Hull | Springhead Court, 792 Hotham Road South

Modern purpose-built development
Comprises 8 income producing apartments
Mix of 1 and 2 bedroom accommodation
Secure gated parking for residents
Established residential location with excellent access to Hull city centre and the wider East Yorkshire region
Producing a current Gross Rental Income of £69,240 per annum with potential for future rental growth
Suitable for private investors and portfolio landlords seeking immediate income

Springhead Court occupies a convenient position on South Hotham Road, approximately 2 miles west of Hull city centre. The location benefits from excellent road connectivity via the A63 and A164, whilst a range of local amenities, schools, retail facilities and public transport services are located nearby.

The surrounding area has experienced continued residential demand driven by affordability, employment opportunities and Hull's ongoing regeneration, making the apartments attractive to both tenants and owner occupiers.

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Description

An attractive opportunity to acquire a modern, purpose-built residential investment in an established and popular residential location in Hull. The property comprises an attractive development of 11 self-contained apartments, 8 apartments are offered for sale along with the freehold of the building, providing a mix of well-proportioned one and two-bedroom units.

The apartments have been constructed to a modern specification and provide well designed accommodation suitable for a wide range of occupiers. The development is complemented by landscaped communal areas and a secure residents' car park.

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Accommodation

Comprises 8 apartments producing a current Gross Rental Income of £69,240 per annum with potential for future rental growth

Further Information

Tenancy

The investment currently produces a current Gross Rental Income of £69,240 per annum.

Terms

Offers are invited for the long leasehold interests in the 8 apartments with offers sought in the region of £900,000, subject to the existing occupational tenancies - further details available upon request.