Property photos
Leasehold
£525,000
Block of flats for sale
Lowgate, Hull HU1Key Information
Tenure:
Leasehold (134 years)
Service charge:
£1 per year
Council tax band:
A
Ground rent:
£700
Ground rent date of next review:
Local area information
Property location
Nearby amenities
- Hull Trinity House Academy 0.3 miles
- Victoria Dock Primary School 0.4 miles
- Hull 0.6 miles
- Hull Ferry Terminal 2.4 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Leasehold
- Double glazing
Property Brief
Block of 7 well-presented 1-bed leasehold apartments located in the heart of Hull's city centre. The apartments are situated on the second and third floor of the building, all comprising a living space, bedroom and modern kitchens/bathrooms throughout. The apartments have been specced to a good standard and the communals are also in good condition. No works required, making this a great opportunity for an investor looking for income on day one.
Rental Info
Current rents:
Apt 1 - £500 pcm
Apt 2 - £475 pcm
Apt 3 - £475 pcm
Apt 4 - £510 pcm
Apt 5 - £520 pcm
Apt 6 - £495 pcm
Apt 7 - £525 pcm
Total - £3,500 pcm (8% yield)
Ultralets currently manages all 7 apartments and can continue to do so upon completion.
Leasehold Info
No service charges apply however there is an annual ground rent of £100 per apartment. All apartments are on a 150 lease term starting from 4th March, 2008.
Compliance
Compliance documents are up to date for each apartment (including EICRs / EPCs) and all are registered as a council tax band A.
EPCs and apartment sizes are as follows:
Apt 1 - D (potential C) - 40 sq. M
Apt 2 - D (potential C) - 34 sq. M
Apt 3 - D (potential C) - 45 sq. M
Apt 4 - D (potential C) - 42 sq. M
Apt 5 - C (potential B) - 34 sq. M
Apt 6 - E (potential C) - 69 sq. M
Apt 7 - D (potential C) - 48 sq. M
Block of 7 well-presented 1-bed leasehold apartments located in the heart of Hull's city centre. The apartments are situated on the second and third floor of the building, all comprising a living space, bedroom and modern kitchens/bathrooms throughout. The apartments have been specced to a good standard and the communals are also in good condition. No works required, making this a great opportunity for an investor looking for income on day one.
Rental Info
Current rents:
Apt 1 - £500 pcm
Apt 2 - £475 pcm
Apt 3 - £475 pcm
Apt 4 - £510 pcm
Apt 5 - £520 pcm
Apt 6 - £495 pcm
Apt 7 - £525 pcm
Total - £3,500 pcm (8% yield)
Ultralets currently manages all 7 apartments and can continue to do so upon completion.
Leasehold Info
No service charges apply however there is an annual ground rent of £100 per apartment. All apartments are on a 150 lease term starting from 4th March, 2008.
Compliance
Compliance documents are up to date for each apartment (including EICRs / EPCs) and all are registered as a council tax band A.
EPCs and apartment sizes are as follows:
Apt 1 - D (potential C) - 40 sq. M
Apt 2 - D (potential C) - 34 sq. M
Apt 3 - D (potential C) - 45 sq. M
Apt 4 - D (potential C) - 42 sq. M
Apt 5 - C (potential B) - 34 sq. M
Apt 6 - E (potential C) - 69 sq. M
Apt 7 - D (potential C) - 48 sq. M
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
Listed by
.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Ultralets. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Ultralets for full details and further information.