6 bedroom block of apartments for sale

Freehold Residential Investment Opportunity: Scarisbrick Street

An investment opportunity has arisen to acquire a substantial freehold residential block in the heart of Southport. Offered at £310,000, this impressive red-brick character property comprises six self-contained units, thoughtfully configured as four one-bedroom apartments and two studio apartments . The property is currently an attractive investment, with five out of the six units already tenanted, providing the purchaser with immediate rental income upon completion .The investment potential of this block is significant, generating a full rental income of £3,075 per month, which equates to an annual return of £36,900. Based on the asking price, this represents an gross yield of approximately 11.9%.The building itself maintains a sense of traditional grandeur, featuring a spacious communal entrance hall with high ceilings and ornate decorative corbels. Each apartment benefits from modern essential features, including gas central heating and double glazing throughout. Externally, the property is highly attractive to tenants, offering sought-after off-road parking to the front and a well-sized communal garden to the rear.Ideally situated for professional tenants, the property is located within easy walking distance of Southport town centre and the main train station, ensuring consistently high demand and excellent transport links. This central location, combined with the mix of unit types, makes it a versatile addition to any residential portfolio.

Viewing is strictly by appointment. EPC ratings available on request. For further information or to arrange a walkthrough of the communal areas and available units, please contact Lynn Thompson Sales and Lettings at[use Contact Agent Button], quoting property reference LTL000415.

Council Tax Band: A
Tenure: Freehold
Ground Rent: £0.00 per year
Service Charge: £0.00 per year