7 bed block of flats for sale

Flats 1-4 29 Plane Street, Hull HU3

****Guide Price £220,000 - £240,000 plus reservation fee****

**Investment Opportunity: Four Refurbished Flats**

This property presents an excellent investment opportunity with four flats currently undergoing refurbishment. The estimated annual rental income is approximately £29,000, providing an attractive gross yield of over 13%.

**Accommodation Overview:**

- **Ground Floor:**
- One-bedroom flat & Studio flat

**First Floor:**
- Studio flat & Two-bedroom flat

**Key Features:**

- **Generous Garden:** Includes an additional gravel area with right of way and access via a 10-foot path (please check the title plan for boundaries).
- **Prime Location:** Situated within easy reach of the Royal Infirmary and the mkm Stadium.
- **Local Amenities:** Close to many surrounding shops and amenities, enhancing the property's appeal to potential tenants.

This property offers a fantastic opportunity for investors seeking a high-yield return in a convenient and desirable location. Contact us today to learn more and arrange a viewing.

**Fees, Exclusivity, and Disclaimer:**

**Fees:**

**Reservation Fee:** Upon acceptance of an offer, the Buyer is required to pay a non-refundable Reservation Fee of 1.5% to a minimum of £2500 plus VAT. The Reservation Fee is paid on top of the purchase price. This reservation fee ensures that the property is taken off the market as soon as a sale is agreed, eliminating gazumping, time wasting, and financial loss.

The Reservation Fee can be refunded under certain circumstances;

i.e the seller deciding to pull out, a chain collapsing or structural issues verified by a structural survey. For more information on what would qualify for a refund then please speak to the office

**Exclusivity:**

Following the payment of the reservation fee, rezee will facilitate a fixed exclusivity period of 60 days from draft contracts being issued. During this time the property will be reserved, so there will be no risk of gazumping.

**Process:**

Our process:

1. Register your interest

2. Prepare your finances for the purchase

3. Arrange a viewing

4. Make an offer

5. Secure your sale using our secure system

6. Exchange and complete

**Disclaimer:**

The property has a Ready Sale Pack, which gives additional information regarding the property. It is the Buyer’s responsibility to request & examine the Ready Sale Pack before committing to purchase the property. We advise you also carry out your own due diligence prior to making an offer.

The Buyer is required to verify their id & show proof of funds.

rezee offers additional services, such as conveyancing, financial advice, surveying & other services associated with selling & buying a property. rezee may receive a referral fee for these third-party services.

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.