Euston Grove

Prenton, Wirral, CH43

Tenure: Freehold

INVESTMENT - BLOCK OF 12 FLATS – 3 GARAGES - FREEHOLD

We are delighted to present this fantastic investment opportunity to purchase the freehold of a purpose-built detached block of twelve self-contained apartments. In the convenient location of Prenton, close to local shops, schools and amenities and within walking distance of Oxton Village.

Development Overview:
The three-storey building comprises ten two-bedroom, two one-bedroom apartments and three garages as well as nine private parking spaces at the rear. Access to apartments via a communal entrance at the front of the building, main staircase and secure keypad entry to each floor. All apartments have UPVC Double glazed windows, electric storage heating, intercom phone system and are Council Tax Band A.

11 of 12 flats currently tenanted achieving £525pcm - £625pcm rental income with great potential to increase earnings with investment.

Current income of £70,500 per annum

Potential income of £93,600 per annum, resulting in 7.8% yield based on asking price

EPC Rating:
Apartments 2-3 EPC Rating: D
Apartment 7 EPC Rating: B
All other apartments EPC rating: C

EPC rating: D. Council tax band: A, Domestic rates: £1508.97, Tenure: Freehold,