Portland Street,Southport,PR8 1HU
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
6
- BATHROOMS
3
- SIZE
2,500 sq ft
232 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- KO1148 -Multi-Unit Freehold Block: Substantial semi-detached period property fully converted into 3 self-contained flats.
- 6 Bedrooms / 3 Bathrooms: Configuration offers three spacious 2-bedroom apartments with high-capacity layouts.
- Online Public Auction: Prime investment asset available with transparent exchange terms.
- Proven High-Yield History: Historically generated £30,780 gross per annum on the open rental market.
- Independent Utilities: Separate meters and individual mains gas combination boilers fitted for each unit.
- Fully Double Glazed: Upgraded double-glazed window units installed throughout for improved thermal efficiency.
- Strong Energy Rating: Modern insulation and energy-efficient setups across the residential units.
- Excellent Town Centre Location: Located on Portland Street with immediate access to Southport’s local amenities.
- Prime Commuter Footprint: Short walk to nearby public transport links and Southport train station.
- Turnkey Rental Asset: Ideal block acquisition for landlords expanding a high-demand property portfolio.
Description
KO1148 - An exceptional high-yielding investment opportunity to acquire a substantial semi-detached period building fully converted into 3 self-contained flats in Portland Street, Southport (PR8 1HU). Offered for sale via online public auction, this Multi-Unit Freehold Block (MUFB) represents a premier addition for seasoned landlords or developers seeking an immediate turnkey asset.
The property features a high-capacity total layout comprising 6 bedrooms, 3 bathrooms, and 3 reception rooms (configured as three spacious 2-bedroom apartments). Each individual flat benefits from mains gas central heating with individual combination boilers, full double glazing, and independent electrical meters.
Historically generating a strong gross income of £30,780 per annum via a local agent, the block commands consistently high rental demand. Situated in a highly accessible town centre footprint, tenants enjoy immediate access to local shops, train links, and amenities. A rare, robust auction lot with multiple revenue streams from day one.
PROPERTY INFORMATION
Tenure: Freehold with vacant possession
Services: Mains water, Electricity, Double glazing, Gas central heating, FTTC Broadband
EPC: C
Flood Risks: Very Low
Local Authority: Sefton Council with One-stop shop at Southport located within The Atkinson, Lord Street, Southport, PR8 1DB
NOTE - This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: B
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- No wheelchair access
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Visit our security centre to find out moreDisclaimer - Property reference S1901975. 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 eXp UK, North West. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call eXp UK, North West on 03330 499885.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.