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13 bed flat
Rake Lane, Wallasey, Merseyside CH45
£550,000
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Our Summary
- Investment Opportunity – Eight Self-Contained Flats A rare opportunity to acquire an established residential investment block comprising 8 self-contained flats situated in a popular residential location on Rake Lane, Wallasey
- Key Features Residential investment block comprising 8 flats Current income: £31,500 per annum Estimated fully let income: £50,400 per annum Three vacant units offering immediate value-add opportunity Popular Wallasey location Scope to enhance rental performance and increase yield Ideal for investors seeking income
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Description
The property is a residential investment block comprising 8 self-contained flats, each with a bedroom, bathroom, and lounge diner. Flat 2 has a let income of £425 pcm, Flat 4 is let for £550 pcm, Flat 5 is let for £450 pcm, and Flat 8 is let for £625 pcm. Three flats are currently vacant.
The block has a current income of £31,500 per annum and estimated fully let income of £50,400 per annum.