Fully let investment block comprising 4 self-contained apartments
Annual rental income of £32,400
Attractive yield of approximately 7.6%
Built in 2016 and presented to a high standard throughout
Two ground-floor one-bedroom apartments with private entrances
Two spacious two-bedroom duplex apartments with large double bedrooms
Private rear car park providing off-road parking for residents
Popular Sutton location close to amenities, transport links and train station
Freehold
A fantastic opportunity for investors to acquire a modern, fully let apartment block comprising four self-contained residential apartments in the popular Sutton area of St. Helens. Generating an annual rental income of £32,400 and offering an attractive yield of approximately 7.6%, this purpose-built development was constructed in 2016 and is presented to a high standard throughout. The building consists of two one-bedroom apartments on the ground floor and two spacious two-bedroom duplex apartments on the upper floors, providing a diverse and attractive rental offering. Externally, the property benefits from a private rear car park, providing valuable off-road parking for residents.
The two ground-floor one-bedroom apartments have been recently converted from former commercial units and each benefit from their own private entrance, offering tenants an added sense of independence and privacy. Internally, they comprise an open-plan kitchen and living area, an inner hallway leading to a double bedroom and a modern bathroom, with access to the rear parking area. The two upper-floor duplex apartments are accessed via a communal entrance hall and provide particularly generous accommodation arranged over two floors. Each apartment comprises an entrance hall, fitted kitchen and spacious living room to the first floor, whilst the upper floor offers two double bedrooms and a bathroom. The principal bedrooms are especially impressive in size, making these apartments highly desirable to tenants.
Situated on Junction Lane in Sutton, a well-established and convenient suburb of St. Helens, the property is within walking distance of a wide range of local amenities including shops, supermarkets, banking facilities, cafés and restaurants. Ravenshead Retail Park, St. Helens town centre and excellent transport links are all within easy reach, while nearby train services provide convenient connections for commuters travelling across the region. Offering four fully let apartments, a proven rental income, modern accommodation and a strong yield, this is a rare turnkey investment opportunity that is ready to generate returns from day one.
IMPORTANT NOTICE FROM LITTLE ESTATES
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.