Residential Investment Opportunity
A pair of Double Fronted Semi-Detached Houses
Divided into 12 Studio Apartments
Currently Projected to Provide an income of £52,800 pa
Electric Heating (no gas)
Town Centre Location
Adjacent to the Promenade
An excellent opportunity has arisen to purchase a pair of adjoining double fronted semi-detached houses which are located within the town centre of Southport and adjacent to the Promenade, Marine Lake and Foreshore. The properties have been converted to provide 12 studio apartments currently providing a projected annual income of £52,800 with all tenancies being Assured Shorthold. At the time of preparing these particulars, the existing tenancies are at a rental of £350 pcm but as they become vacant they are advertised at £400. Four of the twelve apartments are currently being advertised at £400 and eight are existing tenancies at £350 pcm. When all apartments are let at £400 this will provide an annual income of £57,600. The apartments are approached via two main halls, there is parking to the front and a patio to the rear.
Booth Street is located between Bold Street and Seabank Road which both run between the Promenade and Lord Street, the main thoroughfare of Southport's town centre.
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