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ANCHOR HOUSE Anlaby Road, Hull, HU3 2PB

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ANCHOR HOUSE Anlaby Road, Hull, HU3 2PB Residential Investment Opportunity ANCHOR HOUSE Anlaby Road, Hull, HU3 2PB Hull Royal Infirmary Residential Freehold Investment opposite the Hull Royal Infirmary currently 96% let Investment Considerations ■ Unbroken Freehold Investment comprising 57 ■ Currently 96% let, producing £369,928 per annum ■ An asking price offer of £3,100,000 reflects an ensuite bedrooms in total, arranged as follows: (annualised gross income) attractive gross yield of 11.9% ■ 12 self-contained flats (11 x one bed and 1 x ■ Located opposite the Hull Royal Infirmary and within ■ For the 12 months to October 2020, total utility bills two bed) 0.5 mile of the city centre, both of which generate (including internet and council tax) for the building ■ 44 ensuite bedrooms with shared kitchen and good rental demand for the property equated to approximately £55,000. The asking price living facilities therefore represents an attractive yield (net of bills) of ■ Tenant employers include: Siemens, Yorkshire Water 10.1% ■ Extensive shared kitchen / living and gym facilities, and Hull Royal Infirmary including parking to the front of the property Anchor House Anlaby Road, Hull, HU3 2PB Location The subject is located on Anlaby Road in Hull, East Riding of Yorkshire. Hull lies alongside the Humber estuary, and is positioned approximately 25 km (16 miles) inland of the east coast of England. The city is well connected via the A63 linking to the M62 Motorway, providing routes to Leeds, Sheffield, York and the A1 Motorway in the west. Hull Train Station provides a number of direct trains to London with journey times of 3 hours and regular links to Leeds and York each within 1 hour respectively. Hull was awarded the UK Capital of Culture for 2017, still proving highly beneficial to the city. By the end of the first week of the year, the BBC reported that in excess of 340,000 visitors had attended Capital of Culture events. By the end of the year Hull attracted 3.5 million visitors and in excess of 50 new businesses opened. Hull City Centre is currently undergoing a £250 million transformation including investment in public spaces, retail and leisure as well as attracting 100 new businesses to the city. The refurbishment of the city centre landmark ‘Europa House’ has recently been approved, set to bring approximately 600 new jobs to the city. Situation Anchor House is situated on Anlaby Road, approximately 0.5 mile to the west of the city centre. The Train and Bus Station in Hull is located 0.4 mile from the subject, also on Anlaby Road, to the East of the property. Both the train station and city centre are only a short walk from the property. St Stephens Shopping Centre, which adjoins the train and bus station, provides a good selection of local and national shops and amenities. The property is positioned on the same road of and directly opposite the Hull Royal Infirmary. Hull Royal Infirmary is a teaching hospital and one of the two main hospitals in Hull, operated by Hull University Teaching Hospitals NHS Trust. Its position on Anlaby Road dates back to the 1960’s and the hospital has seen significant investment over the years since. Most recently, a £60m major development plan began in 2020 providing improved overall patient services and improved facilities. The hospital is part of a major trauma network specialising in treating patients who suffer from major trauma across East and North Yorkshire and the Humber region. It also has a dedicated Centre for Magnetic Resonance Investigations on site which houses two MRI scanners. It also houses the dedicated Hull Royal Eye Hospital which provides tertiary level sub-speciality ophthalmic care. Green Port Hull, a major success story of the Capital of Culture crown has resulted in the investment of over £310million in offshore wind turbine production, by Siemens in Hull. This investment has directly created 1,000 new jobs during the construction phase and many more in the supply chain. Anchor House Anlaby Road, Hull, HU3 2PB Anchor House Anlaby Road, Hull, HU3 2PB Tenure Current Income / Expenditure Freehold. Anchor Court/ House is currently 96% let. The majority of flats/ rooms are currently let on a weekly rate, with the building currently producing £7,114 per week. This equates to an annualised gross Description income of £369,926 per annum. The subject comprises Anchor House and Anchor Court, both of which are inter-connected A full breakdown of current passing rent is available on the data room. buildings occupying the same site and Freehold. Rents are inclusive of electric, gas, water, council tax, internet and TV license (where applicable). In the main, the property is brick built and has accommodation over two storeys, with an We understand the cost for all of these utilities over the past 12 months has equated to £55,378. additional storey in part, surrounding an internal communal courtyard / garden which provides The data room also provides a breakdown of these operating costs. seating/ tables and a brick built BBQ. There is ample parking to the front and gated parking at the rear. There is currently a building manager/ caretaker who lives at the property and is paid £11,000 per annum to oversee general management. Flatted accommodation briefly comprises 12 self-contained flats (11 x one bed and 1 x two bed) and 44 ensuite bedrooms with shared kitchen and living facilities. Please refer to the data room for a full breakdown. Additional Information Viewing Information Anchor House Anlaby Road Additional information can be found via the following data room: The subject will be subject to block viewing arrangements and will not be Hull, HU3 2PB https://datarooms.allsop.co.uk/register/Anchorhouse. available for viewing internally outside of these times. Please contact the office to register your interest. Method of Sale The subject is for sale by way of Private Treaty; however we reserve the Energy Performance Certificates right to conclude the marketing by an Informal Tender process. EPC’s can be viewed / downloaded on the data room. Asking Price Offers are invited in excess of £3,100,000 subject to existing tenancies, subject to contract. Contacts For further information or to make viewing arrangements, please contact: Jack Robson 07899 895262 [email protected] James Wilson 07825 205489 [email protected] Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective allsop.co.uk purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. .
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