FOR SALE Excellent HMO and Student Accommodation Portfolio, Hull
Summary A portfolio of 28 properties located to the north of Hull City Centre producing a total gross rent of approximately 296,000 per annum. The well-maintained properties also benefit from: High yielding residential investment providing 13% gross initial yield Portfolio can be bought as a whole or in smaller lot sizes Gas central heating and new boilers throughout White goods including washing machines and dishwashers Close proximity to Hull University and the popular residential area of Beverley Road and Cottingham Road
Location Description 48 Ryde Street, Hull HU5 1PB F Hull, officially known as Kingston upon Hull, is a city and unitary authority area in the East Riding of Yorkshire, England. It stands on the River Hull at its confluence with the Humber estuary, 25 miles (40 km) inland from the North Sea. The 2011 Census indicates that Hull has a population in the order of 255,000 people. Hull was founded late in the 12th Century and the economy was built on trading and seafaring, firstly whaling and later sea fishing. Today the port at Hull still operates for both freight and passenger ferries to Europe, with daily crossings to Zeebrugge and Rotterdam. Road communications to Hull are provided by the A63 route which gives direct access to the Humber Bridge and M62 Motorway to the west of the city. Further road communications are provided by the A165 to Bridlington to the north and the A1174 to Beverley to the northwest, whilst the A15 running south from the Humber Bridge, provides access to Lincolnshire. The city has frequent rail connections to Leeds, Manchester and Doncaster/Sheffield with direct services to London Kings Cross with a journey time in the order of two and a half hours. The closest international airports are Humberside Airport (15 miles south of Hull), Robin Hood Airport, Doncaster (30 miles south west) and Leeds/Bradford (60 miles West). The subject properties are all located to the north of Hull City Centre just off from the main arterial Beverley Road (A1079). Beverley Road is a well populated area synonymous in the past with the student population. Beverley Road has excellent amenities including supermarkets, convenience stores, public houses and restaurants. Please note that all accommodation is let as Student Occupation unless expressly stated otherwise. A brief description of each property is as follows- 21 May Street, Hull HU5 1PQ A mid terrace, three storey property of brick construction beneath artificial slate roof. Internally, the property has the benefit of kitchen, dining area, two bathrooms and five bedrooms. The property is currently let as a House of Multiple Occupation (HMO). 23 Ryde Street, Hull HU5 1PB A mid terrace, two-storey property of brick construction beneath a tiled roof. Internally, the property has a kitchen, living room, bathroom and four bedrooms. The house is currently let for Student Accommodation. 31 Ryde Street, Hull HU5 1PB A mid terrace, three/two storey property of brick construction beneath a tiled, pitched roof. Internally, the property has a living room, kitchen bathroom and two bedrooms. 39 Ryde Street, Hull HU5 1PB A mid terrace, three two storey property of brick construction beneath a tiled, pitched roof. Internally, the property has a living room, kitchen bathroom and three bedrooms. 46 Ryde Street, Hull HU5 1PB A mid terrace property of brick construction beneath a pitched, tiled roof. Internally, the property has the benefit of a living room, kitchen, study room, bathroom and five bedrooms. The property is currently let as a House of Multiple Occupation (HMO). A B C D E A mid terrace, two-storey property of brick construction beneath a pitched, tiled roof. Internally, the property has the benefit of a living room, kitchen, shower room, bathroom and five bedrooms. The property is currently let as a House of Multiple Occupation (HMO). 56 Ryde Street, Hull HU5 1PB A mid terrace, two storey property of brick construction beneath an interlocking concrete tiled roof. Internally, the property has the benefit of dining room, kitchen, bathroom and four bedrooms. 19 Washington Street, Hull HU5 1PL The property is a mid terrace, two-storey property of brick construction beneath a concrete interlocking tiled roof. Internally, the property has the benefit of kitchen, dining area, bathroom and four bedrooms. The property is currently let as a House of Multiple Occupation (HMO). 166 Worthing Street, Hull HU5 1PS The property is a two-storey mid terrace property of brick construction with a tiled pitched roof. Internally, the property benefits from a ground floor bedroom, dining area, kitchen, bathroom and four upper floor bedrooms. The property is currently let as a House of Multiple Occupation (HMO). 168 Worthing Street, Hull HU5 1PS The property is a two storey mid terrace property of brick construction with a tiled pitched roof. Internally, the property benefits from a ground floor bedroom, Dining Area, kitchen, bathroom and 4 upper floor bedrooms. G I J H
24 PRINCES RD The property is a three-storey, mid terrace property of brick construc!on beneath a pitched roof. Internally, both of the flats have kitchen, living area, bathroom and two bedrooms each. 64 MARSHALL ST 31 RYDE ST The property is a two-storey mid terrace property of brick construc!on beneath a pitched!led roof. The property has three bedrooms and includes a kitchen, dining area and bathroom. Currently let as student accommoda!on. A mid terrace, three/two storey property of brick construc!on beneath a!led, pitched roof. Internally, the property has a living room, kitchen bathroom and two bedrooms.
