- Units from £95,000
- 10% off market value
- 6% net yield
- 1 and 2 bed apartments
- 47 apartments in 6 floors
- 8 minute walk to the train station
- Completion date: Q3 2022
Residential apartments in hull city centre
Built on seven storeys, the building is located in Hull city centre, close to the headquarters of many major employers, banks, shops and the City Hall. Also nearby are educational institutions (including Hull College) and the head office of Hull City Council, which lies just the other side of a picturesque park: Queen’s Gardens.
The building is the subject of a multimillion pound conversion scheme that will see a city centre office building transformed into some of the city’s most prestigious residential units.
The building itself comprises six residential storeys built over existing commercial units on the ground floor, and a basement level that will accommodate a lobby, secure cycle park and storage. It will retain its brick façade but the interior will be wholly remodelled. Refurbished to the latest standards of safety and energy efficiency, it promises tenants a stylish,comfort ble living environment, coupled with very low running costs.
Offering a choice of apartment sizes and configurations, these apartments have been designed to appeal strongly to the city’s more affluent and demanding clients. Together with a convenient central location, they boast options including terraced balconies, separate workspaces/studies, and a host of modern features.
These features include not only an array of energy efficient white goods, but attractive extra touches such as self- demisting mirrors in bathrooms, instant hot water on tap, and power sockets with integrated USB charging points.
Location
Hull, is a port city and unitary authority in the East Riding of Yorkshire, England. It lies upon the River Hull at its confluence with the Humber Estuary Located just 200m from Hull City Council’s offices, and 600m from the city’s main bus and rail interchange, George House is ideally positioned to benefit from Hull’s rising fortunes.
Named the UK City of Culture 2017-2021, Hull has been gaining considerable recognition in recent years. The city has been attracting new, inward investment on a truly massive scale.
In recent years, it has secured over £3 billion of investment, and more than £1 billion of commercial projects and infrastructure projects are currently in progress. For a city with a population of just 260,000, that’s a great deal of economic activity concentrated in a relatively small area.
Why Hull?
- £6.2 billion economy
- £1.260 regional growth expected by 2026 (10.8%)
- Es una ciudad en crecimiento con escasez de viviendas de alquiler, generando un fuerte aumento en los precios para alquilar
- Population growth of +28,000 is expected by 2035
- An additional 6,500 jobs are expected to be created by 2026
- Growth in the business population
- Aumento del nivel de vida y mayores ingresos disponibles
- Employment increase: +20,000 since 2013
OPPORTUNITY SUMMARY
- 1 and 2 bed residential apartments
- Located in Hull city centre
- Units from £95.000
- 10% off market value
- 6% net yield
- 8 minute walk to train station
- Completion date: Q3 2022
