With 100% of phase one now sold, Assetz is delighted to launch phase two at Bank Apartments, an exclusive new development of studio, 1- & 2-bed properties located in the centre of the 2017 UK City of Culture, Hull.
With discounts of up to 27% secured from the RICS valuation, this presents an outstanding opportunity to invest in a city which is chronically undersupplied of property of this quality and crying out for new high-end apartments.
Work is already underway on site, which is a mixture of conversion and new build, transforming the cityís old Lloyds Bank building into a highly desirable new living destination. There is 10% deposit protection, a 10-year CRL warranty with a 125-year lease and finance available (subject to status and lenderís criteria).
Bank Apartments includes a lift and cycle storage, with parking secured by electric gate entrance available to purchase.
Each stunning apartment will feature engineered flooring throughout, a Howdens kitchen with white tiled splash back and unit under lighting, electric fan oven with touch control ceramic hob and canopy extractor, fully integrated dishwasher and washer/dryer plus a cabled tv socket for Sky and broadband. The bathroom features a heated towel rail, ceramic tiled flooring and walls, a white bathroom suite and a glass shower screen. The communal areas feature CCTV covering the main points of access and lockable storage space provided for each apartment in the basement.
With excellent discount secured and extremely strong rental demand for properties of this type in the city, Bank Apartments will deliver strong rental yields for investors from day one which will only increase as Hull continues its transformation.
The 2017 UK City of Culture was an overwhelming success for Hull. In just 12 months £60m was generated for the economy with over 3.5m people visiting the city. It has since secured its legacy with a further £250m investment confirmed for the cityís infrastructure.
Businesses too have been keen to take advantage of this success, providing extra private investment to match the public initiative and over 40 new businesses opened. Just across the road from Bank Apartments, the council has committed to the £130m redevelopment of Albion Square and Bond Street to enhance its leisure and retail offerings. All of this will make Bank Apartments the place to live for professional tenants in the city.
*Images are indicative of final product and used for illustration purposes, please contact a property consultant for a full specification breakdown.
Risk Warning and Disclaimer:
The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.