TYPEHouse, Mixed Use, Other, Residential, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON23rd August 2021
An exciting investment opportunity has arisen to purchase a 7-bed all en-suite HMO in Wallasey, Merseyside, which has high yield potential. The property is currently undergoing full back to brick refurbishment to a very high standard and we anticipate completion of works imminently. Sui Generis planning has been approved and further information on all of the works carried out can be provided upon request.
We expect that the rooms will be marketed and up for rent in the next two weeks, with the vendor also being happy for the rooms to be tenanted prior to completion of the refurbishment - a reputable local managing agent has already been approached to facilitate this.
Trafalgar Road is served by the by the nearby 411 bus route to Birkenhead which also provides rail services allowing 30 minute travel to Liverpool, door to door. Wallasey is a large town of 60,000+ inhabitants located on the corner of the Wirral Peninsula, with regular rail services to Liverpool and Birkenhead. A regular bus service (every ten minutes) also provides services to Liverpool. Wallasey provides excellent employment opportunities locally via the shopping area of Liscard, the industrial dockland regions and further afield to Ellesmere Port and Liverpool. Wirral Waters is an exciting on-going development which has £4.5 billion of allocated funds to projects such as an industrial park, office space, education and transport.
With a gross yield of circa.13% and an anticipated income of £35,619.60 PA at full occupancy this is a fantastic turn key investment and high yielding HMO.
*Please note that the pictures are of previous projects the sellers have worked on. We estimate that up to date photos and video tour will be available in the coming weeks.