Commercial property for sale in 10 - 12, Park Road, Ormskirk, Lancashire L39

Offers in region of £1,595,000
20
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Property 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

Property description

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 (8.65% gross).

A full breakdown is available on application together with approximate management and maintenance costs.

Property info

Nearby transport

  • Ormskirk (0.3 miles)
  • Aughton Park (0.9 miles)
  • Town Green (1.8 miles)
  • Blackpool International Airport (15.3 miles)
  • Liverpool John Lennon Airport (16.2 miles)
  • Manchester International Airport (29.1 miles)
  • Liverpool Belfast Ferry Terminal Bootle (9.8 miles)
  • Liverpool Isle of Man & Dublin Terminal (12.0 miles)
  • Liverpool Pier Head Ferry Terminal (12.0 miles)

Nearby schools

View all schools in West Lancashire
  • Ormskirk St Anne's Catholic Primary School (0.2 miles)
  • Ormskirk Church of England Primary School (0.5 miles)
  • Ormskirk Asmall Primary School (0.7 miles)
  • South Sefton College (7.2 miles)
  • Everton Free School (9.5 miles)
  • Harmonize Academy AP Free School (10.9 miles)
  • St Bede's Catholic High School (0.4 miles)
  • Ormskirk School (0.8 miles)
  • Burscough Priory Science College (2.9 miles)
Note: Distance is shown as a straight line measurement

Local info for West Lancashire

About the neighbours in L39

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For more information about this property, please contact
Fitton Estates, PR9 on +44 1704 206875 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Fitton Estates, and do not constitute property particulars. Please contact Fitton Estates for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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