96 Eastbank Street, Southport, UK

Details

FOR SALE BY AUCTION

Located in Southport Town centre the property offers great transport links and is close by to a plethora of amenities. This property is an ideal investment opportunity. The property comprises of four one bedroom apartments all with long term tenants.

Freehold building -

Lower ground floor apt with parking space an small yard £450pcm

Ground floor £85pw - £340 pcm

First floor £360 4wkly - £360 pcm

Second floor £360 4wkly - £360 pcm

Combined current income - £1510 pcm

Yield -

£150,000 - 12%

£160,000 - 11.3%

£170,000 - 10.6%

Potential Rents after review -

Lower ground floor apt with parking space plus small yard £600pcm

Ground floor £125 pw - £500 pcm

First floor - £500 pcm

Second floor - £500 pcm

Combined Potential income - £2100 pcm

Yield -

£150,000 - 16.8%

£160,000 - 15.7%

£170,000 - 14.8%

All 1 bed flats

All electric

Need modernising but all long term tenants

Early inspection of property is highly recommended.

Viewings available upon request.

The following non-refundable fees apply:

Buyer's Fee

A Buyer’s Fee is payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property.

4% (including VAT) of the purchase price.

The Buyer’s Fee is always subject to a minimum of £6,000 (including VAT). The Buyer’s Fee does not contribute to the purchase price..

Deposit

On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property. The deposit contributes towards as part of the purchase price.