Summary - Flat 2, 315, Beverley Road, HULL HU5 1LG
25 bed 17 bath Block of Apartments
**Standout Features:**
- **17 Spacious Flats:** High occupancy (over 90%) ensures solid rental income.
- **Strong Rental Potential:** Estimated rental income surpassing £100,000 per year.
- **Attractive Gross Yield:** 12.5% gross yield based on an £800,000 purchase price.
- **Prime Location:** Near Hull University; ideal for students and professionals.
- **Expansive Site:** 0.4 acres with off-street parking, detached garages, and room for further development.
- **Renovation Potential:** Opportunity to enhance value through upgrades and effective management.
**Summary:**
This exceptional block of 17 flats on Beverley Road presents an outstanding investment opportunity in Kingston Upon Hull, particularly appealing to seasoned investors looking to expand their portfolios. With a commanding occupancy rate exceeding 90%, the property promises a steady rental income estimated over £100,000 annually, yielding a lucrative 12.5% based on the asking price of £800,000.
Nestled conveniently near Hull University, the location attracts both students and young professionals, ensuring ongoing demand for rental units. Set on a generous 0.4-acre site, the asset features off-street parking and detached garages, with potential for further development, pending planning consent. Although the property requires renovation, it offers significant scope for value addition through upgrades and proactive management.
Given the current high occupancy and the possibility of increased rental income through improvements, this is a rare chance to secure a promising residential investment. Don't miss out on this lucrative opportunity—early viewing is highly recommended to capitalize on the potential this property presents!
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