We have a brilliant opportunity to purchase a very generous investment block. This investment consists of 8 x 1 & 2 bed flats and 7 commercial units and garage/workshops to the rear. Also benefitting from rear residential parking.
The current annual yield for this block is £74,511.96 but it has the potential to achieve approx £90,000-£95,000 per annum when all units are occupied.
Located in Bromborough, Wirral in a highly respected residential/commercial area, this block has always been in high demand and you will never have any issues letting the properties that are included.
69 Acre Lane- Spacious 2 bedroom flat approx 80 sq.m. Recently fully refurbished and will generate around £7200 per annum. This flat is currently unoccupied as the refurbishment is just being finished.
1 Dawpool Drive- Large 1 bedroom flat, refurbished in 2013 and generates £5400 per annum.
3 Dawpool Drive- Large 1 bedroom flat, refurbished in 2019, generating £6000 per annum.
5 Dawpool Drive- 2 bedroom flat with private balcony, fully refurbished in 2015, generating £6900 per annum.
7A Flat 1 Dawpool Drive – 1 bedroom flat, refurbished in 2015 generating £6000 per annum.
7A Flat 2 Dawpool Drive- One bedroom flat, refurbished in 2016 generating £5400 per annum.
9A Flat 1 Dawpool Drive- one bedroom flat, refurbished in 2014, generating £5400 per annum.
9A Flat 2 Dawpool Drive- Two bedroom flat, generating £4650 per annum.
1 Dawpool Drive- Large unit approx 125 SQ. M. The unit has had previous planning to be converted into two flats (1 x 1 bedroom and 1 x 2 bedroom) This unit could be split into two commercial units or kept as one large unit. This unit is currently unoccupied awaiting development.
3 Dawpool Drive – Unit is approx 27.5 SQ.M and is currently let out as a “Takeaway Pizza” business. Lease start date was 03/03/03 for 20 years, generating £5200 per annum.
5 Dawpool – Unit is approx 29.3 SQ.M. Currently occupied as a hairdressers. There is a new 7 years lease from 01/07/20 generating £5400 per annum. There is a break clause with a 3 month notice period at the end of the third anniversary.
7 Dawpool Drive- Unit is approx 63.5 SQ.M. Currently a convenience store trading as Premier. There is a 21 year lease in place from 16/04/09, generating £7800 per annum.
9 Dawpool Drive- Unit is approx 54.5 SQ.M. currently let as a sunbed shop and nail bar. There is a 5year lease from 01/07/20 with a three month written notice period after the third anniversary, generating £7200 per annum.
9B Dawpool Drive – Unit is approx 25.6 SQ.M, currently trading as an eyebrow studio and make-up bar. There is a 5 year lease from 01/07/20 generating £3600 per annum. There is a here month notice period after the third anniversary.
11 Dawpool Drive- Small office unit let out on a 999 year lease with annual income of £25 per annum.
Rear Garage Workshop- Current tenant has been in place for over 30 years. There is no lease in place ad current rent is £5616 per annum. The unit is approx 69.9 Sq.M. There has been previous planning on this part of the site for 4 x 1 bedroom flats. As the unit is broken down into two units I would easily achieve a higher rent of around £10,000 per annum.
There is a small vacant garage/workshop which is currently used as storage but if this was refurbished would achieve a minimum of £2400 per annum.
- 8 x 1 & 2 BEDROOM FLATS
- INVESTMENT OPPORTUNITY
- 7 COMMERCIAL UNITS PLUS GARAGES/WORKSHOPS
- HUGE POTENTIAL TO EXPAND
- Address: 1-11, Dawpool Drive, Bromborough, Wirral, CH62 6DE
- Price: Asking price of £775,000
- Status: Sold