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A unique proposition to buy an amazing property on the edge of Birkenhead Park, with great access to amenities.
The property comprises eight apartments, currently yield £48,108 per annum at a 7.4% yield. The property comes as a ready-made investment with the freehold.
INVESTMENT OPPORTUNITY
A unique proposition to buy an amazing property on the edge of Birkenhead Park, with great access to amenities.
The property comprises eight apartments, currently yield £48,108 per annum at a 7.4% yield. The property comes as a ready-made investment with the freehold.
Having been lovingly restored by the current owners into an outstanding block of apartments, this traditional, semi-detached property right on the edge of the famous Birkenhead Park, UNESCO heritage site, is not to be missed. The property is also ideally located close to a wealth of amenities including transport links & shops to allow for a constant stream of good tenants.
There are eight apartments, seven 1 bedroom units and one 2 bedroom, in the building based over the four main stories of accommodation, with several units based over more than one level.
All of the properties are currently let out on Assured Shorthold Tenancy agreements and have been managed long term through ourselves as an agent, with long term relationships with the landlord and tenants.
Currently the information on the apartments and rental amounts are as follows;
Flat 1 (2 Bedrooms) Approx 1054 sq. ft. currently achieving £699pcm
Flat 2 Approx. 301 sq. ft. currently achieving £440pcm
Flat 3 Approx. 365 sq. ft. currently achieving £440pcm
Flat 4 Approx. 441 sq. ft. currently achieving £550pcm
Flat 5 Approx. 355 sq. ft. currently achieving £440pcm
Flat 6 Approx. 312 sq. ft. currently achieving £510pcm
Flat 7 Approx. 452 sq. ft. currently achieving £520pcm
Flat 6A Approx. 258 sq. ft. currently achieving £410pcm
Current total £4009pcm…with an annual total of £48,108 (calculating the current yield of 7.4%)
A recent undertaking has been made appraise the apartments for a raise in their current values: a considered approach across several of the apartments would allow for an short-term uplift of 5% on the monthly rent as they come available again to the open market.
The property is offered for sale with the freehold title, and draft leases have been prepared to give each of the apartments a 999 year lease. A future owner can amend these draft leases to their own requirements. There is also a limited company in place for the accounts and financial management of the block, and the freehold has been transferred to the ownership of this company.
The landlords also hold another property in the adjacent block which could be added to the portfolio... please enquire. Back to listing
Full details for 9 Bedroom Property For Sale in Birkinhead
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Description
INVESTMENT OPPORTUNITYA unique proposition to buy an amazing property on the edge of Birkenhead Park, with great access to amenities.
The property comprises eight apartments, currently yield £48,108 per annum at a 7.4% yield. The property comes as a ready-made investment with the freehold.
INVESTMENT OPPORTUNITY
A unique proposition to buy an amazing property on the edge of Birkenhead Park, with great access to amenities.
The property comprises eight apartments, currently yield £48,108 per annum at a 7.4% yield. The property comes as a ready-made investment with the freehold.
Having been lovingly restored by the current owners into an outstanding block of apartments, this traditional, semi-detached property right on the edge of the famous Birkenhead Park, UNESCO heritage site, is not to be missed. The property is also ideally located close to a wealth of amenities including transport links & shops to allow for a constant stream of good tenants.
There are eight apartments, seven 1 bedroom units and one 2 bedroom, in the building based over the four main stories of accommodation, with several units based over more than one level.
All of the properties are currently let out on Assured Shorthold Tenancy agreements and have been managed long term through ourselves as an agent, with long term relationships with the landlord and tenants.
Currently the information on the apartments and rental amounts are as follows;
Flat 1 (2 Bedrooms) Approx 1054 sq. ft. currently achieving £699pcm
Flat 2 Approx. 301 sq. ft. currently achieving £440pcm
Flat 3 Approx. 365 sq. ft. currently achieving £440pcm
Flat 4 Approx. 441 sq. ft. currently achieving £550pcm
Flat 5 Approx. 355 sq. ft. currently achieving £440pcm
Flat 6 Approx. 312 sq. ft. currently achieving £510pcm
Flat 7 Approx. 452 sq. ft. currently achieving £520pcm
Flat 6A Approx. 258 sq. ft. currently achieving £410pcm
Current total £4009pcm…with an annual total of £48,108 (calculating the current yield of 7.4%)
A recent undertaking has been made appraise the apartments for a raise in their current values: a considered approach across several of the apartments would allow for an short-term uplift of 5% on the monthly rent as they come available again to the open market.
The property is offered for sale with the freehold title, and draft leases have been prepared to give each of the apartments a 999 year lease. A future owner can amend these draft leases to their own requirements. There is also a limited company in place for the accounts and financial management of the block, and the freehold has been transferred to the ownership of this company.
The landlords also hold another property in the adjacent block which could be added to the portfolio... please enquire. Back to listing
