£315,000 For Sale

Hawkshead Street, Southport, PR9


Key Features

  • 7 Flats/bedsits - HMO residential investment property
  • Freehold
  • Each unit separately metered for gas and electricity. Landlord's meter for communal areas
  • Prerequisite HMO licence from Sefton NBC in place
  • Solar panel income
  • Same ownership since 1976
  • Scope to modernise and increase rental income

Imposing semi-detached property with parking to the front and lawn garden to the rear. Benefit from uPVC double glazed windows, card meters for electricity and gas in addition to a landlord's meter for communal areas. There is a central fire alarm system and the property has the prerequisite HMO (Houses in Multiple Occupation) licences from Sefton NBC which we understand currently has a 5* rating, further details are available on request. A solar panel system is also installed and it is estimated it provides an annual income of approximately £700. Comprising of 7 letting units (a combination of self-contained flats and bedsits), the following units are let on assured shorthold tenancy agreements and providing the following monthly rentals:- Unit 1 £346 per calendar month. Unit 2 £303 per calendar month. Unit 5 £325 per calendar month. Unit 7 £303 per calendar month. The following units are offered with vacant possession with the following estimated rentals:- Unit 4 £325 per calendar month. Unit 6 £346 per calendar month. Unit 8 £390 per calendar month (refurbished top floor flat) (Please note there is not a Unit 3). The property has been in the same ownership since 1976 and, whilst it is well maintained, offers scope to modernise the accommodation and potentially increase rental income. Please note, it is proposed the currently tenanted units enter into new six month AST agreements from completion. On the current and estimated rental figures, the property will produce approximately £28,080 per annum once fully let (plus solar panel income).
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