Property Information
Address:
1 & 2 The Courtyard, Leads Road, Hull
, HU7 4EG
Price: Property no longer available.
Size: 3794 sq ft352 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH664350
Property Ref/Agent: 8631
*Please use the agent ref when calling the agent directly.
Property description
The property was the former police station that has been converted into 4 x 2 bedroom and 1 x 3 bedroom duplex luxury apartments.
The 2 bedroom apartments benefit from having their own external storage units which is accessed via the shared well maintained communal garden.
The vendor has separated the titled ownerships to provide the freehold and 5 separate long leasehold when selling the freehold interest.
Reflects a sale of £89,000 per residential apartment.
All apartments have their own long leasehold title.
Comprising of 4 x 2 bedroom apartments and 1 x 3 bedroom duplex apartment producing £31,260 per annum.
Producing £31,260 per annum.
Reflects a net initial yield of 6.75% after purchasers costs of 4.14% with a gross yield of 7.02%
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