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Studio apartment for sale
Flat 2, 4 Forest Road, Southport, Merseyside PR8 6ST
£5,000
Flat 2, 4 Forest Road, Southport, Merseyside PR8 6ST
£5,000
Our Summary
- Auction Commencing on Monday 03rd November at 1pm and ending 24 hours later on Tuesday 04th November at 1pm with Auction House Please register to bid via our website - auctionhouse
- A one-bedroom duplex apartment offering excellent potential for refurbishment and strong rental returns
- The flat is now vacant and requires a scheme of refurbishment throughout, making it ideal for investors or developers seeking a low-entry opportunity
- Once refurbished, the property is anticipated to achieve: -Rental Income (estimated): £525 per calendar month (£6,300 per annum) Accommodation (approximate): -Total Area: 65 sq m (697 sq ft) Tenure: Leasehold (details to be confirmed by the auction pack) EPC Rating: To be confirmed
Description
A one-bedroom duplex apartment in Southport town centre is up for auction, with bidding starting on November 3rd and ending on November 4th. The property is currently vacant and requires refurbishment throughout, making it an ideal opportunity for investors or developers. Once renovated, it's expected to achieve a rental income of £525 per month, equivalent to £6,300 per annum. The apartment is located on Forest Road, close to local shops, transport links, and amenities, and benefits from off-street parking. The property is leasehold, with an EPC rating of C, and comes with an administration fee of £3,600 inc VAT payable on exchange of contracts.