Skip to content

Thorburn Road, CH62

£3,000,000

£110.16 per sq ft

Business rates & charges may apply

Portfolio Lets Limited, Manchester
SIZE AVAILABLE

27,233 sq ft

2,530 sq m

SECTOR

Residential development for sale

USE CLASSUse class orders: C2A Secure Residential Institution

C2A

Key features

  • Multi-Tenanted Block of 41 Apartments on One Title
  • Generating Annual Rental Income of £275,520
  • Current Rental Yield of 9.2%
  • Approx. GIA Total Floor Area 27,233 Sq. ft. (2,530 Sq. m.)
  • Freehold
  • Asset Management Potential to Increase Letting Spaces
  • Close to Amenities & Transport Links
  • Popular Residential Location

Description

Description:
This is a rare investment opportunity to acquire a block of forty-one apartments on one title with a gross internal area of 27,233 sq. ft (2,530 sq. m.). Fully occupied, the apartments generate rental income of £275,520 per annum, producing an annual rental yield of 9.2%. Also, there is potential to create additional letting space for a 1x three-bedroom & 1x two-bedroom apartment in the void areas.

Thorburn Court is a multi-tenanted block of 41 apartments in a quiet neighbourhood. It has beautiful views of river Mersey and is close to the Birkenhead shopping centre. There are also excellent transport links and amenities nearby. In addition, there is a significant demand for various care providers throughout Wirral for this type of housing.

The premises have recently been refurbished to a high standard, and each apartment has the benefit of being separately metered for its electricity supply.

Asset Management Potential
There is potential to create additional letting space for a 1x three-bedroom & 1x two-bedroom apartment in the void areas.

Tenure: Freehold.

Purchase Price: Offers in excess of £3,000,000.

Services: All mains services available to the property. Electricity, part gas, water and drainage.

Legal Fees: The purchaser will be responsible for the vendors legal expenses, please call to discuss.

Anti-Money Laundering:
In accordance with Anti-Money Laundering Regulations, we require two forms of Identification and confirmation of source of funding from all Purchasers.

Viewing: Please contact sole agents Portfolio Properties.

Energy Performance Certificates

EPC 1

Brochures

Thorburn Road, CH62

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bebington Station0.7 miles
  • Rock Ferry Station0.7 miles
  • Port Sunlight Station1.3 miles

About Portfolio Lets Limited, Manchester

Prospect House Featherstall Road South Oldham OL9 6HT

Notes

These notes are private, only you can see them.

Disclaimer - Property reference ThorburnCourtThorburnRoadNewFerry. 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 Portfolio Lets Limited, Manchester. 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.

Map data ©OpenStreetMap contributors.