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100-102 The Quadrant, Hull, HU6 8NS

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Key features

  • PRIME NEW LISTING. We are excited to present this fantastic development opportunity. *PRIME DEVELOPMENT OPPORTUNITY*
  • ***20, Bentley Grove, Hull, City Of Kingston Upon Hull HU6 8NP £122,000. 15, Rowley Grove, Hull, City Of Kingston Upon Hull HU6 8PE, £135,000*** 
  • Once renovated could achieve a rental income of £675 - £725 pcm per flat or £32,400 - £26,400 pa. Excellent yield potential of 13-13.9% if achieved for guide price *HIGH YIELD*
  • For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY*
  • The property could be a unique Serviced Accommodation which could generate £75 per room per night ***HIGH CASHFLOW INVESTMENT***

Description

  • PRIME NEW LISTING. We are excited to present this fantastic development opportunity. *PRIME DEVELOPMENT OPPORTUNITY*

  • ***20, Bentley Grove, Hull, City Of Kingston Upon Hull HU6 8NP £122,000. 15, Rowley Grove, Hull, City Of Kingston Upon Hull HU6 8PE, £135,000*** 

  • Once renovated could achieve a rental income of £675 - £725 pcm per flat or £32,400 - £26,400 pa. Excellent yield potential of 13-13.9% if achieved for guide price *HIGH YIELD*

  • For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY*

  • The property could be a unique Serviced Accommodation which could generate £75 per room per night ***HIGH CASHFLOW INVESTMENT***

PRIME NEW LISTING. We are excited to present this fantastic mixed use investment opportunity. *PRIME DEVELOPMENT OPPORTUNITY*

Property currently has 2 turnkey flats ready to be occupied and let out on the upper level. There is currently approved planning permission in place to convert the 2 downstairs hops into 2 x 1 Bedroom flats. 24/00172/COU - Planning permission. 

Property currently comprises: 

Ground Floor: A blank canvas with planning permission in place for a change of use to convert the current 2 shops into 2 x 1 bedroom flats.

First Floor: 2 x 1 bedroom flats ready to be let out. Both come with a kitchen, living room, spacious double bedroom and a bathroom *WALK-IN CONDITION*

Sure to appeal to investors looking for a great project with vast potential depending on strategy. 

Here is the link to all of the relevant documents about the currently approved planning permission:



The property could be an attractive serviced accommodation which could achieve £75 per room per night once renovated. If occupied at 70% this would generate in excess of £76,000 a year. This would produce a high cashflow producing asset. ***HIGH CASHFLOW INVESTMENT***

The property has a variety of uses and could be used for a variety of different property strategies. 

If fully converted into residential properties there is scope to finish with 4 x 1 bed flats. Once renovated, for rental purposes the flats could achieve a rental income of £675 - £725 per month per flat or £32,400 - £26,400 per year. Excellent yield potential of 13-13.9% if achieved for guide price *HIGH YIELD*

For those looking for a great project with vast potential to add value and still have high cashflow after refinance *BRRR STRATEGY*

Sales comparables:

***20, Bentley Grove, Hull, City Of Kingston Upon Hull HU6 8NP £122,000. 15, Rowley Grove, Hull, City Of Kingston Upon Hull HU6 8PE, £135,000*** 

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location:

Hull is a vibrant, up-and-coming city with a unique blend of rich history and modern innovation. Known for its stunning waterfront, Hull offers an exciting array of cultural attractions, including museums, galleries, and theaters, making it a hub for creativity and the arts. The city is also home to beautiful parks, fantastic local restaurants, and a thriving food scene, giving residents a great quality of life. With excellent transport links, including a bustling port and easy access to surrounding countryside, Hull offers a perfect balance of urban living and natural beauty. The affordable cost of living combined with a strong sense of community makes it an increasingly desirable place to call home.
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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100-102 The Quadrant, Hull, HU6 8NS

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About Prime Property Auctions (Scotland) Ltd, Glasgow

100 West Regent Street, Suite 3.02, Glasgow, G2 2QD
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Prime Property Auctions is an experienced Property Auction Company, Specialising in Investment Property across Scotland. We can help sell your property be it Residential, Commercial or Land. We have cash buyers looking to buy all property types in any condition, offering a Fast Sale Process.

Each Auction offers a variety of properties. Properties are accepted from one of landlord to Private disposals and Corporate Vendors. We are here to help all potential clients. Auctions are a great tool for property owners who are looking a fast sale for a great price.

We hold several live events online throughout the year. To feature in our upcoming auction get in contact now.

If you are looking for an easy no hassle sale process then look no further than Prime Property Auctions. Our team is ready to help you sell your property FAST for a GREAT PRICE. Get in contact with the team today to request a Free Auction Valuation and discuss how the auction process works. At Prime Property Auctions we pride ourselves on providing unrivalled service where we can have your property sold for a great price as quickly as possible.

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Disclaimer - Property reference 215848144. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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