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National Residential are delighted to present this outstanding terrace block, consisting of 2 ground floor commercial shops and 6 flats, fronting King Street in a busy main road position within close proximity to local amenities. With numerous shops and amenities right on the doorstep, and regular buses to New Brighton, Wallasey, Birkenhead, and Liverpool City Centre (only 6 miles away through the tunnel), this is a prime investment opportunity.
When fully occupied, this property generates an impressive gross yearly rental income of £30,259.92, translating to a gross monthly rent of £2,521.66. Operating expenses are minimal, covering only building insurance and general maintenance.
Priced competitively at £240,000, this investment offers an outstanding gross rental yield of 12.61%, with realistic potential for future rent increases to further enhance overall yields.
This substantial property consists of:
' Two ground floor shops: Currently undergoing refurbishment, due to open in approximately 4 weeks as a baby clothing shop and a sunbed studio.
' Six flats: Each building has 3 flats - ground floor, first floor, and second floor.
'
The property is ideally located within a short walking distance to local amenities, bus links to Liverpool, and popular primary schools, making it an attractive choice for potential tenants.
With no additional ground rent or service charges, this property offers exceptional potential for investors seeking a lucrative rental income.
Don‘t miss out on this fantastic investment opportunity. Viewings are highly recommended to fully appreciate the potential of this property. For further information and to arrange a viewing, please contact our dedicated specialist sales advisor. Secure your viewing today and take the first step towards a smart investment in Wallasey!
This property is ONLY available for purchasers who are NOT in a chain.
1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer‘s interests to check the working condition of any appliances.
'By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website. Back to listing
Full details for 6 Bedroom For Sale in Wallasey
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Description
'' Unmissable Investment Opportunity on King Street in Wallasey ''National Residential are delighted to present this outstanding terrace block, consisting of 2 ground floor commercial shops and 6 flats, fronting King Street in a busy main road position within close proximity to local amenities. With numerous shops and amenities right on the doorstep, and regular buses to New Brighton, Wallasey, Birkenhead, and Liverpool City Centre (only 6 miles away through the tunnel), this is a prime investment opportunity.
When fully occupied, this property generates an impressive gross yearly rental income of £30,259.92, translating to a gross monthly rent of £2,521.66. Operating expenses are minimal, covering only building insurance and general maintenance.
Priced competitively at £240,000, this investment offers an outstanding gross rental yield of 12.61%, with realistic potential for future rent increases to further enhance overall yields.
This substantial property consists of:
' Two ground floor shops: Currently undergoing refurbishment, due to open in approximately 4 weeks as a baby clothing shop and a sunbed studio.
' Six flats: Each building has 3 flats - ground floor, first floor, and second floor.
'
The property is ideally located within a short walking distance to local amenities, bus links to Liverpool, and popular primary schools, making it an attractive choice for potential tenants.
With no additional ground rent or service charges, this property offers exceptional potential for investors seeking a lucrative rental income.
Don‘t miss out on this fantastic investment opportunity. Viewings are highly recommended to fully appreciate the potential of this property. For further information and to arrange a viewing, please contact our dedicated specialist sales advisor. Secure your viewing today and take the first step towards a smart investment in Wallasey!
This property is ONLY available for purchasers who are NOT in a chain.
1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer‘s interests to check the working condition of any appliances.
'By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website. Back to listing
