ARG 5411 39866381

DUBAI +971 58 820 1632

  • Units from £107,000
  • 10% net yield
  • Short term rentals allowed
  • 1 and 2 bed apartments, including duplexes
  • Excellent location by the river
  • 5 minutes walk from the centre
Residential apartments in the heart of
hull city centre

Di Salvo Realty presents a magnificent restored building in the heart of Hull’s historic city center quarter. Originally built in 1664 by the sheriff, this amazing building is part of Hull cities historical tour.

The property was transformed to offices in the late 90’s, when it was taken over as the Dutch Embassy. Planning was then achieved to convert this unique property into 12 self-contained apartments including duplex units.

When planning, it was prioritized to maintain the character of the buildings. This is noted by the open brickwork in certain areas, and at the same time modern touches were added, full of character.

The apartments were completed in November 2022 and finding tenants was not a difficult task given the huge demand in the area, so they are all fully rented. As an added bonus, it allows for short term lets, so investors can take advantage of the incredibly popular short term let market in Hull.

Location

The building is located in the heart of Hull’s town center, in what is known as Hull’s Old Town.

Old Town is a locally known stunning area of the city, popular for its old English pubs and eateries, rife with original architecture and brimming with culture. It attracts both locals and tourists, looking for light lunch or a relaxing evening out. This historic neighborhood is one of Hulls’ gems.

Some of the stand out places to visit in Old Town include the Hull and East Riding Museum of Archaeology, the Hepworth Arcade and the George Hotel.

  • 404 ft from Hull & East Riding Museum
  • 0.6 miles from Hull New Theatre
  • 0.7 miles from Train Station
  • 1.2 miles from Hull Royal Infirmary
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Kingston upon Hull or just Hull is in the county of East Riding of Yorkshire, 37 miles South East of York & 154 miles north of London.

Hull is located two miles north of the Lincolnshire border. It sits on the River Hull with the Humber Estuary, 25 miles inland from the North Sea. Close to the M62 and A63 it is easily accessible to Leeds, Manchester and Liverpool. P&O Ferries provide daily ferry services from King George Dock in Hull to Zeebrugge and Rotterdam.

The nearest airport is Humberside Airport, 20 miles away in Lincolnshire. Doncaster Sheffield Airport in South Yorkshire is 48 miles from Hull providing a wider choice of flights European destinations. The closest airport with intercontinental flights is Leeds Bradford Airport, 70 miles away.

WHY HULL?

Hull is a city where rental demand is high and where the average property price is well below the UK average. The local rental supply is severely limited, and as such rental values have been climbing for several years. 

Yields have been strong of recent times, and homes here have been appreciating at a steady pace. Land Registry data indicates that, across Hull, average house prices rose by +9.2% in the 12 months to January 2023.

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Key investment points
  • A growing population
  • Rising employment
  • Major inward investment
  • Rising demand for property and rentals
  • Very low property investment costs
  • A major city centre regeneration plan
  • Steady growth in high-value, future-proof sectors
  • A large university student population
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Opportunity Summary

  • 12 residential units in Hull city centre, UK
  • 1 and 2 bed apartments, including duplexes
  • Units from £107,000
  • 10% net yield
  • Short term rentals allowed
  • Excellent location by the river
  • 5 minutes walk from the centre
  • Ready-to-move units!

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