Block of flats for sale in 38 Elm Grove, Birkenhead, Merseyside CH42

A residential investment opportunity producing £32,388 per annum.

A 3 storey plus basement semi detached house converted to provide 8 self contained flats ( 3 x 1 bedroomed and 5 x studio's)

7 of the flats are currently let by way of Assured Shorthold Tenancy Agreements producing a rental income of approximately £32,388 per annum. When fully let the potential rental income is approximately £36,000 per annum.

The property benefits from double glazing, electric heating, intercom entry system, large rear garden and car parking to the front for several cars.

Situated
Off Derby Road in a popular and well established location close to local amenities, schooling and approximately 1 mile from Birkenhead Town Centre and Queensway Tunnel linking to Liverpool City Centre.

Basement
Flat 1 - (Separate Entrance) Lounge, Kitchen, Bedroom, Bathroom/WC.

Ground Floor
Flat 2 - (Separate Rear Entrance & Private rear Garden) Open Plan Lounge/Kitchen, Bedroom, Shower Room/WC.
Main Front Entrance
Flat 3 - (Studio) Lounge/Bedroom, Kitchen, Shower Room/WC.
Flat 4 - (Studio) Lounge/Bedroom, Kitchen, Shower Room/WC.

First Floor
Half Landing : Flat 5 - (Studio) Lounge/Bedroom, Kitchen, Shower Room/WC.
Flat 6 - (Studio) Lounge/Bedroom, Kitchen, Shower Room/WC.
Flat 7 - (Studio) Lounge/Bedroom, Kitchen, Shower Room/WC.

Second Floor
Flat 8 - Lounge, Kitchen, Bedroom, Shower Room/WC.

Outside
Communal Rear Gardens, Parking for Several Cars, Garage.

EPC Ratings

1 - D
2 - E
3 - E
4 - C
5 - C
6 - C
7 - C
8 - E

Council Tax Band

A

Get ready to bid by visiting the auctioneers website

guide prices & reserve prices

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.