Coltman Street, Hull

This property represents a noteworthy freehold investment opportunity, consisting of five self-contained flats with a solid rental income and long-term tenants. The established annual income stands at £29,700, and there is significant potential for increasing returns as some rents may be below current market value. The configuration includes two 2-bedroom flats, two 1-bedroom flats, and one 3-bedroom flat, all equipped with individual gas and electricity meters and secure intercom entry systems. Four tenants have resided in their respective flats for over five years, ensuring a reliable income stream. Recent improvements include installation of double-glazed sash windows (with planning approval), newly felt roofs on the bay and entrance canopy, and updated gas boilers in three units. Additionally, the property benefits from a separate rear plot measuring approximately 300 square metres, which offers promising development possibilities subject to planning consent. This is an excellent prospect for investors seeking a stable asset with existing yields and opportunities for enhancement.