18-20 Coronation Walk, Southport, PR8 1RE

Details

Coronation Walk Offices and Apartments

FOR SALE BY AUCTION

AUCTION START TIME: 10AM THURSDAY 26TH SEPTEMBER 2024

AUCTION END TIME: 12PM THURSDAY 26TH SEPTEMBER 2024

Flexi Agent are proud to promote this EXCELLENT INVESTMENT OPPORTUNITY, currently FULLY LET achieving approximately £88,200 pa annum (current owner pays bills).

This exciting proposition offers a staggering 13.5% gross investment yield at the advertised price & contains a mixture of first, second and third floor apartments and a ground floor office space.

A breakdown of the income can be seen below:

Office Rent: £1500pcm including bills Apartment 1: £800pcm including bills Apartment 2: £800pcm including bills Apartment 3: £900pcm including bills Apartment 4: £800pcm including bills Apartment 5: £800pcm including bills Apartment 6: £800pcm including bills Apartment 7: £950pcm including bills

The property is split into 7 self contained apartments and a ground floor office.

Each individual unit has been recently FULLY MODERNISED, with significant investment having already been made, completely future proofing the investment for the successful purchaser.

Externally, the property offers a private car park to the rear, which is utilised by the ground floor office.

*********************AVAILABLE NO CHAIN**************************

Viewings available upon request.

Tenure: Freehold

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% (plus VAT) of the purchase price.

The Buyer’s Fee is always subject to a minimum of £4,000 (plus 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.