Lot 9 - Wednesday 7th July 2021 -35 Euston Grove, Prenton, Merseyside, CH43 4TY

For Sale by Online Auction 7th July 2021





WHY BUY?



5 x self-contained flats

Double glazed & central heating

Front driveway for four cars

Current income £23,940pa

Potential to add rental/capital value



DESCRIPTION

This is a large semi-detached property that has been configured to provide 5 x self-contained flats that are all currently let on AST agreements with a combined income circa £1,995pcm/£23,940pa. Each flat is fully self-contained with their own kitchen, bathroom and bedroom. There are 4 x one bedroom units and 1 x two bedroom unit. There is potential to improve the condition of the building/flats as well as increasing the size of some of the units by extending to the rear and putting dormers into the roof and increase capital value and rental income to circa £30,000pa. There is currently one boiler that heats the building and the landlord covers this cost. Ideal rental investment with yield returns circa 10%.



LOCATION

Close to the junction with Balls Road close to Oxton Village on the outskirts of Birkenhead. There are numerous shops, bars and restaurants within walking distance. Birkenhead Town Centre is only 1 mile away. 





ACCOMMODATION



Flat 1: Ground floor – Entrance hall, bedroom, bathroom, kitchen/living room - Let at £400pcm/£4,800pa

Flat 2: Ground floor – Entrance hall, bedroom, bathroom, kitchen/living room - Let at £400pcm/£4,800pa

Flat 3: First floor – Entrance hall, bedroom, bathroom, kitchen/living room - Let at £395pcm/£4,740pa

Flat 4: First floor – Entrance hall, bedroom, bathroom, kitchen/living room - Let at £380pcm/£4,560pa

Flat 5: Second floor – Entrance hall, 2 bedrooms, bathroom, kitchen/living room - Let at £420pcm/£5,040pa

Outside: Parking to front, garden to rear




AUCTION FEES


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.