Lot 20 - Wednesday 15th May 2024 -23 Bath Street, Southport, PR9 0DP

FOR SALE BY ONLINE AUCTION 15TH MAY 2024:

A substantial HMO investment opportunity available here with seven en-suite bedrooms, three kitchens, ground floor communal space, garden and parking. With a very attractive rental income and a compliment of tenants in situ, the return per annum currently sits at £45,600 (based on full capacity). Of note, the properties to either side of #23 have had permissions to extend – with similar permissions being granted here, there is potential to bring the property to a 9 bed HMO.

ACCOMMODATION
Ground Floor: Entrance hallway leading to two en suite bedrooms, communal sitting room and on to fitted kitchen with access to rear yard and basement.
First Floor: Split landing off to three en suite bedrooms and fitted kitchen
Second Floor: Split landing off to two en suite bedrooms and fitted kitchen

LOCATION
Bath Street is central to Southport Town and is therefore within walking distance of local shops, bars, restaurants, and train station, and of course, the marina and beach.

Tenure: Freehold

Council Tax Band: D

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 £1800 + 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.