Property description
INVESTMENT OPPORTUNITY - A RESIDENTIAL PROPERTY WITH ATTACHED INVESTMENT WITH A GROSS ANNUAL INCOME OF OVER 16,000 PER ANNUM - A LARGE REAR COURTYARD AND GARAGE/WORKSHOP
INTRODUCTION
You are currently looking at an investment opportunity to purchase two properties with potential to develop the rear courtyard and garaging. One of the properties is fully tenanted and achieving an approximate annual income of £16,000 per annum. The attached property is currently used as a private residence. The rear courtyard and garaging has previously being granted Planning Permission to convert the rear garaging and back way into a residential dwelling, Planning has now expired, but has been resubmitted for approval all details can be provided through our Newland Avenue office.
LOCATION
The property is close to Newland Avenue which enjoys an abundance of restaurants, bars, cafes, local shops and public transportation, with access to both Hull City Centre and the A63/M62 motorway. The Hull University is also within a short walking distance.
ACCOMMODATION
The property is arranged on two floors and briefly comprises as follows:
83 ALEXANDRA ROAD
This property is currently split into two comprising a three bedroom student house with a large second floor duplex flat above. The property currently generates approximately £16,000 per annum.(PLEASE SEE FLOOR PLAN)
85 ALEXANDRA ROAD
This generous three bedroom terrace home is currently used as a private residence with double garaging to the rear, ample off street parking ans use of the courtyard.(PLEASE SEE FLOOR PLAN)
CENTRAL HEATING
The property has the benefit of gas central heating.
COUNCIL TAX (PER PROPERTY)
Council Tax is payable to the Kingston Upon Hull City Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band A.*
FIXTURES AND FITTINGS
Certain fixtures and fittings may be purchased with the property but may be subject to separate negotiation as to price.
DISCLAMIER
*The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain verification from their solicitor or surveyor.
VIEWINGS
Strictly by appointment with the sole agents.
MORTGAGES
We will be pleased to offer independent advice regarding a mortgage for this property, details of which are available from our Hull - Newland Avenue office on 01482 343399. Independent advice will be given by Licensed Credit Brokers. Written quotations on request. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.
VALUATION/MARKET APPRAISAL
Thinking of selling or struggling to sell your house? More people choose Beercock Wiles & Wick in this region than any other agent. Book your free valuation now!