Southport, PR9 0SE | Investment Property for Sale | VES-PR9-001

Opportunity to purchase an apartment in Southport generating £7,140 rent pa & 7.1% gross yield

£99,950

Studio Apartment

VES-PR9-001

INITIAL INVESTMENT

£30,486

Based on

deposit: £24,988

stamp duty: £2,999

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£7,140

GROSS YIELD

7.1%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£200

SERVICE CHARGE

£360

0 bedrooms

1 bathroom

1 reception room

282

Fully Furnished

Please note that this property is also part of a larger portfolio listing

Leasehold information

  • Length of lease: TBC
  • Year lease started: TBC

Property information

  • Located on the ground floor
  • Brand new gated development
  • Studio apartment
  • Open plan kitchen/living room
  • Private resident and visitor parking available
  • Access to the residents' gym and roof terrace
  • Private gardens
  • EPC rating B
  • Monthly rental income £595

Location information

  • Southport railway station is just over half a mile from the property
  • The city centre is also within walking distance

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

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 Southport, Merseyside

Southport is a large seaside town in the county of Merseyside, in north-west England. It is situated 17.4 miles south-west of Preston, 18.7 miles north of Liverpool and 29.7 miles west of Bolton.

This area is serviced by Southport railway station and this property is located a short 5-minute walk away from this station. This station is the terminal stop of the Southport branch of the Northern Line managed by Merseyrail and the Manchester-Southport Line operated by Northern. Merseyrail runs a service to Hunts Cross via Liverpool central every 15-minutes from this station from Monday to Saturday. Northern operates 2 trains per hour to Manchester Victoria via Wigan Wallgate and Atherton, which then continues down the line to Rochdale and alternates to Blackburn via the East Lancashire or Leeds via Brighouse.

Southport town centre is filled with an abundance of fine local independent stores and familiar high street brands, especially in the Wayfarers Shopping Arcade which is a Grade II listed building and home to over 30 independent stores and boutiques, making for a more personal shopping experience. The Lord Street is the backbone of this shopping area and is lined with an array of café, bars and restaurants. Ocean Plaza is also a stone’s throw away from this property, just past the Model Railway Village and Pleasureland attractions. Ocean Plaza offers additional daytime retail options, as well as entertainment and attractions such as a cinema and bowling alley.

Southport’s economy is mainly focused on the tourism that floods in during the summer and warmer seasons but is also home to many businesses in the private and public sector. Liverpool is just a short hour commute from Southport and opens a whole world of job opportunities, as it is one of the economic cores of north west England. In recent years Liverpool has established itself as a service sector, with over half the jobs in the city being associated with public administration, education and health.

Hall Street,

Southport,

Merseyside,

England,

PR9 0SE

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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