38 ELM GROVE, TRANMERE

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • FOR SALE BY PUBLIC AUCTION : Wednesday, 26 February 2025 • LOT NUMBER : 7 • RESIDENTIAL INVESTMENT PRODUCING £41,692 PA • Residential Investment • Freehold • *GUIDE PRICE : £250,000 - £270,000

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 51-52 Hamilton Square, Birkenhead, CH41 5BN

Full Description: This imposing and substantial property has been refurbished and converted to comprise 8 apartments, all having central heating and double glazing, an entry intercom system and hardstanding for parking.It is situated on the corner of Elm Grove and Derby Road close to shops, schools, St. Catherine’s Hospital and public transport.The accommodation is on four levels and is laid out as three 1 bedroomed flats and five studios. The rental income provides an extremely attractive yield of over 15%.AccommodationWe have not made an internal inspection but are advised the accommodation comprises:Lower Ground FloorFlat 1 with its own entrance: lounge, kitchen, bedroom and bathroom.Ground FloorFlat 2 with its own entrance and rear garden: open plan lounge/kitchen, bedroom, shower room.Flat 3: lounge/bedroom, kitchen and shower room.Flat 4: lounge/bedroom, kitchen and shower room.First FloorFlat 5: lounge/bedroom, kitchen and shower room.Flat 6: lounge/bedroom, kitchen and shower room.Flat 7: lounge/bedroom, kitchen and shower room.Second FloorFlat 8: lounge, kitchen, bedroom and shower room.ExternallyCommunal rear garden and hardstanding for parking.TenanciesEach flat is let on an AST at a combined rental of £41,692 PA.ViewingBy arrangement with the auctioneers.