Lot 27 - Wednesday 20th October 2021 -7 Euston Grove, Prenton, Merseyside, CH43 4TY

For Sale by Online Auction 20th October 2021





WHY BUY?



5 x self-contained flats

Front & Rear Driveway for Ample Parking

Current income £20,412

Potential to add rental/capital value

Significant Investment from Current Vendor



DESCRIPTION

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 £1,701pcm/£20,412pa. Following a rent review, there is potential to increase the rental income to circa £1875pcm/£22,500pa. Each flat is fully self-contained with their own kitchen/kitchenette, bathroom and bedroom. There are 3 x one-bedroom units and 2 x studio units. We are reliably informed that the building has been well maintained with significant investment via the current owner.  There is potential to increase the size of some of the flats by extending to the rear (subject to Planning) and possible reconfiguration to increase capital value and rental income to circa £30,000pa. Other similar properties have gone into the basement to provide further rentable accommodation. 



LOCATION

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. 





ACCOMMODATION



Flat 1: Ground floor – Entrance hall, bedroom, kitchen/living room, shower room - Let at £350pcm/£4,200pa

Flat 2: Ground floor – Entrance hall, living room/bedroom, kitchen, shower room - Let at £286pcm/£3,432pa

Flat 3: First floor – Entrance hall, living room/bedroom, kitchen, shower room - Let at £295pcm/£3,540pa

Flat 4: First floor – Entrance hall, bedroom, kitchen, living room, shower room - Let at £395pcm/£4,740pa

Flat 5: Second floor – Entrance hall, bedroom, kitchen/living room, shower room - Let at £375pcm/£4,500pa

Outside: Parking to front, and rear



TENURE

Freehold





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.