10 bedroom property

A substantial four storey property being sold with an annual income of approximately £52,320 per annum giving a potential gross yield of around 13%.

The building includes the ground floor restaurant which brings in £1400pcm incl vat.

There are 7 flats all bringing a significant income via the paying tenants. This includes 6 x one bed studios and 1 x 3/4 bedroom flat:

• 34a Scarisbrick Avenue: £750pcm
• Flat 1 30a Scarisbrick Avenue: £396.50pcm
• Flat 2 30a Scarisbrick Avenue: £360pcm
• Flat 3 301 Scarisbrick Avenue: £380pcm
• Flat 4 32a Scarisbrick Avenue: £360pcm
• Flat 5 32a Scarisbrick Avenue: £360pcm
• Flat 6 32a Scarisbrick Avenue: £360pcm

ACCOMMODATION
Four storeys:
Restaurant to ground floor, one 3/4 bed flat, 6 one bed studio flats

LOCATION
Located between West Street and the B5245 Southport Promenade.

TENURE: Freehold

COUNCIL TAX: A

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 £1800 + 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.