Marshall Street, Hull, East Riding Of Yorkshire, HU5
- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
12
- BATHROOMS
4
- SIZE
1,421 sq ft
132 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Portfolio Investment Opportunity
- 2 x 6 Bedroom, 2 Bathroom Mid Terrace HMOs
- Gross Yields - 12.7% and 10.7% (Exc. utility bills)
- Within Close Proximity to the University
- Furnished & Tenanted
- Ability to Increase Returns Through Increasing Rents
- RENT: £3,141 pcm (Exc utility bills)
- POTENTIAL RENT: £3,640 pcm (Exc utility bills). ROI: 17% ROI. YIELD: 12% (Exc utility bills)
Description
An opportunity to acquire 2 x six bedroom, two bathroom HMO's located on the same residential street at the heart of Newland Avenue - a popular hub for all Hull residents. It is full of small independent shops, cafes, restaurants and bars. To the top of Newland Avenue is Cottingham Road where the University of Hull is located (very convenient for student tenants), Cottingham Road offers further amenities including food outlets, and supermarkets. The properties are ideal for the student rental market due to the location and the layouts which include a low maintenance enclosed yards ideal for Summer BBQ's and storing bikes.
The properties are fully let, one on a company let on a rolling 12 month contract (ending Aug 2024) which could potentially be renewed and the other is let to students. Both properties are being advertised for the 1st September 2024 academic year at higher rents meaning that the returns are set to increase from September 2024. Being sold as going concerns, the buyer will purchase this ready-made investment complete with any tenants and furnishings (sold as seen).
The properties are traditional mid-terrace houses offering approx 1,292 ft2 of internal accommodation each. Both are fully double-glazed, including the front and back door, and heated by 'Ideal' gas combi-boilers with remote heating controls.
The current owner holds HMO licences for each of the properties and has confirmed that the they met with all of the conditions of the licence. Please note that while a HMO licence is valid for 5 years, they are not transferrable and follow the person, not the property - a new licence is required upon transfer of ownership.
The properties are installed with Grade C-A fire alarm system with call points installed, fire doors throughout, and a fire blanket in the kitchen.
To receive a copy of the comprehensive brochure please register on our buyers database - visit our website to complete the buyers registration form.
Buyers premium of £10,050 + VAT is payable in two parts:
- A non-refundable reservation fee of 25% plus VAT or £1,500 plus VAT (whichever is greater)
- The balance is due upon legal completion (which is collected and paid by the buyers solicitor)
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Rear garden,Terrace
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Marshall Street, Hull, East Riding Of Yorkshire, HU5
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hull Station1.4 miles
- Cottingham Station2.3 miles
- New Holland Station4.2 miles
About the agent
Realm 47, Hull
Suite 712, K2 Building, Bond Street, Hull, HU1 3EN
REALM 47 Property Brokerage are Investment Specialists, with over 20 years of experience in the property industry we are here to assist investor buyers with the acquisition process or sellers throughout the sale process; acting for either party as buying agent or selling agent.
We handle a vast range of properties from existing investment properties and those with plans for development through to the less obvious properties such as those that are currently used as family homes bu
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 8and10MarshallStreet. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Realm 47, Hull. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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