Southport - 23% Below Market Value Freehold – Block of 4 Apartments - Click for more info

Southport, Merseyside
£185,000.00

Property Investor App

Posting for 1+ years

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propertyinvestorapp.co.uk

Property Investor App

Posting for 1+ years

See all ads

Contact Property Investor App


propertyinvestorapp.co.uk
Posted
2 days ago
Seller type
Agency
Property type
Flat
Number of bedrooms
6

Description

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

23% Below Market Value

Freehold – Block of 4 Apartments in the Heart of Southport

Readymade and Income Producing

Eastbank Street, Southport, PR8 1DQ

Market Value = £240,000+

Purchase Price = £185,000

Finder’s Fee = £4,000 + Vat

Total Gross Income = £1,646 pcm = £19,752 per annum

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £948 pcm = £11,376 per annum

Self managed = £1,146 pcm = £13,752 per annum

For a limited time only, we have managed to secure an income producing a block of 4 apartments in the heart of Southport. This is made up of 2 x 1 Bedroom and 2 x 2 Bedroom apartments

From our research, 1 bedroom flats in this location would command circa £60,000 +
From our research, 1 bedroom flats in this location would command circa £80,000 +
The property comprises of 4 fully tenanted residential flats to Eastbank Street over first and second floor. Access is provided to the rear of the property via an external stairwell.

Each flat has separate meters, double glazing, hard wired fire alarm and emergency lighting to communal areas.

The property is currently fully let and could benefit with some works of modernization. There is a shop below but has been sold separately as a leasehold.

The property is situated in area that has great transport connections, a train station which has direct links to Liverpool and Manchester City Centres. Eastbank is an established within proximity to all local shops, fast food chains and shopping facilities.

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

Ad ID: 1397260913


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