£1,695,000 For Sale

Park Road, Ormskirk, L39

20

Key Features

  • High Quality Modern Development
  • 11x Self Contained Apartments (9x2 bed, 2x1 bed) Let as Student Accommodation
  • Gross Income Approximately £138,000 per annum (2017/18).
  • Located to Ormskirk Town Centre and within 1 Mile of Edge Hill University Campus
  • 9x Private Parking Spaces (let separately) and 2x Garages
  • Well Presented Internals and Communal Areas

Modern Town Centre Residential/Student Accommodation Investment Property. The scheme was developed in 2007 providing 11 high quality purpose built self-contained apartments originally designed for the private let or resale market. The building was constructed to a high standard with concrete floors and detailed fenestration with similar attention paid to the internal finishes and presentation. Currently the property undoubtedly provides for some of the best student accommodation in the town. The development comprises 9x 2 bedroom and 2x 1 bedroom apartments together with a private car park providing 9 spaces and 2 single garage units. Our client has separately let the car parking spaces creating an additional income stream. Presently we understand the garage units remain vacant, with scope therefore to generate further revenue. Demand for the accommodation is high. The gross income for the 2017/18 academic year is understood to be circa £138,000 (8.14% gross). A full breakdown is available on application together with approximate management and maintenance costs.
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