5 bedroom block of apartments for sale

ATTENTION INVESTORS. Northwood are pleased to present an excellent investment opportunity close to the centre of Southport. The four separate apartments are in excellent condition throughout, and each sold with tenants in situ. This is a fantastic opportunity for landlords looking to build on their property portfolio or indeed prospective buy to let investors.

57 Manchester Road is the first apartment and positioned to the front of the building. This ground floor, 1 bedroom accommodation is accessed via its own private entrance and comprises an open plan living/kitchen area, bedroom, full 4-piece bathroom and large walk in storage room off. The apartment is tastefully decorated and finished with laminate and tiled flooring and ceiling spotlights. The kitchen is modern and features fully integrated appliances. Current tenant has been here for 1 year and keen to stay. Current rent: £625pcm

1A Marlborough Gardens is positioned above the first mentioned apartment. This is a first floor, 1 bedroom apartment, accessed via a UPVC door at the side of the building. Accommodation includes an entry phone system with an open plan living room/kitchen with large bay window to the front aspect, bedroom with built in wardrobes and bathroom. All rooms are nicely presented and maintained to a good standard. The kitchen is finished with gloss cabinets, fully integrated appliances and black worktops which extend into a breakfast bar and opening the space into the bright and light living area. Current rent: £595pcm.

1B Marlborough Gardens is on the top floor of the building and the largest of all the apartments. This is a multi-level accommodation and includes an entry phone system. There is a large kitchen/living room with large window to the front aspect, master bedroom with fitted wardrobes, a further double bedroom also with fitted wardrobes and a family bathroom. Current rent: 765pcm

1C Marlborough Gardens is positioned at the rear of the building and has the added benefit of being accessed via its own private entrance. Accommodation inside is well presented and well kept, comprising an open plan kitchen/living room, bedroom with storage area off and a staircase leading to a large bathroom  complete with built in storage, a separate bath and shower cubicle. The kitchen includes fully integrated appliances. Current rent: £600pcm

Total Monthly Income: £2,585

Total Annual Income: £31,020 giving this investment a yield in excess of 9% 

Externally the building is set back from the road and has a large driveway/car park at the front of the building providing each apartment with unallocated parking. This area has a tarmac surface with a shrub border and has great curb appeal. Marlborough Gardens is private and runs along the side of the building and has a small communal area providing outside garden space to the apartments.

Overall, this is a ready to go investment opportunity with all apartments being fully let and very well kept by the respective tenants. Current vendor/ landlord has maintained this property to a high standard.