Description 1/1a De Grey Street, Hull HU5 2RY The property is an end terrace property beneath a tiled pitched roof. Internally, the property has the benefit of kitchen, dining area and bathroom. 1 De Grey Street has the benefit of five bedrooms whilst 1a has three bedrooms. 5 De Grey Street, Hull HU5 2RY The property is a mid terrace property. Internally, the property has the benefit of kitchen, bathroom and five bedrooms. The property is currently let as a House of Multiple Occupation (HMO). 7 De Grey Street, Hull HU5 2RY The property is a mid terrace property. Internally, the property has the benefit of kitchen, two bathrooms and five bedrooms. The property is currently let as a House of Multiple Occupation (HMO). 9 De Grey Street, Hull HU5 2RY The property is a mid terrace property. Internally, the property has the benefit of kitchen, two bathrooms and five bedrooms. The property is currently let as a House of Multiple Occupation (HMO). Flats 1 & 2, 33 De Grey Street, Hull HU5 2RY A mid terrace property consisting of a ground floor and first floor flat. Both have the benefit of kitchen, living area, bathroom and 1 bedroom each. Flats 1 & 2, 91 De Grey Street, Hull HU5 2RY A mid terrace property consisting of a ground floor and first floor flat. Both have the benefit of kitchen, living area, and bathroom with Flat 1 being a one-bedroom flat whilst Flat 2 has two bedrooms. L M N K O P 24 & 24a Prince s Road, Hull HU5 2QY The property is a three-storey, mid terrace property of brick construction beneath a pitched roof. Internally, both of the flats have kitchen, living area, bathroom and two bedrooms each. 58 Prince s Road, Hull HU5 2QY The property is an end terrace, two-storey building beneath a concrete tiled roof. Internally, the property has the benefit of a kitchen, bathroom and three bedrooms. 13 St Augustine s A mid terrace, two-storey property of brick construction beneath a pitched roof consisting of a kitchen, dining area, two bedrooms and a bathroom. The property is currently being occupied as a Student Residence. 2 St Augustine s S A mid terrace, two-storey property of brick construction beneath a pitched rood consisting of a kitchen, dining area, two bedrooms and a bathroom. The property is currently being occupied as a Student Residence. 4 St Andrew s U T A mid terrace, two-storey property of brick construction beneath a pitched rood consisting of a kitchen, dining area, three bedrooms and a bathroom. The property is currently being occupied as a Student Residence. R Q 64 Marshall Street, Hull HU5 3DA The property is a two-storey mid terrace property of brick construction beneath a pitched tiled roof. Internally the property is a three- bedroom property that also has the benefit of kitchen, dining area and bathroom. 6 Pretoria Villas, De Grey Street, Hull HU5 2RT The property is a mid terrace property beneath a pitched roof. Internally, the property is three-bedroom property with the benefit of having a kitchen and bathroom. 12 Tavistock Street, Hull X The property is an end terrace property with a pitched tiled roof. Internally, the property has the benefit of kitchen, bathroom and four bedrooms. The property is currently let as a House of Multiple Occupation (HMO). V 21 May Street, Hull W
56 RYDE ST A mid terrace, two storey property of brick construc!on beneath an interlocking concrete!led roof. Internally, the property has the benefit of dining room, kitchen, bathroom and four bedrooms. 23 RYDE ST A mid terrace, two-storey property of brick construc!on beneath a!led roof. Internally, the property has a kitchen, living room, bathroom and four bedrooms. The house is currently let for Student Accommoda!on. 21 MAY ST A mid terrace, three storey property of brick construc!on beneath ar!ficial slate roof. Internally, the property has the benefit of kitchen, dining area, two bathrooms and five bedrooms.
Specification All of the properties available for purchase have the following specification: Washing machine Dishwasher Electric shower Gas central heating Modern gas boiler Burglar alarm Tenure We have been advised that all of the properties are Freehold but are all let on controlled tenancies. Provision of a typical tenancy for both HMO and Student can be provided by the joint agents. Income Annual Gross Income 21 May Street, Hull 14,950 23 Ryde Street, Hull 11,440 31 Ryde Street, Hull 6,136 39 Ryde Street, Hull 8,892 46 Ryde Street, Hull 14,820 48 Ryde Street, Hull 16,120 56 Ryde Street, Hull 11,232 19 Washington Street, Hull 14,040 166 Worthing Street, Hull 13,936 168 Worthing Street, Hull 8,424 1 & 1a De Grey Street, Hull 22,932 5 De Grey Street, Hull 17,160 7 De Grey Street, Hull 16,900 9 De Grey Street, Hull 17,160 Flats 1 & 2, 33 De Grey Street, Hull 7,800 Flats 1 & 2, 91 De Grey Street, Hull 10,036 24 & 24a Prince s Road, Hull 12,272 58 Prince s Road, Hull 8,892 13 St Augus!ne s 8,320 2 St Augus!ne s 8,320 4 St Andrew s 9,282 64 Marshall Street, Hull 10,452 6 Pretoria Villas, De Grey Street, Hull 9,282 12 Tavistock Street, Hull 16,640 Total Gross Income 295,438
Tenant Information All relevant information regarding tenant s occupation is available from the agents. Energy Performance Certificates (EPC) Energy Performance Certificates are available from the agents. VAT Viewing We are awaiting confirmation from the owners in respect of VAT. For further information, please contact the agents. Price The property portfolio is available at a price of 2,250,000. This produces a Gross Initial Yield of 13%. Please note that the properties are available on an individual basis or smaller lot size. For further information, please contact the agents. Dan Hodge RYDEN LLP 0113 386 8806 dan.hodge@ryden.co.uk Jamie Austin TULIP ESTATE AGENTS 01482 346366 jamie@tulipestateagents.co.uk April 2016 LEAG225 (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warranty whatever in relation to this property.
Location of Properties