Park Road South, Prenton, Wirral
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
9
- BATHROOMS
8
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- INVESTMENT OPPORTUNITY
- Converted, semi-detached
- Council tax band A
- Eight separate apartments
- Currently returning £48,108 per annum
- Approximate yield of 7.4% annually
- Potential for further uplift on rents
- Currently tenanted with AST agreements
- Well-maintained communal areas
- Close to local shops, transport links
Description
A unique proposition to buy an amazing property on the edge of Birkenhead Park, with great access to amenities.
The property comprises eight apartments, currently yield £48,108 per annum at a 7.4% yield. The property comes as a ready-made investment with the freehold.
INVESTMENT OPPORTUNITY
A unique proposition to buy an amazing property on the edge of Birkenhead Park, with great access to amenities.
The property comprises eight apartments, currently yield £48,108 per annum at a 7.4% yield. The property comes as a ready-made investment with the freehold.
Having been lovingly restored by the current owners into an outstanding block of apartments, this traditional, semi-detached property right on the edge of the famous Birkenhead Park, UNESCO heritage site, is not to be missed. The property is also ideally located close to a wealth of amenities including transport links & shops to allow for a constant stream of good tenants.
There are eight apartments, seven 1 bedroom units and one 2 bedroom, in the building based over the four main stories of accommodation, with several units based over more than one level.
All of the properties are currently let out on Assured Shorthold Tenancy agreements and have been managed long term through ourselves as an agent, with long term relationships with the landlord and tenants.
Currently the information on the apartments and rental amounts are as follows;
Flat 1 (2 Bedrooms) Approx 1054 sq. ft. currently achieving £699pcm
Flat 2 Approx. 301 sq. ft. currently achieving £440pcm
Flat 3 Approx. 365 sq. ft. currently achieving £440pcm
Flat 4 Approx. 441 sq. ft. currently achieving £550pcm
Flat 5 Approx. 355 sq. ft. currently achieving £440pcm
Flat 6 Approx. 312 sq. ft. currently achieving £510pcm
Flat 7 Approx. 452 sq. ft. currently achieving £520pcm
Flat 6A Approx. 258 sq. ft. currently achieving £410pcm
Current total £4009pcm…with an annual total of £48,108 (calculating the current yield of 7.4%)
A recent undertaking has been made appraise the apartments for a raise in their current values: a considered approach across several of the apartments would allow for an short-term uplift of 5% on the monthly rent as they come available again to the open market.
The property is offered for sale with the freehold title, and draft leases have been prepared to give each of the apartments a 999 year lease. A future owner can amend these draft leases to their own requirements. There is also a limited company in place for the accounts and financial management of the block, and the freehold has been transferred to the ownership of this company.
The landlords also hold another property in the adjacent block which could be added to the portfolio... please enquire.
Brochures
Particulars- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Park Road South, Prenton, Wirral
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Birkenhead Park Station0.5 miles
- Conway Park Station0.8 miles
- Birkenhead Central Station0.9 miles
About the agent
Karl Tatler Estate Agents, Prenton
347 Woodchurch Road, Prenton, CH42 8PE
About Us
Karl Tatler Estate Agents first opened in 1997 and our business has steadily grown ever since with many of our clients coming to us following a personal recommendation. Karl Tatler Estate Agents are now responsible for selling 1 in 4 properties on the Wirral!
8 Wirral OfficesAll this experience means we know the Wirral market like nobody else. Every department or office has experienced and senior members of staff e
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference PRE240032. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Karl Tatler Estate Agents, Prenton. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.