For Sale by Online Auction 7th July 2021
5 x self-contained flats
Double glazed & central heating
Front driveway for four cars
Current income £23,940pa
Potential to add rental/capital value
This is a large semi-detached property that has been configured to provide 5 x self-contained flats that are all currently let on AST agreements with a combined income circa £1,995pcm/£23,940pa. Each flat is fully self-contained with their own kitchen, bathroom and bedroom. There are 4 x one bedroom units and 1 x two bedroom unit. There is potential to improve the condition of the building/flats as well as increasing the size of some of the units by extending to the rear and putting dormers into the roof and increase capital value and rental income to circa £30,000pa. There is currently one boiler that heats the building and the landlord covers this cost. Ideal rental investment with yield returns circa 10%.
Close to the junction with Balls Road close to Oxton Village on the outskirts of Birkenhead. There are numerous shops, bars and restaurants within walking distance. Birkenhead Town Centre is only 1 mile away.
Flat 1: Ground floor – Entrance hall, bedroom, bathroom, kitchen/living room - Let at £400pcm/£4,800pa
Flat 2: Ground floor – Entrance hall, bedroom, bathroom, kitchen/living room - Let at £400pcm/£4,800pa
Flat 3: First floor – Entrance hall, bedroom, bathroom, kitchen/living room - Let at £395pcm/£4,740pa
Flat 4: First floor – Entrance hall, bedroom, bathroom, kitchen/living room - Let at £380pcm/£4,560pa
Flat 5: Second floor – Entrance hall, 2 bedrooms, bathroom, kitchen/living room - Let at £420pcm/£5,040pa
Outside: Parking to front, garden 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.