Lot
25
£200,000 - £230,000
377/387 Borough Road, Birkenhead
Situated in a prominent main road position close to Birkenhead Town Centre and on the corner of Borough Road (A552) and Wilmer Road, this lot comprises five separate buildings with a range of flats, offices and storage units. Planning Permission has in the past been obtained for conversion of 381-383 Borough Road to five further flats although this permission has now expired. The offices and five of the seven flats are tenanted and there is an excellent rental yield on this block as a whole.
Details
| Auction Date | 20th September 2017 |
|---|---|
| Lot Number | 25 |
| Guide Price | £200,000 to £230,000 |
| Status | Available |
| Lot Type | Commercial Investment |
| Address | 377/387 Borough Road, Birkenhead, CH42 0HA view on map |
| Tenure | Freehold |
| Tenancies | 377 Borough Road £2,600 per annum 377A Borough Road £5,200 per annum 377B Borough Road £4,680 per annum 379 Borough Road is now vacant Ground Floor 385 Borough Road £4,420 First Floor 385 Borough Road - Vacant Ground Floor 387 Borough Road £4,420 First Floor 387 Borough Road - Vacant This currently produces £25,740 p.a. with further potential income from the 2 vacant flats and 2 vacant buildings. |
| Viewing | By arrangement with the auctioneers. |
Location
Accommodation
| Accommodation | 377 Borough Road: Ground Floor Two Offices, kitchen and shower room |
|---|---|
| First Floor 377A | Lounge Two bedrooms Kitchen Shower room |
| 377B | Lounge Kitchen One bedroom Bathroom/WC |
| 379 Borough Road | Ground Floor Flat comprising: Lounge Kitchen One bedroom Shower room |
| 381-383 Borough Road | A substantial property on four floors which in the past has had planning for five flats and has also been used for retail space with extensive storage. The main accommodation is on three levels extending to some 4,600 square feet plus basement and attic space. |
| 385 Borough Road | Lounge/kitchen Bedroom Shower room |
| First Floor Flat | Lounge, two bedrooms, kitchen, shower room. 387 Borough Road Ground Floor Flat Living room Kitchen Bedroom Shower room First Floor Flat Lounge Kitchen Two bedrooms Shower room |
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Contact Details
51/52 Hamilton Square
Birkenhead
Wirral
CH41 5BN
Tel: 0151 647 9272
Fax: 0151 666 1336
Email: enquiries@smithandsons.net
