High Flags Mill 1, 192 Wincolmlee, Hull, East Yorkshire, HU2 0PZ

This property is a Grade II Listed former mill located on Wincolmlee beside the River Hull, within a historic riverside quarter of Hull. It has full planning approval for conversion into 20 self-contained apartments, including 2 large penthouse units on the top floor. The building spans four floors and is currently a shell, with a new metal staircase installed, and the top floor studded out with Velux windows and balconies. Some windows have been replaced, and an electrical supply has been installed. The property is free of pigeon infestation. The first phase of the development next door comprises 22 apartments generating an annual rental income of approximately £160,000, with rents ranging from £600 to £875 per flat. The second phase will include a mix of one- and two-bedroom apartments, with parking planned on the site of a neighbouring industrial building that is currently let on a 12-month business tenancy at a rent of £5,198 per annum. The property is being sold as seen, with mains water, drainage, and electricity connected, though the services have not been tested. The tenure is freehold with part vacant possession upon completion, subject to the existing tenancy on the neighbouring building. The location offers proximity to the city centre, Old Town, and Hull Marina, set within an area undergoing significant regeneration.