Lot
036
Auction: September 2024 Online Auction 18/09/2024 - Bidding opens Tuesday 17th September 10:00 AM

13-14 John Street, Hull, East Riding Of Yorkshire, HU2 8DH

Property Details
Location
Auction Details
Description
A residential investment opportunity comprising an attractive property operating as an HMO and, we are advised, generating a total annual rent of £71,156. Based off the guide price, this reflects a gross initial yield of c16%. The property is mid-terraced and is arranged as two separate, three-storey units, with a total of 13 rooms, all en-suite, with shared communal facilities; it benefits from double-glazing and being in good cosmetic order. The property represents an opportunity for investors to acquire a high-yielding, fully-let, city centre investment.
Location
The property boasts a rare and attractive location in Hull city centre, fronting John Street, which is conveniently accessed via the nearby A165. John Street is a pleasant street in the Georgian New Town Conservation area, nearby to the picturesque Kingston Square gardens. It is well-served by a wide range of nearby amenities and national brands trading in Hull city centre.
Accommodation


BuildingDescription
13 John Street7 x ensuite bedrooms, shared kitchen
14 John Street6 x ensuite bedrooms, shared kitchen

Tenancy
Please see the tenancy schedule in the special conditions for a breakdown of the tenancy schedule. We are advised by the vendor that all 13 rooms are let with a combined annual rent of £71,156. 
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 17TH SEPTEMBER AND CLOSES ON WEDNESDAY 18TH SEPTEMBER.

3. Energy Performance Certificate = E.

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