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George Street, HU1


5 bedroom property

  • 5
  • 5
  • 5

Main Features

  • Turnkey Investment Opportunity
  • Block of 5 Centrally Located 1 Bed Apartments
  • Fully Let and Managed at £30,960 Per Annum
  • Recently Fully Refurbished
  • City Centre with Amenities on Doorstep
  • £11.7m Redevelopment 100m Away

About this property

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £375,000.

An outstanding opportunity to purchase a block of 5 apartments and the Freehold for this converted Grade 2 Georgian town house, in the heart of Hull city centre only 100 metres from the stunning £11.7m Queens Gardens redevelopment. Easy access to transport links, the old and new towns and waterfront marina area.

An excellent investment to add to an existing or start up portfolio - 

Apartment 1 - £535pcm

Apartment 2 - £545pcm

Apartment 3 - £525pcm

Apartment 4 - £475pcm

Apartment 5 - £500pcm

Each apartment boasts modern fitments throughout, 4 of which offer duplex living, including fitted kitchens with integrated appliances, one bedroom, modern shower rooms, electric heating and secure entry. Currently fully let & managed producing £30,960 per annum.

In more detail:

Apartment 1 is set over 2 floors and comprises of; it's own private entrance, an open plan living area, a fully fitted kitchen with all appliances, double bedroom and a modern shower room.

Apartment 2 is set over 2 floors and comprises of; a bright and airy open plan living dining area, a fully fitted fully equipped modern kitchen, a good sized bedroom and a shower room.

Apartment 3 comprises of; a fully fitted kitchen with appliances, contemporary open plan living space, double bedroom and a shower room.  

Apartment 4 comprises of; an open plan living area, a fully fitted kitchen with appliances, single bedroom and a shower room.

Apartment 5 is located on the top floor and comprises of; a fully fitted kitchen with appliances, contemporary open plan living space, double bedroom accessible via a spiral staircase and a shower room.  

All apartments are Council Tax Band A, and EPC Ratings E.

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

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