Property photos
Business
Freehold
£550,000
Property for sale
Investment Property DN14, East Yorkshire8 beds
Local area information
Property location
Nearby amenities
- Kingsway Primary School 0.2 miles
- Riverside Special School (SEN) 0.3 miles
- Goole 0.3 miles
- Saltmarshe 2.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Goole to find out more about the local area.
Features and description
- Freehold
- Annual rental income £60,780
- Recently renovated HMO
- 11% rental yield per annum
- Potential for uplift in rents
- High demand area for room lets
Income producing HMO lettings and shop let in East Yorkshire for Sale.
A row of three terraces recently converted into three modern flats, accommodating a total of eight letting rooms, each with an en-suite bathroom. There is also a ground floor retail unit currently leased to a bridal shop. The property is fully occupied and produces a combined annual rental income of £60,780. Located close to Goole Docks and just steps from the River Ouse embankment and its abundant wildlife. Very close proximity to the port and surrounding industry, employing thousands of workers, there is a very high demand for letting rooms. The occupancy has been at 100% and remains very steady. Each flat has a modern communal kitchen and laundry facility. Centrally heated throughout. The building is in exceptional condition both internally and externally. Currently the annual yield is 11% but we feel there is room for a realistically achievable uplift in the rents being paid, which we believe would raise the annual yield to 12.5% on capital invested. EPC Band B.
A row of three terraces recently converted into three modern flats, accommodating a total of eight letting rooms, each with an en-suite bathroom. There is also a ground floor retail unit currently leased to a bridal shop. The property is fully occupied and produces a combined annual rental income of £60,780. Located close to Goole Docks and just steps from the River Ouse embankment and its abundant wildlife. Very close proximity to the port and surrounding industry, employing thousands of workers, there is a very high demand for letting rooms. The occupancy has been at 100% and remains very steady. Each flat has a modern communal kitchen and laundry facility. Centrally heated throughout. The building is in exceptional condition both internally and externally. Currently the annual yield is 11% but we feel there is room for a realistically achievable uplift in the rents being paid, which we believe would raise the annual yield to 12.5% on capital invested. EPC Band B.
More information
Listed by
Ernest Wilson
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