AN IDEAL INVESTMENT OPPORTUNITY! FIVE SELF-CONTAINED FLATS GENERATING A RENTAL INCOME OF £1,250 PER MONTH AND PRODUCING A YIELD OF APPROXIMATELY 11.5 %

***SOLD NOW TAKING ENTRIES FOR OUR NEXT AUCTION 13th JUNE 2018 CONTACT US FOR FURTHER DETAILS*** This building has been developed into 5 x one bedroomed flats with full planning consents. There are two flats to the ground floor, two to the first floor and there is a further flat in the attic. Each dwelling has a gas water heater together with a gas fire and comprises a lounge, a kitchen, a bedroom and a bathroom or shower room. The furnishings and appliances (belonging to the current owner) that are currently in use will be included in the sale to enable the tenants in situ to continue their tenancies without disruption.

Tenure

We understand the property to be freehold (subject to confirmation by the vendors' solicitors).

Situation

Albany Street is situated off Spring Bank which has excellent public transport and road links and is within walking distance of Hull City Centre. The popular Princes Avenue is also nearby with its excellent variety of bars and restaurants.

Accommodation

Ground Floor Flat 1: Lounge, Kitchen, Bedroom and Bathroom. Flat 2: Lounge, Kitchen, Bedroom and Bathroom. First Floor Flat 3: Lounge, Kitchen, Bedroom and Bathroom. Flat 4: Lounge, Kitchen, Bedroom and Bathroom. Second Floor Flat 5: Lounge, Kitchen, Bedroom and Shower Room. Outside: There is a rear garden which is laid mainly to lawn.

Viewings

Strictly by appointment with Auction House Hull & East Yorkshire's Hessle office (01482) 644515.

Joint Agent

Dee Atkinson & Harrison 6 Hull Road, Hessle HU13 0AH Tel: 01482 644515

Services

All mains services are connected to the property. None of the services or installations have been tested.

Energy Efficiency Rating (EPC)

Current Rating E/D

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Hull City Council

Solicitors

James Legal Solicitors, Planet House, Woodhouse Street, Hull, HU9 1RJ, Ref: Ms Rachel Wilso, Tel: (01482) 225566

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £600 inc VAT (£500 + VAT) in addition to the purchase price.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.