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7 bedroom flat

7 bedroom flat



Nearest stations

New Brighton (0.5mi.)
Wallasey Grove Road (1.3mi.)
Wallasey Village (1.4mi.)

Nearest schools

school icon  New Brighton Primary School (0.2mi.)
school icon  Ss Peter and Paul Catholic Primary School (0.4mi.)
school icon  Mount Primary School (0.5mi.)

Property description

For Sale by Auction 11th December 2019

7 x Bedroom HMO
Ground floor retail unit
Potential income circa £29,000pa
High yield rental investment

This is a large three storey corner property configured to provide a ground floor retail unit and large 7 bedroom HMO flat to the upper floors. The shop is currently let as an antiques store with rental income of £325pcm/£3,900pa. The flat has 6 of the 7 bedrooms currently let at approximately £1800pcm/£21,600pa. The total current income is circa £25,500pa, but should the final vacant room be let at £300pcm the total potential income could be £29,000pa. Ideal as a high yield investment property.

The property is located on a main through road, with extensive bus links to the Wirral and Liverpool. A short >10 minute walk away is the seaside town of New Brighton. Where a vast amount of amenities are available, including pubs, bars, restaurants, a cinema and a supermarket.

Ground floor: Front entrance is to the retail unit only. Side Entrance is to the residential units only. Communal kitchen and downstairs w/c also housed on the ground floor.
First floor: Communal bathroom, Bedrooms 1 & 2.
Second floor: Bedrooms 3, 4 & 5.
Third Floor: Bedrooms 6 & 7, Shower Room.
Outside: Small covered walkway to the front. External Yard to rear.

NB: Venmores have not carried out an internal inspection

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.

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Property reference 10023932. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Venmore - Auctions. Please contact the property advertiser directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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