Lot 32 - Wednesday 14th December 2016 -143 Brighton Street, Wallasey, Merseyside, CH44 8DT
SOLD £30,000
DEVELOPMENT
WHY BUY?
Planning permission for 3 x Flats
Brought back to brick
Ready for development
Very strong rental area
Potential income £14,880pa
DESCRIPTION
This is a 3 storey mid terrace property that was formerly a shop with residential accommodation above. The property has been stripped, brought back to brick, cleared and has had planning permission recently granted to convert to 3 x self contained flats. The PP is for 2 x one bedroom flats and 1 x two bedroom flat. Ideal as a development with huge scope to add capital and either resell on the open market once finished or retain as a high yielding rental investment. If the one bedroom flats were tenanted on AST's at £395pcm and the two bedroom flat at £450pcm the potential rental income would be £14,880pa fully occupied.
LOCATION
Directly across from Wallasey Town Hall with plenty of shops and amenities within walking distance and regular buses directly outside the door. Wallasey village is only 2 miles away with Liverpool City Centre only 5 miles away through the tunnel.
Planning application can be found on Wirral Borough Council planning site APP/16/00996