Investment Opportunity – Tenant in Situ | 9%+ Gross Yield | Large Private Balcony

An excellent opportunity to acquire a tenanted one-bedroom apartment within the sought-after 188 Lord Street development, right in the heart of Southport town centre. Producing £730 per calendar month (£8,760 per annum), the property offers an attractive investment opportunity with an established tenant already in occupation.

Situated on the fifth floor, the apartment benefits from a particularly generous private balcony extending to approximately 6 metres in length, allocated underground parking and a secure, lift-served development.

The accommodation briefly comprises an entrance hallway, spacious lounge/dining room, fitted kitchen, double bedroom and bathroom. The large balcony provides excellent additional outdoor space, enjoying a pleasant aspect towards the internal courtyard and neighbouring church.

Further benefits include:

– Tenant in situ – rental income from completion
– Current rent of £730 PCM (£8,760 PA)
– Gross yield of approximately 9.2% at £95,000
– Generous private balcony measuring approximately 6 metres
– Allocated secure underground parking
– Fifth-floor position with lift access
– Secure communal entrance
– Quiet courtyard-facing aspect
– Approximately 970 years remaining on the lease
– Service charge of £1,652.30 per annum

Ideally positioned for Southport’s shops, restaurants, transport links and wider town-centre amenities, this is a particularly appealing proposition for investors seeking an established rental property with several desirable features.

Offered at Offers Over £94,950. Early viewing is recommended.

DISCLAIMER: Photos and Floorplans are for guidance only.