Opportunity to purchase a 10-unit block in Birkenhead with the potential to generate a 6.9% gross yield
£1,300,000
10-unit Block
VES-CH41-001
INITIAL INVESTMENT
£376,500
Based on
deposit: £325,000
stamp duty: £40,000
mortgage fees: £1,500
conveyancing fees: £10,000
GROSS RENT
£90,000
GROSS YIELD
6.9%
The block
TENURE
Freehold
NO OF UNITS
10
TENANCY STATUS
Vacant
FURNISHED
Yes
TOTAL SQ FT
5,920
PRICE SQ FT
£220
Block information
- The property is a Grade I listed building being restored and converted into apartments
- Comprising 10 x 2-bed apartments spread over 5 floors (basement to third floor)
- Works are expected to finish in July 2022
- The property will come with a 10-year warranty
- All apartments will come fully furnished
- EPC ratings: tbc
Rental income
Once fully let it is expected that the property will generate:
- Aggregate monthly rental income: £7,500
- Aggregate annual rental income: £90,000
- Aggregate gross yield: 6.9%
Location information
- The property is located in the centre of Birkenhead
- Local amenities, shops and restaurants are only a short walk away
- Hamilton Square railway station is just 250 yards from the property
- Easy access to the road network, especially into Liverpool
Available upon request
- Breakdown of the block
- Full floorplans
Note
Please note that Vesta has not visited this property and that all material has been provided by the vendor.
The floorplans are examples of 2-bed apartments in this development. Layout and sizes will vary.
The photos are CGI images and are for reference only.
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REQUEST BLOCK DETAILS
Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Birkenhead, Merseyside
Birkenhead is a town in Borough of Wirral, Merseyside. Located on the Wirral Peninsula, along the west bank of the River Mersey, within 10 minutes of Liverpool and close to Cheshire, North Wales and Greater Manchester.
At the 2011 census, it had a population of 88,818. More than 3 million people live inside a 45 minute peak-time commute area that employers recruit from, and around 7 million live within an hour. Close to 832,000 residents in this area are of working age.
Manufacturing employment is a strong component of the workforce profile, with proportionately more residents working in various manufacturing activities than in the region or across England as a whole. Firms include JLR, GM and Airbus.
More than a thousand offshore wind turbines are planned for the Irish Sea and Wirral is fast-becoming the main hub on the west coast of the country, for manufacturing, operations and maintenance. Cammell Laird, DONG Energy, Siemens and RWE are all active here.
Wirral is also a key location for Unilever's operations. Port Sunlight is home to its largest European manufacturing site, producing well-known laundry and homecare. Wirral is also home to one of Unilever's six global research and development centres, driving innovation in household brands.
Wirral provides a wide choice of education including several independent and grammar schools and a metropolitan college. The area is also located closely to several world-class universitesi in Liverpool and Manchester.
Wirral is highly connected for local businesses; all adjacent to the motorway network, putting you just a few minutes from Liverpool, Manchester in less than an hour and Birmingham in under two. Liverpool is one of the few cities outside London to have its own underground and commuter railway known as Merseyrail offering fast access around the city centre and to the Wirral, Southport and Chester amongst other places.
Fast trains to London take just over two hours from Chester and Liverpool. Two airports also connect the area – Liverpool John Lennon and Manchester with flights to more than 200 international destinations and a major air freight hub less than an hour’s drive away.
Hamilton Square,
Birkenhead,
Merseyside,
England,
CH41 6AX
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