News

The Pervaiz Naviede Family Trust (PNFT) has today submitted an offer for a residential investment in the city of Hull which is being sold by Eddisons on behalf of receivers.

Manchester-based agents Zameero Ltd made the bid on the ‘Urban One’ development on Spring Street located 500 metres north of the city’s railway station and a short walk from St Stephen’s Shopping Centre.

The investment comprises 34 apartments including the freehold with an estimated rental value (ERV) of £195,310 per annum. The Trust has offered £1,400,000 which represents a gross yield of 13.95%.