68 Sherburn Street, Hull, Yorkshire, HU9 2LB SSTC

5 3 0

£175,000 House of multiple occupation for sale
SSTC
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Description

This is a well-presented 5 bedroom property in Hull. A fantastic investment opportunity to purchase an established HMO. The property is exceptionally well-run and fully occupied with a local managing agent in place. The property Gross Income is £22,100 per annum and the Gross yield is 12.63%

Well located in Hull, it is centrally located within 1.5 miles of the city centre. The property reaps the benefits of a central location and it is within 0.2 miles of local amenities. With numerous local stores, just a short walk away including Iceland, Asda, Lidl, and Morrisons. Transport links are second to none from the property; within 425 feet is the nearest bus stop. The nearby railway station is within 1.8 miles of the property (Hull Paragon Interchange station).

Hull is the hub of many large company head quarter's for UK businesses. This includes Cranswick, which is a large UK food producer. They currently account for 60% of UK exports to the middle east. Croda is another larger employer in the area which is within the health and beauty sector; in total, they employ over 4000 employees. Also, Hudson contract within the construction sector is another mainstream employer in the area, and this is to name just a few.

Income;

Room 1 - £346.67 / Room 2 - £325 / Room 3 - £390 /

Room 4 - £346.67 / Room - 5 £433.33 /

Total; £1,841.67 PCM / £22,100.04 PA

Expenditure;

Gas - £200 / Electric - £70 / Water - £41.50 / Council Tax - £102 /

TV License - £13 / Broadband - £45.99 / Cleaner - £30 / Management - £276

Total; £778.49 PCM / £9,341.88 PA

Gross Yield: 12.63%

Buyer Fee: 2.00% + VAT

Reference: TSC-88334610
Ground floor 1st floor Energy Efficiency Chart Environmental Impact Chart

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Features

  • 5 Bedroom HMO
  • Exceptionally Well Run
  • Well Presented
  • Centrally Located
  • Gross Income : £22,100 PA
  • Gross Yield : 12.63%
  • 2% +VAT Buyer's Fee

Enquiry

To make an enquiry for this property, please call us on 01743 612 018, or complete the form below.