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8 bedroom block of apartments for sale
38 Elm Grove, Birkenhead, Merseyside
£200,000
38 Elm Grove, Birkenhead, Merseyside
£200,000
Our Summary
- A residential investment opportunity producing £32,388 per annum
- When fully let the potential rental income is approximately £36,000 per annum
- EPC Ratings 1 - D2 - E3 - E4 - C5 - C6 - C7 - C8 - ECouncil Tax Band AGET READY TO BID BY VISITING THE AUCTIONEERS WEBSITEGUIDE PRICES & RESERVE PRICESGuide PriceAn indication of the seller’s current minimum acceptable price at auction
- As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued
- Both the guide price and the reserve price can be subject to change up to and including the day of the auction
- Reserve PriceThe seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell
Description
A residential investment opportunity producing £32,388 per annum in rental income, located off Derby Road in a popular and well-established location. The property has been converted into 8 self-contained flats, with 7 currently let by way of Assured Shorthold Tenancy Agreements, generating approximately £32,388 per annum. The potential rental income is approximately £36,000 per annum. The property benefits from double glazing, electric heating, intercom entry system, large rear garden, and car parking for several cars. The flats are arranged over 3 storeys plus basement, with a mix of 1-bedroom and studio flats. The property is being sold with a guide price of £400,000 to £450,000, and the reserve price is within this range.