For Sale by Online Auction 19th May 2021
5 x self-contained flats
Immediate Rental income £16,044 pa
Scope to increase rental income
Potential to add capital value
This is a large end terrace property that was converted to provide 4 x one-bedroom flats and 1 x studio flat. One flat is currently vacant which is in need of refurbishment prior to letting. There is scope to add capital value with the refurbishment of the vacant flat and also increase current rental income. Subject to some minor upgrade of the existing flats, full rental income could be in the region of circa £23,500pa. Two of the flats have their own private entrance while the other three share a communal entrance to the side of the property. There are long-standing tenants at the property, making this an ideal long-term investment.
Woodchurch Lane is accessed direct from Woodchurch Road in Prenton. Close to Sainsburys and numerous shops within walking distance. Birkenhead Town Centre is only 1.5 miles away and Liverpool City Centre is only 5 miles through the Queensway Tunnel.
Flat 1: Private front entrance - Ground floor: Bedroom, Bathroom, kitchen, living room
Flat 2: Side communal entrance - Ground floor: Kitchen, living room, bedroom,
Flat 3: Private rear entrance - Ground floor: Bathroom, kitchen/living/bedroom
Flat 4: Communal side entrance - Over first/second/third floor: kitchen, bathroom, living room, bedroom - needs refurbishment
Flat 5: Communal side entrance - first floor: kitchen, living room, bathroom, bedroom
Outside: On-street parking to the front, yard to rear
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.