11 Weld Road, Southport

The property comprises a high yielding residential investment located in an affluent coastal suburb.

Arranged as a four storey block comprising 5 x two bedroom and 3 x one Bedroom flats, the property is part-let on Assured Shorthold Tenancy (AST) agreements with one flat vacant and producing a total £47,832 per annum.

We consider the property benefits from asset management potential via letting of the vacant flat, with an ERV of £54,000 if fully let.

The property may also benefit from further 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 0.27 acres (0.11 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.