15 bedroom block of apartments for sale
Key information
Property description & features
- Tenure: Freehold
- Eight Apartments
- One HMO
- 8.25% Gross Yield
- Modern Throughout
- Communal Courtyard and Terrace
- Fantastic Intercom System
- Ready Made Investment Opportunity
- Being Sold with Tenants in Situ, Block at full occupancy
- This Apartment Block is Situated in a Bustling Area of Southport
- Call Today to Book Your Viewing!
Comprising of eight apartments and one HMO, this secure block makes for a rare investment opportunity. All apartments are fully tenanted and are being sold with tenants in situ, so this is a ready-made investment opportunity with rental income available from completion.
There are an array of onsite facilities. Tenants can enjoy a communal garden and courtyard, alongside a modern intercom system.
Apartment One (44 Sq Meters): One Bedroom, One Bathroom. Rent received: £750 PCM.
Apartment Two (42 Sq Meters): One Bedroom, One Bathroom. Rent received: £650 PCM.
Apartment Three (28 Sq Meters): Studio. Rent Received: £600 PCM
Apartment Four (78 Sq Meters): Two Bedrooms, One Bathroom, One En-Suite. Rent Received: £950 PCM.
Apartment Five (50 Sq Meters): One Bedroom, One Bathroom. Rent Received: £700 PCM
Apartment Six (27 Sq Meters): Studio. Rent Received: £700 PCM
Apartment Seven (38 Sq Meters): One Bedroom, One Bathroom. Rent Received: £725 PCM
Apartment Eight (106 Sq Meters): Three Bedroom, One Bathroom, One En-Suite. Rent Received: £1,100 PCM
Apartment Nine (HMO) (120 Sq Meters): Room One: £585 PCM, Room Two: £585 PCM, Room Three (En-Suite): £600 PCM, Room Four (En-Suite): £600 PCM
This property has an excellent gross yield of 8.25%, which presents a great opportunity for any investor looking to expand their portfolio.
Location wise, this apartment block is situated in a bustling area of Southport just around the corner from the £1.4 million Southport Market redevelopment. There's a number of shops, bars, restaurants and cafes in the local area to contribute to high tenant demand into the future. Both rental growth and growth on property values are anticipated across the North West over the next 5 years according to Savills' latest Residential Property Market Forecast.
Contact our friendly team today to book your viewing!
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Broadband availability and predicted speed
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