18 Bank Square, Southport, Merseyside, PR9

Guide price

£399,950

Size

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Tenure

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EPC

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Parking

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Primary use
Other

Key features

  • Licensed nine-bedroom House in Multiple Occupation (HMO).
  • Producing approximately £48,880 per annum gross rental income.
  • Gross initial yield of approximately 12.2% at the asking price.
  • Fully occupied investment producing immediate income from completion.
  • Current HMO Licence valid until August 2027 permitting occupation by up to nine residents.
  • Long-established lawful HMO use benefiting from planning consent granted in 1996.
  • EPC Rating B valid until April 2033.
  • Extensive compliance portfolio available to purchasers.
  • Existing tenants unaffected by the sale.

Description

Fitton Estates are pleased to offer for sale this substantial freehold investment comprising a fully licensed nine-bedroom House in Multiple Occupation.

Arranged over four floors, the property provides nine individually let bedrooms together with communal kitchen, shower room and WC facilities, producing a current gross rental income of approximately £48,880 per annum.

The property benefits from a current HMO Licence permitting occupation by up to nine residents together with established planning consent for HMO use dating back to 1996.

The investment has been professionally managed and is accompanied by an extensive compliance portfolio including a current HMO Licence, tenancy agreements, rent schedule, Electrical Installation Condition Report, Gas Safety Certificate, Fire Risk Assessment, Fire Alarm Inspection Certificate, Emergency Lighting Inspection Certificate,
Asbestos Management Survey and Energy Performance Certificate.

An EPC Rating of B, valid until April 2033, is particularly noteworthy for a property of this age and demonstrates the continued investment made into the building.

The vendor has advised that all recommendations arising from the Fire Risk Assessment have now been completed, with written confirmation awaited from the contractor.

Overall, this represents an excellent opportunity to acquire a fully income-producing HMO investment with a comprehensive due diligence package already assembled, enabling purchasers to proceed with confidence.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

18 Bank Square, Southport, Merseyside, PR9

NEAREST STATIONS

National Rail

Southport Station

0.37 miles

National Rail

Meols Cop Station

1.25 miles

National Rail

Birkdale Station

1.35 miles

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Disclaimer - Property reference 2790FH. 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.