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9 bedroom semi-detached house for sale
Park Road South, Prenton, Wirral
£650,000
Park Road South, Prenton, Wirral
£650,000
Our Summary
- INVESTMENT OPPORTUNITYA unique proposition to buy an amazing property on the edge of Birkenhead Park, with great access to amenities
- 4%)A recent undertaking has been made appraise the apartments for a raise in their current values: a considered approach across several of the apartments would allow for an short-term uplift of 5% on the monthly rent as they come available again to the open market
Description
This is an investment opportunity to purchase a unique property on the edge of Birkenhead Park, a UNESCO heritage site. The property comprises eight apartments, currently yielding £48,108 per annum at a 7.4% yield, and comes with the freehold title. The apartments are currently let on Assured Shorthold Tenancy agreements and have been managed long-term through an agent. The property has been lovingly restored by the current owners and is ideally located near amenities, including transport links and shops. The apartments are situated across four main stories of accommodation, with several units spanning more than one level. The current owners have undertaken an appraisal to raise the current values of the apartments, and a short-term uplift of 5% on the monthly rent is possible. The property is offered for sale with the freehold title, and draft leases have been prepared to give each of the apartments a 999-year lease.