55 & 56 The Promenade, Southport, Southport, Merseyside, PR9

A substantial period end-terrace property arranged over basement, ground and three upper floors, providing a well-established HMO investment, comprising of 10 self contained flats.

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: £59,580 per annum
From June 2026
Estimated Projected 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