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Mallaby Street, Birkenhead 10 bed block of apartments for sale
Mallaby Street, Birkenhead
£320,000
Mallaby Street, Birkenhead
£320,000
Our Summary
- An outstanding investment opportunity offering an immediate return with a healthy yield of approximately 7
- 4%, alongside strong potential for increased rental income - as all tenants are now out of contract
- 66 to £475 pcm (with scope for increase)Breakdown:10 (a): £475 pcm10 (b): £346
- 66 pcm12 (1): £375 pcm12 (2): £390 pcm12 (5): £390 pcmCan be sold with tenants in situEPC RatingsRatings: C & DExpiry dates: Between August 2032 and September 2035This property represents an excellent opportunity for investors seeking a ready-made rental portfolio with immediate income and clear potential for further growth
- Investment/Development Opportunity
- Scope to increase rents
Description
This property offers an exceptional investment opportunity with a healthy yield of approximately 7.4% and strong potential for increased rental income. The property consists of 5 flats, with 3 in No. 10 and 2 in No. 12, each with a mix of 1-3 bedrooms, reception rooms, bathrooms, and kitchens. Currently, 5 flats are tenanted, with 2 vacant, and the current rent ranges from £346.66 to £475 per month, with scope for increase. The property can be sold with tenants in situ, and the EPC ratings are C and D, with expiry dates between 2032 and 2035. With a council tax band of A and tenure as a freehold, this property represents an excellent opportunity for investors seeking a ready-made rental portfolio with immediate income and clear potential for further growth.