Unit Pick of The Week 10/09-2020
Every week the Hoxton Property team picks one unit at one of our developments. First out is one of our completed developments in Hull, this unit is ready to generate income straight away.
Tivoli House, Hull
Hull is a city with pulling power. Ranked as one of the best locations for businesses in the UK, the city now has more jobs than ever before. More than one million people live in Hull and its immediate hinterland, with a further nine million people living within a two-hour drive.
The regeneration of Hull’s heart is well under way. More than 100 businesses have already opened in Hull’s beautiful, recently transformed city centre, alongside £220 million of new investment in city centre retail and leisure outlets.
As the UK’s City of Culture, Hull is now one of the north’s most desirable places to live. The city is continuing to put on an incredible programme of huge acts, festivals and installations.
This is the first surge in inward investment resulting from major commercial projects. The development will stand as one of the most marketable properties in the city. Pitches squarely at discerning professional tenants, its apartments will be modern, light and airy, well equipped and exceptionally well located.
Unit number 213
Rental Yield 7.14% NET
Rental Income £484 (per month)
Capital Growth 6% (per year)
Estimated Return on Investment 65.7% (over 5 years)
Completed development Instant income generator
Stamp Duty £2,443 (paid upon exchange)
Legal Fees £1,600
£5,000 reservation fee
100% upon Exchange of contracts (minus reservation fee)
Managed and tenanted by Fortem Property Management (on behalf of Hoxton Property) for £55 per month
Key Investment highlights
Hull is one of the UK’s property investment hotspots
High returning yields and est. growth
High rental demand
Estimated population growth by 10% by 2022
Completed development – Ready to generate income straight away
If you are interested in this particular unit or wish to hear more about our other stock please send us an email on email@example.com