6 bed block of flats for sale

Portland Street, Southport PR8

KO1148 - An exceptional high-yielding investment opportunity to acquire a substantial semi-detached period building fully converted into 3 self-contained flats in Portland Street, Southport (PR8 1HU). Offered for sale via online public auction, this Multi-Unit Freehold Block (mufb) represents a premier addition for seasoned landlords or developers seeking an immediate turnkey asset.

The property features a high-capacity total layout comprising 6 bedrooms, 3 bathrooms, and 3 reception rooms (configured as three spacious 2-bedroom apartments). Each individual flat benefits from mains gas central heating with individual combination boilers, full double glazing, and independent electrical meters.

Historically generating a strong gross income of £30,780 per annum via a local agent, the block commands consistently high rental demand. Situated in a highly accessible town centre footprint, tenants enjoy immediate access to local shops, train links, and amenities. A rare, robust auction lot with multiple revenue streams from day one.

Property information

Tenure Freehold with vacant possession

Services: Mains water, Electricity, Double glazing, Gas central heating, fttc Broadband

EPC: C

Flood Risks: Very Low

Local Authority: Sefton Council with One-stop shop at Southport located within The Atkinson, Lord Street, Southport, PR8 1DB

note - This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.