Lot 27 - Wednesday 7th April 2021 -71 & 71a Hampton Road, Southport, Merseyside, PR8 6QD

For Sale by Online Auction 7th April 2021





WHY BUY?



7 x Self-contained units

Income when fully let £42,600pa

Ideal long term rental investment

Close to Southport Town Centre



DESCRIPTION

This is a large detached property that has been configured to provide 6 x self-contained flats as well as a large detached one bedroom bungalow which has been built within the grounds to the rear of the main building. The entire property is double glazed with parking to the front and a large maintained garden to the rear. There are 2 Landlord secure storage cupboards within the main building. The property also benefits from an integral fire system in the building with detectors in each flat and communal hallways, emergency lighting and fire call points are on the stairwells. There is an intercom system to flats 2-6. Flat 1 and the bungalow each have their own private entrances. The property is 85% occupied with 5 flats currently let, one flat has a let agreed and the final flat is currently being vacant ready for new tenancy. At present the passing income is £29,400pa, but when fully occupied the rental income is £42,600pa.



LOCATION

Accessed just off of Scarisbrick New Road and under 10 minutes walk away from Southport Rail Station and Southport District Hospital. Southport Town Centre is walkable and has a wide range of amenities, shops, bars and restaurants.





ACCOMMODATION



71A ( The Coach House ) Tenancy start date 28th January 2021. This tenant has moved from Flat 1, original tenancy here started 2nd July 2019

This property has 1 double bedroom, a living room with separate kitchen off, there is a bathroom with overhead shower. It has a central heating system and double glazing. This unit has its own garden. The loft area is fully boarded and there is sufficient room to expand to create 2 bedrooms and a bathroom. Let on AST at £550pcm/£6,600pa

Flat 1 - Currently vacant as tenant just moved to 71a and is in the process of being redecorated. This flat benefits from its own private entrance. It has 2 double bedrooms, living room with a separate kitchen off, shower room and a separate cupboard for a washing machine. There is a back door leading into the rear garden. Was previously let on AST at £550pcm/£6,600pa

Flat 2 - 1 x double bedroom, shower room, living room, kitchen - Let at £450pcm/£5,400pa

Flat 3 - 1 x double bedroom, shower room, open plan kitchen/living room - Currently let on AST at 450pcm/£5,400pa

Flat 4 - Has just recently become vacant, but a new tenant has already been agreed. This has 1 x large double bedroom, single bedroom, lounge, separate kitchen and shower room - Let agreed at £550pcm/£6,600pa

Flat 5 - 1 bedroom flat with an open plan kitchen off the living space, shower room. Currently let on AST at £450pcm/£5,400pa

Flat 6 - Top floor - 2 x bedroom, an open plan kitchen off the living space, plus a bathroom with electric shower. Currently let on AST at £550pcm/£6,600pa

Outside: Communal parking to front, communal gardens to rear



NB - Venmores have not carried out an internal inspection 



AUCTION FEES


The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1250 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.