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

A freehold development opportunity of a Grade II Listed former mill with full planning approval for conversion into 20 self-contained apartments, including 2 large penthouse apartments. The property spans four floors and features a new Building Regulations-approved metal staircase, with the top floor already studded out and equipped with Velux windows and constructed balconies. Some windows have been replaced, and an electrical supply has been installed. The building is currently a shell, allowing for significant redevelopment potential. The neighboring industrial building is set to be demolished to create parking for the apartments, although it is currently let on a 12-month business tenancy at an annual rent of £5,198. The first phase of the development next door comprises 22 apartments generating an annual rental income of approximately £160,000. The approved plans allow for a mix of one- and two-bedroom apartments, catering to the local rental market. Located on Wincolmlee beside the River Hull, the property is within walking distance of the city center and Hull Marina, in an area undergoing significant regeneration. Mains water, drainage, and electricity are connected, but services have not been tested and may require upgrading. The property is being sold as seen, including remaining contents. Tenure is freehold with part vacant possession upon completion, subject to the tenancy of the neighboring building.