Register or log in to the Ultralets investment portal to view more of our investment properties

381 Hessle Road, Hull HU3 4EJ

Asking Price

£130,000

Current rent

£1,025


Tenanted

Ready To Let

Contact Liam to discuss further

Connect on LinkedIn

Mobile: 07361258548

Office: 01482 562 562

Email Address: liam@ultralets.co.uk

Our customers rate us an Excellent local agent

381 Hessle Road, Hull HU3 4EJ

Asking Price

£130,000

Current rent

£1,025


Tenanted

Ready To Let

Contact Liam to discuss further

Connect on LinkedIn

Mobile: 07361258548

Office: 01482 562 562

Email Address: liam@ultralets.co.uk


381 Hessle Road, Hull HU3 4EJ

Mixed-Use Freehold Investment

Property Brief
Mid-terrace property situated over three floors. To the ground floor is a tenanted commercial space, currently being utilised as a clothing retail unit. This consists of a sales area to the front with large display windows and a kitchenette and W/C to the rear. A vacant two-bed duplex apartment is situated on the first and second floors, comprising a living room, kitchen, bathroom and two bedrooms.

The rear yard is accessible to both units - the commercial via a rear door in the kitchenette and the apartment via a gate with shared access to a neighbouring property.

Condition Report
The property appears to be structurally sound with no obvious defects visible. The tenants of the commercial unit look after the property and the apartment is in a good, lettable condition.

Rental Information

Commercial:

Current rent: £500 pcm
Market rent: £600 pcm
Tenancy start date: July 2020

Residential:
Market rent: £525 pcm

Compliance

Commercial:
Electrical certificate (EICR): Test date August 2021  
Gas safety certificate: Test date February 2024
EPC rating: C

Residential:
Electrical certificate (EICR): Test date August 2021  
Gas safety certificate: Test date March 2024
EPC rating: D (potential C)
Council Tax Band: A

Figures
Estimated upfront costs below:

Deposit = £32,500
Stamp duty = £6,500
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £2,340

Total = £43,035

9.5% yield based on market rent of the apartment and current rent of the commercial. This could increase to 10.4% based on increasing the commercial rent to market rates.

Buyer Disclaimer - https://bit.ly/3CzncNu

To speak to our in-house Mortgage Advisor, call the office on 01482 562562 and ask to speak to Jack Newton.


Key Features

Tenanted

Ready To Let

Commercial

2 Bedrooms

1 Bathroom

Gas Central Heating

Double Glazing

Freehold


Location and area


Energy Performance Certificate

See below the energy charts for this property


Floor Plan