15 bedroom block of apartments for sale

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15 bedroom block of apartments for sale

King Street, Southport, Merseyside. PR8
£1,250,000

Our Summary

  • Comprising of eight apartments and one HMO, this secure block makes for a rare investment opportunity
  • All apartments are fully tenanted and are being sold with tenants in situ, so this is a ready-made investment opportunity with rental income available from completion

Description

This modern apartment block in Southport Town Centre is a rare investment opportunity, comprising eight apartments and one HMO, all fully tenanted and generating a combined rental income. The block features a range of onsite facilities, including a communal garden and courtyard, and modern intercom system. The apartments range in size from 27 to 106 square meters and offer one to three bedrooms, with rents ranging from £600 to £1,100 per calendar month. The property has an excellent gross yield of 8.25%, making it an attractive opportunity for investors. Located in a bustling area with a mix of shops, bars, restaurants, and cafes, the property is expected to benefit from high tenant demand and potential growth in rental income and property values in the North West over the next five years.
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