For Sale
Southport – Attractive majority let freehold residential investment opportunity
Warren Court, Southport, PR8 2DE
Offers in excess of £5,000,000
- Property Type:
- Residential
- Tenure:
- Freehold
Description
- Freehold
- Comprising 54 flats (52 x two bed, 2 x one bed)
- Majority let subject to Assured Shorthold Tenancies
- Located in the affluent coastal town of Southport, Merseyside
- Total Current Rent Reserved: £353,980 per annum
- Total Estimated Rental Value: £408,600 per annum
- Potential for additional storeys through PD (subject to necessary consents)
Offers in excess of £5,000,000 are invited for the Freehold interest, subject to all existing tenancies, subject to contract.
A purchase at this level would reflect a gross initial yield of 7.08% (based upon passing rent) and 8.2% (based upon ERV).
Subject to contract