Borough Road, Wirral, CH44

BLOCK OF FLATS FOR SALE - NORTON COURT

Offers in the Region of £1,100,000

Exceptional Residential Investment with Asset Management & Development Potential

Norton Court presents an excellent opportunity to acquire a substantial, income-producing residential investment in the heart of Wallasey, Wirral. Comprising fifteen self-contained apartments together with two ground floor commercial units, the property offers an attractive immediate income with significant opportunities to enhance both rental returns and capital value.

Currently generating £100,680 per annum, the asset has an estimated fully let rental potential of approximately £134,760 per annum, representing a compelling opportunity for investors seeking both stable income and future growth.

The property further benefits from approved schemes to convert the existing ground floor commercial accommodation into six additional one-bedroom apartments, providing an opportunity to further maximise the site's income potential, subject to implementation of the approved permissions and all necessary consents.

Investment Highlights
Offers in the Region of £1,100,000
Current gross rental income: £100,680 per annum
Estimated potential gross rental income: £134,760 per annum
15 residential apartments comprising:
9 x Two-bedroom apartments
6 x One-bedroom apartments
2 ground floor commercial units currently in shell condition
Rear parking area serving the development

Approved plans (approved twice) for conversion of the commercial units into six additional one-bedroom apartments

Significant asset management and value-add opportunities
Potential for future title splitting (subject to all necessary legal and statutory requirements)
Asset Management Opportunity
The two commercial units remain in shell condition and require an estimated investment of approximately £10,000 to complete. Once finished and let, they are anticipated to achieve rental levels of approximately £600 per calendar month per unit, producing an additional income of around £14,400 per annum.

This uplift, together with the existing residential income, strengthens the overall investment proposition while providing scope for further capital growth.

Break-Up Value -
Based upon current estimated individual unit values, the property has an approximate break-up value of £1.315 million, comprising:

9 x Two-bedroom apartments @ £85,000 each
6 x One-bedroom apartments @ £75,000 each
2 x Commercial units @ £50,000 each (in their current shell condition)
The potential for individual title creation and future disposal of separate units provides investors with an additional exit strategy, subject to all necessary legal processes and statutory approvals.

Planning & Development
Approved plans are included within the information pack demonstrating consent to convert the existing ground floor commercial accommodation into six one-bedroom apartments.

Copies of the approved plans are available upon request.

Fire Safety & Cladding
A current Fire Risk Assessment is available within the legal pack.

The vendor has confirmed that, based upon the building's height of approximately 8 metres to the finished floor level of the top occupied storey, the building falls below the 11-metre threshold set out within Approved Document B of the Building Regulations.

Accordingly, the external timber cladding does not require compliance with Regulation 7(2) applicable to taller buildings, and the accompanying Fire Risk Assessment confirms that an EWS1 certificate is not required.

Purchasers should rely upon their own professional advisers and lender requirements during the conveyancing process.

Information Available
The sales pack currently includes:

Fire Risk Assessment (FRA)
Existing floor plans
Approved proposed floor plans
Current tenancy schedule
Potential rental schedule
Internal apartment photographs
External photographs
Rear car park images
Cladding information and supporting correspondence

Location
Norton Court occupies a prominent position on Borough Road (A551), one of Wallasey's principal routes, providing excellent access across the Wirral Peninsula and into Liverpool via the Kingsway Tunnel. The property is conveniently located for local shopping facilities, public transport, schools and employment centres, making it an attractive location for tenants and supporting consistent rental demand.

Tenure
Prospective purchasers should satisfy themselves regarding tenure and all legal matters through their solicitors.



Viewing & Further Information
Strictly by appointment only - Richard Dey

Full documentation, tenancy information, planning documents and supporting reports are available to genuinely interested parties upon request.