377/387 BOROUGH ROAD, BIRKENHEAD -Smith and Sons (en-GB)

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, view on map
Tenure	Freehold
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
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