Opportunity to purchase a 4-unit block in Hull generating £32,400 rent pa & gross yield of 7.6%

Kingston upon Hull is a port city in the county of East Riding of Yorkshire. This city lies on the River Hull at the point where it joins the Humber Estuary, 25 miles inland from the North Sea, 50 miles east of Leeds, 77 miles northeast of Sheffield and 154 miles north of London.

This city is serviced by Hull Paragon Interchange which is an integrated rail, bus and coach station in the centre of the city. Hull Paragon is managed by TransPennine Express and operates services predominantly on their North TransPennine route as well as several Northern routes and some services operated by Hull Trains and London North Eastern Railway. Hull Paragon acts as a terminus station for the majority of its services. TransPennine Express operates an hourly service to Manchester Piccadilly via Leeds and one train per day to Manchester Airport. Northern runs a route from Hull to Bridlington which operates every half hour, with some of these trains continuing on to Scarborough. Hull Trains operate a weekday service with seven trains per day to London’s King Cross. Bus services from this station run to a number of destinations within Hull, as well as to locations in the East Riding and north Lincolnshire. There are also distant bus services to locations such as Humberside International Airport, Scunthorpe, Grimsby and Leeds City bus station.

As Hull is the largest settlement in the East Riding of Yorkshire and serves as the major transport hub in the region, it has naturally become the focus of the retail district in the region. The city centre has three main shopping centres; St Stephen’s, Princes Quay and the Prospect Centre. The largest of these is the Princes Quay, which houses over 80 retail outlets over 4 floors and includes a 10-screen cinema and a food court. Major department stores such as Debenhams and House of Fraser can be found here as well as other high street favourites. Hull in rich in culture and so has many museums and galleries that are of national importance. The Museums Quarter is a development just off the High Street and includes the Wilberforce House, Hull Maritime Museum and the Ferens Art Gallery.

In recent years, due to the decline in fishing, the economic regeneration of the city has relied heavily on the manufacturing industry, the retail sector, tourism and further and higher education. The manufacturing industry in the city is focused on the chemical and healthcare sectors. Several well-known British companies such as BP, Smith & Nephew and Reckitt Benckiser all have facilities in Hull. The healthcare sector is further enhanced by the research centres at Hull University, provided by the Hull York Medical School partnerships and the Institute of Woundcare. Its City of Culture award in 2017 helped send it on an upward trajectory of growth and over £1.5 billion of regeneration capital has been injected in the last eight years.

Hull has over 100 local schools and the highest achieving state school in town is Malet Lambert School, which educates children to the age of 11. For those looking for higher education there is Hymers College and Hull Collegiate School, both of which offer A-levels, NVQs and apprenticeships classes.