Block of flats for sale

Weld Road, Birkdale, Southport PR8

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

Seven Flats Let with One Vacant Flat Offering Asset Management Potential

Investment Let at £47,832 per annum

Description

The property comprises a high yielding residential investment located in an affluent coastal suburb.

Arranged as a four storey block comprising 5 x two bedroom and 3 x one Bedroom flats, the property is part-let on Assured Shorthold Tenancy (AST) agreements with one flat vacant and producing a total £49,056 per annum.

We consider the property benefits from asset management potential via letting of the vacant flat, with an erv of £54,000 if fully let.

The property may also benefit from further 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