Size: 3,211 Sq Ft (298.3 Sq M)
For Sale
Property Details
For Sale: £300,000 Offers In The Region Of
Key Features
Residential Investment Opportunity
2 x 2 bedroom apartments & 2 x 3 bedroom apartments
Currently generating an income of £33,600 per annum
Gross Initial Yield of 11.2%
Net Initial Yield of 8.46%
Possibility to increase rents subject to refurbishment works
To be sold on new 250 year long leases at a peppercorn rent
Offers in the Region of £300,000 exclusive
May sell individually - Offers in Excess of £75,000 per flat
Description
The property comprises 4 x generously sized apartments situated above a retail shopping parade, with access provided to the rear of the parade. The accommodation consists of two 2-bedroom apartments and two 3-bedroom apartments, all arranged over two floors. Each apartment offers a fitted kitchen, bathroom and notably large living room, with the bedrooms positioned on the second floor to provide a practical separation between living and sleeping areas. Although finished to a basic standard throughout, the apartments benefit from spacious layouts and well-proportioned rooms, presenting an excellent investment or rental opportunity.
The apartments are all currently occupied and produce a gross rental income of £33,600 per annum which reflects a 11.2% Gross Initial Yield and a Net Initial Yield of 8.46% .
Section 13 notices have been served and annual rents are to increase to £8,400 per annum, per flat, from July 2026. Please see current Tenancy Schedule below.
The apartments are to be sold long leasehold on 250 year long leases.
Location
The subject properties are located above Bleasdale Shopping Centre, which occupies a prominent corner position at the junction of Ormskirk Road (A59) and Oundle Drive in Aintree, approximately 6 miles northeast of Liverpool City Centre. Liverpool is one of the North West's principal commercial centres and is situated around 35 miles west of Manchester, benefiting from excellent road connections via the M58 and M62 motorways, both of which link directly to the wider M6 motorway network.
The properties are well served by public transport, with Old Roan Railway Station positioned directly opposite, providing regular Merseyrail services to Liverpool Central in approximately 20 minutes, as well as connections towards Ormskirk.
The surrounding area is an established retail and leisure destination, with a strong mix of national and independent occupiers nearby including Tesco Express, Domino's Pizza, Sports Direct and Everlast Gyms. Aintree Shopping Park is located within a short walking distance and includes a number of well-known retailers such as B&Q, Marks & Spencer, Boots, Greggs, Halfords, DFS, Pets at Home and Next.