7 Weld Road, Southport
£133.52 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
3,520 sq ft
327 sq m
- SECTOR
Commercial property for sale
Key features
- High Yielding Residential Investment
- Block of 8 x One Bedroom Flats
- Fully Let to Separate Tenants
- Asset Management Potential Via Renewal and Improvement of Rents
- 3,520 sq ft (327 sq m)
- Large Site of 0.23 acres (0.095 hectares)
- Affluent Coastal Location
- Investment Let at £49,056 p.a. (10.4% GIY on Guide Price)
Description
Arranged as a four storey block comprising 8 x one bedroom flats, the property is fully let to private individuals on separate Assured Shorthold Tenancy (AST) agreements and producing a total £49,056 per annum.
We consider the property may benefit from asset management potential via renewal of the leases, with many currently being periodic tenancies of six months. There may also be potential to improve the annual rents with several flats generating higher sums than others. Please see the tenancy schedule and legal pack for more information.
The property occupies a large site of 0.23 acres (0.095 hectares) and benefits from front parking and a large rear garden. We consider the property may benefit from development potential via rear extension or a standalone development (subject to obtaining any requisite consents).
The property is situated in Birkdale, an affluent suburb of Southport adjacent to the coast and the Ainsdale and Birkdale Sandhill Nature Reserve. Central Southport is approximately 1.3 miles to the north, whilst Royal Birkdale Golf Course is approximately 1.4 miles to the south.
Brochures
7 Weld Road, Southport
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Birkdale Station0.5 miles
- Southport Station1.1 miles
- Hillside Station1.2 miles
Notes
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