42 Elm Grove Tranmere CH42 0LA Asking price of £300,000

Property Type

Commercial

Features and description

** We understand that there is no planning permisson for the 5 studios ** Fabulous opportunity to purchase this imposing and substantial property which has been refurbished and converted into 8 apartments, providing a very attractive yield of over 15% All flats benefit from central heating and double glazing, an entry intercom system and hard standing for parking. The accommodation is on four levels, and is laid out as three 1 bedrooms flats, and 5 studios. Each flat is let on an AST at a combined rental income of £41,692 pa. Enjoying a great location on the corner of Elm Grove and Derby Road, within easy reach of St.

Catherine's Hospital, public transport, shops and schools. COMPRISING: Lower Ground Floor: Flat 1 with it's own entrance, Lounge, Kitchen, Bedroom and Bathroom. Ground Floor: Flat 2 with it's own entrance and rear garden, open plan lounge/kitchen, bedroom and shower room. Flat 3 with lounge/bedroom, kitchen and shower room. Flat 4: with lounge/bedroom, kitchen and shower room. First Floor: Flat 5: with lounge/bedroom, kitchen and shower room. Flat 6: with lounge/bedroom, kitchen, and shower room. Flat 7: with lounge/bedroom, kitchen and shower room. Second Floor: Flat 8: with lounge, kitchen, bedroom and shower room. Outside: Communal rear garden and hardstanding for parking.

• Cash offers only
• Investment Opportunity
• Imposing & Substantial property
• Converted into 8 apartments
• Providing attractive 15% yield
• 3 x 1 bed flats
• 5 studios
• great location corner Elm Grove/Derby Road
• Close to St. Catherine's hospital
• Hardstanding for parking