Greenbank Road, Birkenhead, Wirral, CH42
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
4
- BATHROOMS
4
- SIZE
2,788 sq ft
259 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
- Block of four self-contained flats
- Fully let at £2,250 pcm (£27,000 pa)
- Gross yield of 9.5% at the asking price
- Flats 2 and 4 fully renovated
- Flats 1 and 3 let to long standing tenants
- Clean fire risk assessment and new fire doors
- All certificates up to date
- Gas central heating to all flats
- Flats range from 33 sqm to 86 sqm
- Estimated potential income of around £30,000 pa
Description
The seller advises that the current rent roll is £2,250 pcm, which is £27,000 per annum.
Flat 1: one bedroom, 62 sqm (667 sq ft), £550 pcm
Flat 2: studio, 33 sqm (355 sq ft), £525 pcm
Flat 3: one bedroom, 86 sqm (926 sq ft), £550 pcm
Flat 4: two bedroom, 78 sqm (840 sq ft), £625 pcm
Sizes are taken from the EPC register.
Flats 2 and 4 have been fully renovated. Flats 1 and 3 are let to long standing tenants, who the seller advises intend to stay. These two flats have been updated by the seller around the tenants and would benefit from modernisation should they become vacant.
The seller advises that the building has a clean fire risk assessment, new fire doors and up to date certificates. All flats have gas central heating.
At the asking price the gross yield on the current rent is 9.5%. Market asking rents for similar flats in the area suggest Flats 1, 3 and 4 could achieve higher rents, with total income of around £30,000 per annum possible.
This property is offered to investors only.
Buyer's fee 2% + VAT applicable.
Brochures
Brochure 1- 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: TBC
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Front garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
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Affordability
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 63 Greenbank Road. 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 LOFT PROPERTY INVESTMENTS, Manchester. 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.
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