Borough Road, Wallasey, Wirral
- PROPERTY TYPE
Block of Apartments
- SIZE
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- 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
- Potential to further develop
- In need of maintenance work
- 19 Bedsits
- 4 Shop units
- 2 One bedroom apartments
- No onward chain
- Freehold included
- Convenient location
Description
Laid out over three floors, inside you will find that this building is comprised of 19 Bedsits with a kitchen and two bathrooms on each floor, two one bedroom studio apartments and four shop units.
Two shop units are currently let and bringing in a combined income of 1,375pcm with the rest of the building to be sold with vacant possession. This therefore can be re-let as a HMO or can be utilised for a variety of uses including office space or to be converted.
In the current layout and market, there is the potential for the following rents to be achieved:
- Bedsits in the region of £70pw each.
- 2 One Bed Flats in the region of £450pcm each.
- 4 Shop units - Go Local at £1kpcm, Tattoo shop £375pcm and two are vacant but looking in the region of £375/400pcm.
In total and if fully tenanted on the above basis with maintenance works completed to a rentable standard, this building has the potential to bring in circa £100,000 annually.
Call the Wallasey office for more information or to arrange your own viewing.
- 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.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Borough Road, Wallasey, Wirral
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Birkenhead Park Station1.2 miles
- Hamilton Square Station1.2 miles
- Conway Park Station1.3 miles
About the agent
Karl Tatler Estate Agents, Wallasey
117-119 Wallasey Road, Wallasey, CH44 2AA
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
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference GBS240222. 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, Wallasey. 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.
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