Property Brief
Great opportunity to purchase this grade II listed, mixed-use freehold property in the heart of Hull's city centre. The building consists of one commercial unit (with a small kitchenette and W/C) and three self-contained, one-bed apartments. All units are tenanted with the building being comprised as follows:

Basement - Basement unit (commercial - barbershop)

Ground floor - 1 x one-bed apartment

First floor - 1 x one-bed apartment

Second floor - 1 x two-bed duplex apartment (occupying the useable loft space)

Condition Report
All apartments has been specced to a good standard and each tenant looks after their respective property. There is a small section of damp in the first-floor apartment's bedroom which is being looked into by the vendor. There are also minor moisture stains across the supporting beam of the duplex apartment's loft space along with a cracked window. The barber shop has no issues to report.

The vendor is open to offers reflecting the works needed or would consider rectifying these issues prior to completion.

Rental Information
Current rent: 
Barbershop - £1200 quarterly
Apt 1 - £140 weekly
Apt 2 - £550 monthly
Apt 3 - £750 monthly

Total - £27,680 per annum

Market rent:
Barbershop - £1,350 quarterly
Apt 1 - £650 monthly
Apt 2 - £650 monthly
Apt 3 - £750 monthly

Total - £30,000 per annum

Ultralets do not currently manage any of the tenancies but would be happy to upon purchasing.

Compliance
All units have both a valid gas saftefy and electrical certificate on record

Barbershop:
EPC rating: E
Council Tax Band: N/a

Apt 1:
EPC rating: C (potential C)
Council Tax Band: A
36 sqm

Apt 2:
EPC rating: C (potential C)
Council Tax Band: A
42 sqm

Apt 3:
EPC rating: D (potential D)
Council Tax Band: A
71 sqm

Overall size of the building - 202 sqm

Figures
Estimated upfront costs below:

Deposit = £75,000
Stamp duty = £15,000
Broker fee (Est.) = £495
Solicitor fee (Est.) = £1,200

Total = £91,695

Current yield is 9.2% (10% at market rent).

Buyer Disclaimer - https://bit.ly/3CzncNu

(Floorplans visible on the picture reel)

To speak to our in-house Mortgage Advisor, call the office on 01482 562562 and ask to speak to Jack Newton.