£525,000
9 bed property for saleFountain Street, Birkenhead, Merseyside CH42
9 beds
6 baths
6 receptions
EPC Rating: D
- Freehold
Clive Watkin - Prenton Sales
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About this property
Apartment Block
Investment Opportunity
Sold With Freehold
8.4% Yield
£46,320 Annual Income
Three x Two Bedroom Apartments
Three x One Bedroom Apartments
We are pleased to present a well-maintained block of six apartments, offered with the Freehold located in Birkenhead. The property is fully let and generates an impressive annual rental income of £46,320, making it a strong investment opportunity.
Key Features:
• Total of 6 Apartments:
O 3 x 2-bedroom duplex apartments
o 3 x 1-bedroom apartments
• Good Condition Throughout: All apartments are in good condition, with modern fixtures and fittings, providing comfortable living spaces for tenants.
• Spacious Duplex Apartments: The three 2-bedroom apartments are arranged over two levels, providing generous living space. Each duplex apartment is enhanced with large skylights, which flood the living areas with natural light and add an airy, open feel to the rooms.
• Separate Utilities: Each apartment has its own separate utilities, offering independence and privacy for tenants, and reducing any management complexities for the landlord.
• Ground Floor Flats with Rear Gardens: The ground-floor apartments benefit from private rear gardens, ideal for outdoor space and recreation. These areas provide a pleasant and low-maintenance outdoor retreat for residents.
• Private Parking: The property benefits from off-road parking, offering secure and convenient parking options for tenants, which is a highly desirable feature in this area.
• Freehold Sale: The property is being sold with the Freehold, giving the new owner full control and flexibility in managing the property.
• Strong Rental Income: With an annual rent of £46,320, this property presents an attractive yield for investors, with consistent income potential.
• Rent Schedule Available on Request: A copy of the current rent schedule is available upon request, offering transparency and clarity on the rental breakdown for each apartment.
• Purpose Built: The flats are purpose-built, designed with functionality and tenant comfort in mind, ensuring efficient use of space and modern living standards.
• Opportunity to buy Owning Company: Potential to buy the owning company of the blocks of flats taking over both Fountain Court & Euston Grove blocks.
The property is situated in a well-established residential neighbourhood with good local amenities, schools, and transport links, making it an attractive proposition for renters. Its proximity to key areas and transportation options ensures high demand for rental units, contributing to its strong rental performance.
This property represents a prime investment opportunity, offering a stable income stream, good-quality living spaces, and future growth potential. Early viewing is highly recommended to fully appreciate the scope and potential of this well-maintained block of apartments.
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