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Situated in a sought after residential area and within walking distance of Southport town centre’s shops and amenities, this substantial, detached double fronted property offers accommodation over two floors and has been converted in to four self contained one bedroom flats. 8% Yield.
Situated in a sought after residential area and within walking distance of Southport town centre’s shops and amenities, this substantial, detached double fronted property offers accommodation over two floors and has been converted in to four self contained one bedroom flats.
The property has three apartments currently occupied on AST tenancy agreements. The property could also be flats or be utilised for holiday lets subject to all the usual permissions and licensing. The property has majority double glazing and retains many of the original features. The front of the property provides off street parking for several cars and to the rear there are communal areas. There are two communal entrances to the front of the property, one leading to the ground floor flats and the other to the first floor flats.
Current Rent collected: £500pcmX2, £430pcmX1 (total- £1430pcm). potential of £2000pm on full occupancy which works to around a 8% Gross Yield.
EPC ratings
Flat 1 - 40 square metres - EPC D Valid to 12.6.2035
Flat 2 - 45 square metres- EPC D Valid to 15.5.2035
Flat 3 - 46 square metres - EPC E Valid to 1.8.2035
Flat 4 - 46 square metres - EPC E Valid to 29.6.35 - Currently Vacant
Each Flat Contains- Communal Entrance leading to Private Entrance door
LOUNGE/KITCHEN: Laminate wood floor, UPVC double glazed window to bay to the front, double radiator.
(Kitchen Area) Fitted wall and base units, integral oven, 4 x hob with extractor over, single bowl stainless steel sink with mixer tap, part tiled walls.
BATHROOM: White three piece suite comprising bath, pedestal wash hand basin and W.C, tiled splash backs, single radiator, UPVC double glazed Opaque window to rear, Combi boiler.
BEDROOM: Laminate wood flooring, UPVC window to rear, Opaque window to side.
OUTSIDE: To the front of the property there is off street parking for several cars and to the rear there are communal areas.
