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Beverley Road, Hull, Hull, HU3 1XL

£595,000Freehold

17

Key Information

Tenure:Freehold
Council tax band:Not available
Broadband:up to 1000Mbps
Mobile signal:*Based on indoor data coverage
EEO2ThreeVodafone

Key Features

Two Substantal side by side attractive Buildings
One of the Buildings is fully tenanted
Significant Development Potential
Period Decorative Features Throughout
Vast Car Parking area at the rear
Long Term Hold of Trade Out Options
Good local schooling and infrastructure
Development Subject to planning and permissions
Acquisition Fee applicable
Contact Osprey Investments for further information

Description

Two Freehold Commercial Buildings with potential for Development. Investors Only

Opportunity to purchase two substantial side by side attractive buildings in central hull. 5 of the 6 units in 55 Beverley road are currently tenanted, producing an annual income of c £21,636. The passing rent on 55 Beverley road once fully let will be c £26,000 per annum. 53 Beverley road is currently a vacant shell with significant development potential. Both units currently classified as D1. The property has an elapsed planning permission consent for the change of use to 9 flats. Please note, an acquisition fee of 3% + VAT is payable to Osprey Investments on Exchange. For any enquiries and full site details, please call Osprey Investments; 01572 510 260

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Investments Branch

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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ2,976 /mo.25 Years, 4.5% Interest
Loan
ÂŁ535,500
Total Repay
ÂŁ892,945

Stamp Duty

You’ll have to pay the stamp duty of:
ÂŁ19,750
0% up to ÂŁ125,000
2% from ÂŁ125,000 to ÂŁ250,000
5% from ÂŁ250,000 to ÂŁ595,000
Your effective stamp duty rate is 3.32%
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