28 Scarisbrick Avenue, Southport, UK

Einzelheiten

FOR SALE BY AUCTION

FOUR UNITS, GUIDED AT £36,250 EACH - ALL ON 1 TITLE

Located in Southport Town centre the property offers great transport links and is close by to a plethora of amenities. This property is an ideal investment opportunity. The property comprises of a commercial property operating as a restaurant and has three studio apartments all with long term tenants.

Freehold building -

Lower ground floor shop / commercial £100 PW / £400 pcm

First floor £320 pcm

Second floor £400 pcm

Third Floor £320 pcm

Combined current income - £1440 pcm

Yield - £150,000 - 11.5% £160,000 - 10.8% £170,000 - 10.1%

Potential Rents after review -

Lower ground floor shop / commercial £125 PW / £500 pcm

First floor £450 pcm

Second floor £450 pcm

Third Floor £450 pcm

Combined Potential income - £1850 pcm

Yield -

£150,000 - 14.8%

£160,000 - 13.8%

£170,000 - 13.0%

All Studios (1Bed)

All Electric

The following non-refundable fees apply:

Buyer's Fee

A Buyer’s Fee is payable on exchange of contracts. This is calculated as a percentage of the actual purchase price of the property.

4% (including VAT) of the purchase price.

The Buyer’s Fee is always subject to a minimum of £6,000 (including VAT). The Buyer’s Fee does not contribute to the purchase price..

Deposit

On exchange of contracts, you must pay a non-refundable deposit equal to 10% of the actual purchase price of the property. The deposit contributes towards as part of the purchase price.