Asking price

£850,000

27 bedroom Detached Flat for sale, Hull, East Riding, HU1

Albion Street

27
27

Property ref: HUL220768

Council Tax: Hull City Council Band H
Tenure: Freehold
  • One of Hull's finest Grade 2 listed Buildings
  • Originally built for Queen Victoria's physician - Sir James Alderson see The Townhouse - Wikipedia
  • City Centre Living - within HCC development zone
  • Planning Permission to Convert to 11 self-contained apartments
  • Additional Opportunity to run as existing 27 en-suite room professional lets

Exciting Investment/ Development Opportunity!

The pin shows the exact address of the property 

Introducing an exciting investment and development opportunity! The Townhouse, an imposing Grade II listed property brimming with history and character, is situated in the heart of Hull City Centre.

This property offers tremendous potential, as planning permission has already been granted to convert it into 11 self-contained 1 and 2 bedroom apartments, complete with allocated parking. This presents an excellent opportunity for developers or investors looking to capitalize on the thriving rental market.

Currently, the property is being used as a 27-bedroom scheme, providing en-suite rooms to professionals. This existing rental scheme offers immediate income potential while the conversion takes place.

With its prime location in Hull City Centre, residents of the future apartments will have easy access to all that the vibrant city has to offer. From an array of restaurants and bars to theatres, cinemas, and excellent shopping opportunities, Hull caters to a diverse range of interests. Additionally, the city boasts beautiful outdoor spaces for leisure and recreation.

This is a truly exciting opportunity to acquire a stunning Grade II listed property in the heart of Hull City Centre. Whether you choose to continue with the current rental scheme or embark on the planned conversion, the potential for return on investment is significant. Don't miss out on this unique chance to be a part of Hull's dynamic property market.

Room Notes
Property InformationExciting Investment / Development Opportunity!An exciting opportunity to purchase this stunning Grade 2 listed property right in the heart of Hull City Centre. The Townhouse represents an ideal investment due to the significant returns currently being generated in its existing format as 27 bedrooms with shared bathrooms and kitchens to professionals, (details of which can be provided) with the added benefit of planning permission to convert to 11 self-contained apartments with allocated parking.The Townhouse has a wealth of history and has been described as one of Hull's finest buildings. Queen Victoria commissioned the building for her personal physician Sir James Alderson in 1846. Many features of the original building have been maintained, such as the sweeping staircase and ornate pillars. Modern new features include an Italian marble reception area.For more information or to view, please call the Reeds Rains office in Hull on 01482 709980Planning reference 22/00728/FULL

IMPORTANT NOTE TO POTENTIAL PURCHASERS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

Use our calculator to see how much Stamp Duty you may pay if you buy this property.   

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This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022. For more information on Stamp Duty Land Tax, click here.

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