Greenbank Road, Birkenhead, Wirral, CH42 7JT

A Victorian semi-detached building in Birkenhead, converted into four self-contained flats and fully let.

The current rent roll is £2,250 pcm (£27,000 per annum).

Flat 1: one bedroom, 62 sqm (667 sq ft), £550 pcm Flat 2: studio, 33 sqm (355 sq ft), £525 pcm Flat 3: one bedroom, 86 sqm (926 sq ft), £550 pcm Flat 4: two bedroom, 78 sqm (840 sq ft), £625 pcm

Flats 2 and 4 have been fully renovated. Flats 1 and 3 are let to long standing tenants, who the seller advises intend to stay. These two flats have been updated by the seller around the tenants and would benefit from modernisation should they become vacant.

The building has a clean fire risk assessment, new fire doors and up to date certificates. All flats have gas central heating.

At the asking price the gross yield on the current rent is 9.5%. Market rents for similar flats in the area suggest Flats 1, 3 and 4 could achieve higher rents, with total income of around £30,000 per annum possible.

This property is offered to investors only.

Buyer's fee 2% + VAT applicable.