HU2 10-11 Rose Mews, Somerscales Street, Hull

Comprises of a 3 storey traditional brick built residential apartment block under a pitched concrete tile roof with PVC double glazed windows fascia's and gutters. The property benefits from 2 separate access points with door entry to each flat with each floor comprising of 5 x 2 bedroom flats, with lounge and dining and shared bathroom facilities with 3x 1 bedroom flats consisting of separate bathroom, kitchen and diner, with each flat benefiting from gas central heating.

The premises are located on Somerscales Street which is located approximately 0.5 miles north of Hull City Centre, within walking distance and benefiting from being on the main bus route on Beverley Road. The property is accessed at the junction to the offices of Hull & East Yorkshire MIND with the premises being in close proximity to KFC, Asda with the surrounding area behind the development consisting of mainly residential.

Kingston upon Hull has a population of approximately 250,000 with a further 150,000 in the immediate surrounding suburbs. It is the primary city of the Humber Region and is home to a number of major businesses which include Arco, Reckitt Benckiser, Siemens, MCM, KCom, Smith & Nephew, Croda and Cranswick Foods.

15x 2 bed flats

3x 1 bed flats.

£8,800 /month.

£105,600 pa.

gross yield of 7.38%,

net initial yield of 7.36% purchase costs of 5.72%.

capital value £75,000 /flat

circa £121 per SqFt.

16 parking spaces.