Thorburn Road, CH62

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.