Fitton Estates are delighted to present 42 & 44 Duke Street, Southport, an established residential investment opportunity comprising two neighbouring income-producing assets held under separate freehold titles.
Available either individually or as a combined acquisition, the properties currently generate a total rental income of approximately £65,880 per annum from ten self-contained residential apartments. The portfolio provides investors with an attractive combination of immediate income, diversified tenancy risk and future rental growth potential.
The properties are configured to provide a mix of studio, one-bedroom and larger residential accommodation, appealing to a broad range of occupiers and supporting strong occupancy levels. The accommodation has proven particularly attractive to long-term tenants seeking affordable accommodation within a highly accessible town centre location.
The portfolio is fully let and generates an established income stream from existing occupational tenancies. The sale will be completed subject to the current tenancy agreements and tenants will remain in occupation following completion. Existing tenancy arrangements will transfer to the purchaser, ensuring continuity of income from day one and providing a seamless transition of ownership.
Acquiring both buildings provides ownership of a substantial town centre residential portfolio whilst benefiting from operational efficiencies associated with neighbouring assets. Equally, each property represents an attractive standalone investment opportunity with established income and proven tenant demand.
42 Duke Street
Asking Price: £399,950
Current Income: £38,580 Per Annum
Gross Yield: 9.65%
42 Duke Street comprises a substantial period conversion arranged over ground, first and second floors and configured to provide six self-contained residential apartments.
The accommodation comprises a mixture of studio, one-bedroom and larger residential units, providing a diverse rental offering that appeals to a broad range of occupiers. The apartments benefit from fitted kitchens, bathroom facilities and practical living accommodation throughout.
Several of the larger units provide generous living areas and double bedrooms, making them particularly attractive to long-term occupiers and professional tenants.
The property has established itself as a successful income-producing residential investment and is offered for sale subject to the existing occupational tenancies.
44 Duke Street
Asking Price: £299,000
Current Income: £27,300 Per Annum
Gross Yield: 9.13%
44 Duke Street comprises a residential investment property arranged as four self-contained apartments. The accommodation comprises a mixture of one and two-bedroom apartments providing affordable and attractive residential accommodation within Southport town centre. The apartments benefit from generous room proportions, fitted kitchens, bathroom facilities and well-configured living accommodation.
The property benefits from a diverse tenant profile and provides a strong income-producing investment opportunity with established occupancy and proven rental demand.
Held under a separate freehold title, the property may be acquired independently or as part of the wider portfolio acquisition.
COMBINED PORTFOLIO
The combined portfolio provides ownership of ten income-producing residential apartments arranged across two neighbouring buildings.
The varied accommodation mix creates a diversified rental income stream whilst reducing reliance upon any individual tenancy. Producing a current rental income of approximately £65,880 per annum, the portfolio offers investors immediate scale together with opportunities for management efficiencies and future value enhancement.
The separate freehold titles provide flexibility for purchasers, allowing acquisition of either individual asset or the entire portfolio depending upon investment objectives.
A comprehensive due diligence pack is available to interested parties.
Documentation available includes:
Assured Shorthold Tenancy Agreements (ASTs)
Current Tenancy Schedule
EPC Certificates
Gas Safety Certificates
Electrical Installation Condition Reports (EICRs)
Deposit Protection Information (where applicable)
The properties are offered subject to the existing occupational tenancies and all tenants will remain in occupation following completion.
Further legal, tenancy and compliance information can be made available on request.
