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Springhead Court 792 Hotham Road South, Hull, HU5 5LG

1 bed | Price Guide £900,000 Having knowledge of the purchase price allows you to calculate the overall expense incurred in acquiring the property. Read our glossary page

  • Modern purpose-built development
  • Comprises 8 income producing apartments
  • Mix of 1 and 2 bedroom accommodation
  • Secure gated parking for residents.
  • Established residential location with excellent access to Hull city centre and the wider East Yorkshire region
  • Producing a current Gross Rental Income of £69,240 per annum with potential for future rental growth
  • Suitable for private investors and portfolio landlords seeking immediate income

Material Information

Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page

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Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page :  

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Modern purpose-built development comprising 8 income producing apartments. Established residential location with excellent access to Hull city centre and the wider East Yorkshire region. Producing a current Gross Rental Income of £69,240 per annum with potential for future rental growth

Springhead Court occupies a convenient position on South Hotham Road, approximately 2 miles west of Hull city centre. The location benefits from excellent road connectivity via the A63 and A164, whilst a range of local amenities, schools, retail facilities and public
transport services are located nearby.

The surrounding area has experienced continued residential demand driven by affordability, employment opportunities and Hull's ongoing regeneration, making the apartments attractive to both tenants and owner occupiers.

DESCRIPTION

An attractive opportunity to acquire a modern, purpose-built residential investment in an established and popular residential location in Hull. The property comprises an attractive development of 11 self-contained apartments, 8 apartments are offered for sale along with
the freehold of the building, providing a mix of well-proportioned one and two-bedroom units.

The apartments have been constructed to a modern specification and provide well designed accommodation suitable for a wide range of occupiers. The development is complemented by landscaped communal areas and a secure residents' car park.

TENANCY

The investment currently produces a current Gross Rental Income of £69,240 per annum.

TERMS

Offers are invited for the long leasehold interests in the 8 apartments with offers sought in the region of £900,000, subject to the existing occupational tenancies - further details available upon request.

COUNCIL TAX : Band A & B. For further details visit gov.uk.

ENERGY PERFORMANCE RATING: Awaiting Confirmation

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