Aire Street
Goole, DN14 5QW
£1,350,000
We are delighted to present this outstanding multi-phase development in the heart of Goole as an investment opportunity. This established income-generating property comprises a sophisticated blend of residential and commercial units across multiple floors, offering immediate returns and significant expansion potential.
CURRENT INCOME STREAMS:
9 contemporary self-contained apartments (first, second & third floor)
2 ground-floor hotel rooms with dual access capabilities
Fully operational retail facility (leased)
Established fish shop (leased)
Letting agent premises (available for immediate lease)
EXCEPTIONAL FEATURES:
Renowned basement restaurant: fully equipped with exposed beams, spacious layout, and established local reputation - ready for immediate lease
Flexible hotel accommodation: easily convertible to Airbnb or staff quarters
Practical amenities: dedicated car park, flood-secure loft storage
Prime location: walking distance to town centre and main entertainment venues
DEVELOPMENT POTENTIAL:
Adjacent vacant space with existing planning permission for four maisonette-style HMO units spanning ground to first floor, plus basement storage facility - providing substantial additional income opportunities, such as secure storage.
This rare investment combines immediate rental yields with exceptional growth potential in Goole's thriving property market.
Property Investor Details
Utilities
£8,603
Council Tax
£0
Management fees Housemates
£14,000
Annual income
£140,529
Mortgage repayment*
£50,625
Gross yield
10.41%
Net yield
8.74%
Net yield remortgaged
19.94%
5 year ROI remortgaged
260.73%
*Calculated at 25% LTV with a 5% interest only mortgage. This value can vary subject to respective mortgage lenders.
Calculation Brochure and Property Management Solutions
Download the brochure for this property to see how we calculate the figures displayed above and get additional insight on how to maximise returns. Check out our buy-to-let management solutions as well for comprehensive and investor-friendly letting agent services.