Block of flats for sale in The Pyramids, Grange Road, Birkenhead CH41
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Property features
- To be offered on Tuesday 3 September
- High Yielding Residential Investment
- Freehold Block of 5 Flats
- Fully Let on ASTs
- Producing a Total £25,200 per annum
- Long Average Lease Expiry of Four Years
- Guide Price Reflects 14% Gross Yield
- Adjacent Lots Available
Property description
Strapline
Auction Sale - 03/09/2024
High Yielding Residential Investment Opportunity
Freehold Block of 5 x One Bedroom Flats Producing a Total £25,200 per annum
Description
The property comprises a freehold block of 5 x one bedroom flats located in the centre of Birkenhead.
Arranged across first floor and accessed from a rear entrance off Eastbourne Road, the block is fully let of five separate assured shorthold tenancy (AST) agreements producing a total aggregate rent of £25,200 per annum.
The majority of the units are let on ASTs expiring in 2029 and 2030, offering an attractive investment providing longer term certain than many other opportunities. Please see the below tenancy schedule and legal pack for more information.
Grange Road is an established mixed-use street in the heart of Birkenhead. The surrounding area is a mix of retail and residential uses and the property benefits from easy access to the amenities of Birkenhead town centre.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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