Property Information
Address:
10-11 Rose Mews, Somerscales Street, Hull, East Yorkshire
, HU2 9PA
, East Yorkshire
, United Kingdom
Price: Property no longer available.
Size: 11130 sq ft1034 sqm
Primary Category: Investment
All Categories:
Investment,
Property Ref/Movehut: MH680192
Property Ref/Agent: 11612
*Please use the agent ref when calling the agent directly.
Property description
10-11 Rose Mews comprises of a 3 storey traditional brick built residential apartment block under a pitched concrete tile roof with PVC double glazed windows fascia's and gutters.
The property benefits from 2 separate access points with door entry to each flat with each floor comprising of 5 x 2 bedroom flats, with lounge and dining and shared bathroom facilities with 3 * 1 bedroom flats consisting of seperate bathroom, kitchen and diner, with each flat benefiting from gas central heating.
Residential investment comprising of 15 x 2 beds, 3 x 1 bed flats.
Currently producing £8,800 per calendar month.
£105,600 per annum.
Provides a gross yield of 7.38%, with a net initial yield of 7.36% after purchase costs of 5.72%.
Each flat reflects a capital value of £75,000 per annum, a rate of circa £121 per SqFt.
Benefiting from 16 parking spaces allocated to the development.
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