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15 bedroom block of apartments for sale
Castle Walk, Southport
£825,000
Castle Walk, Southport
£825,000
Price History
Initial price | £1,250,000 |
08/08/24 | £1,150,000 |
31/10/24 | £825,000 |
Price Change | -34.00% |
Description
This excellent investment opportunity in central Southport is currently fully let, with 100% occupancy and no arrears. The property is split into five apartment blocks, with a total of 15 one-bedroom units, each with a current rent that is due to be increased within the next month. This will provide an estimated annual income of £90,000, yielding 10% return on investment. The property is available for purchase with no onward chain, making it an attractive opportunity for investors.