55 & 56 The Promenade, Southport, Merseyside, PR9
Size
Ask agent
Tenure
Ask agent
EPC
Ask agent
Parking
Ask agent
- Primary use
- Other
No floor / site plan
Key features
- 10 Self Contained Flats
- Prominent seafront corner position overlooking Marine Lake
- Direct outlook towards the proposed Marine Lake Events Centre (MLEC)
- Substantial licensed HMO investment arranged over multiple floors
- Current income £59,580 per annum, rising to £66,840 per annum
- Attractive period building with strong presence and character
- Clear asset management and value-add potential
- Located within an area of restricted HMO supply (Article 4)
Description
The building benefits from bay fronted elevations, generous ceiling heights and strong natural light, although it would now benefit from a programme of modernisation and improvement.
The accommodation comprises multiple residential units supported by communal and ancillary areas, together with:
Basement accommodation (former owner's accommodation)
Additional attic/upper floor space
Forecourt providing off-street parking
Tenancies & Income Profile
Current Position
Gross Income: £66,840 per annum
Running Costs (Approx.)
Gas (communal): £6,000 per annum
Landlord electricity: £960 per annum
Water: £2,100 per annum
Insurance: £1,200 per annum
Total Estimated Outgoings: £10,260 per annum
Asset Management Opportunities
The property offers clear potential for income growth and value enhancement, including:
Reconfiguration of heating systems to reduce landlord costs
Modernisation of common areas and individual units
Potential conversion of vacant basement and attic space (STP)
Rental reversion through continued market alignment.
Improved presentation to achieve enhanced rental levels and yields.
Market Commentary
Existing HMOs benefit from Article 4 restrictions, limiting new supply.
Continued demand for income-producing coastal assets.
The proposed MLEC development is expected to enhance rental growth and long-term capital values.
A comprehensive data room will be made available including:
Tenancy schedule
EPC certificates
Safety certifications
HMO documentation
Floor plans and additional information
- Service charge
- Ask agent
- Business rates
- Ask agent
- Use class
- Ask agent
- Listed building
- Ask agent
An Energy Performance certificate helps you understand the current energy efficiency of a property.
Read more about EPC requirementsAsk agent
- BREEAM rating
- Ask agent
- Environmental description
- Ask agent
Brochure
55 & 56 The Promenade, Southport, Merseyside, PR9
Your search history
You have no recent searches
Disclaimer - Property reference 2745FH. 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 Fitton Estates.com, Merseyside/Lancashire. 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.