6 bedroom terraced house

For Sale by Online Auction 19th May 2021

WHY BUY?
4 x Self-contained flats
Generating income £18,240pa
Popular rental location
Within walking of Lord Street

DESCRIPTION
This is a good size mid-terrace property that is configured to provide a ground floor retail unit (Has been sold off separately and not included in this sale) with 4 x self-contained flats to the first and second floors. There are 2 x two bedroom units and two x one bedroom units. The flats are all currently occupied and generating an income of £1,520pcm/£18,240pa. The property benefits from Double glazing and electric heating. ideal as a long term rental investment with high yield returns. 

LOCATION
The access is to the rear of 115 Eastbank Street and is above a busy parade of shops close to Lord Street, Southport Rail Station and Southport Town Centre. Very popular for rental properties due to the wide array of shops and amenities within close proximity. 

ACCOMMODATION
Flat 1:  2 x bedrooms, shower room, kitchen/living room, wc
Flat 2:  1 x Bedroom, bathroom, kitchen/living room
Flat 3:  2 x bedrooms, shower room, kitchen, wc, living room
Flat 4:  1 x Bedroom, bathroom, kitchen/living room

NB - The ground floor retail unit is NOT included in the sale

AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1250 + VAT, payable on the fall of the hammer.  The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.