22 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Freehold
- Fantastic investment opportunity
- 10 two bedroom and 2 one bedroom apartments
- Three garages
- Potential rental income of £93,600
- Nine car parking spaces
INVESTMENT - BLOCK OF 12 FLATS – 3 GARAGES - FREEHOLD
We are delighted to present this fantastic investment opportunity to purchase the freehold of a purpose-built detached block of twelve self-contained apartments. In the convenient location of Prenton, close to local shops, schools and amenities and within walking distance of Oxton Village.
Development Overview:
The three-storey building comprises ten two-bedroom, two one-bedroom apartments and three garages as well as nine private parking spaces at the rear. Access to apartments via a communal entrance at the front of the building, main staircase and secure keypad entry to each floor. All apartments have UPVC Double glazed windows, electric storage heating, intercom phone system and are Council Tax Band A.
11 of 12 flats currently tenanted achieving £525pcm - £625pcm rental income with great potential to increase earnings with investment.
Current income of £70,500 per annum
Potential income of £93,600 per annum, resulting in 7.8% yield based on asking price
EPC Rating:
Apartments 2-3 EPC Rating: D
Apartment 7 EPC Rating: B
All other apartments EPC rating: C
Places of interest
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Property reference P1557. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Northwood - Wirral.
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Broadband availability and predicted speed: obtained from Ofcom on April 22, 2022
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Mobile phone signal availability and predicted strength: obtained from Ofcom on April 22, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on January 2, 2019 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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