From
£470,000
Block of flats for saleWeld Road, Birkdale, Southport PR8
- Auction
Savills - National Auctions
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About this property
High Yielding Residential Investment
Block of 8 x One Bedroom Flats
Fully Let to Separate Tenants
Asset Management Potential Via Renewal and Improvement of Rents
3,520 sq ft (327 sq m)
Affluent Coastal Location
Investment Let at £49,056 p.a. (10.4% giy on Guide Price)
Strapline
Auction Sale - 05/11/2025 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
High Yielding Residential Investment Comprising a Block of Eight Flats
Fully Let to an Separate Tenancies with Asset Management Potential Via Renewal and Improvement of Rents
Investment Let at £49,056 per annum
Description
The property comprises a high yielding residential investment located in an affluent coastal suburb.
Arranged as a four storey block comprising 8 x one bedroom flats, the property is fully let to private individuals on separate Assured Shorthold Tenancy (AST) agreements and producing a total £49,056 per annum.
We consider the property may benefit from asset management potential via renewal of the leases, with many currently being periodic tenancies of six months. There may also be potential to improve the annual rents with several flats generating higher sums than others. Please see the tenancy schedule and legal pack for more information.
The property is situated in Birkdale, an affluent suburb of Southport adjacent to the coast and the Ainsdale and Birkdale Sandhill Nature Reserve. Central Southport is approximately 1.3 miles to the north, whilst Royal Birkdale Golf Course is approximately 1.4 miles to the south.
Location
- Birkdale Metro Station - 0.6 miles
- Southport Station - 1.3 miles
Tenancy
Please see the tenancy schedule and legal pack for more information.
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