5 bedroom Detached house for sale in Kensington Road Southport PR9

Sale Price: £Offers over 500,000

Kensington Road, Southport PR9

Detached
5 Bed(s)
3 Bath(s)
Available

 18-20 Coronation Walk, Southport, PR8 1RE
*When you call don't forget to mention Overstreet.co.uk

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Street Address

Kensington Road, Southport PR9

Property description

***investment opportunity*** ***commercial & residential premises*** ***office plus three residential apartments*** ***high specification*** ***two 2 bedroom apartments, one 1 bedroom apartment*** ***converted 5 years ago*** ***fantastic investment yield*** ***ample parking***

Flexi-Agent are delighted to present this mixed use, part commercial, part residential property to the open sales market. The property is split into a ground floor shop/office and three apartments. The office is situated on the ground floor of the building, alongside a one double bedroomed apartment. The first floor has been split into two, 2 bedroomed apartments, all of which have returned a brilliant income for the current owners.

The entire premises has been converted and upgraded recently and is maintained to a high specification throughout. The property is situated in a prime central Southport location, making this a fantastic investment opportunity for guaranteed future income.

Investment Income Details:

Ground floor office: Approximate Rental Income; £1000 pcm
Ground floor apartment: Previous Rental Income; £570pcm
First floor apartments: Previous Rental Income; £625pcm/£1300pcm total
Overall Prospective Monthly Rental Income: £2870
Overall Prospective Yearly Rental Income: £34,440

The present owner has not increased the rental values for considerable time, therefore the overall income could be increased, providing a better future yield.

Available for purchase with no onwards chain!

Viewing is available immediately by appointment.
Amenities

Investment Opportunity

Commercial Ground Floor

Shop/Office

Three Apartments

Two 2 Bedroom Apartments

One 1 Bedroom Apartment

High Specification

Converted 5 Years Ago

Ample Parking

No chain

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