Central Square & Westway, Maghull, Merseyside L31 OAE

Sold

Price £3,500,000

Rent (pa) £328,966

Yield 9.39%

Investment Summary

Portfolio of first floor Apartments (majority refurbished) at Central Square Shopping Centre, Maghull, Merseyside.
Maghull is a town in Merseyside located approximately 4 miles south of Ormskirk, 7 miles north of Liverpool and 14 miles west of Wigan.
Central Shopping Square is along Westway in the centre of the town and home to occupiers such as Sainsbury’s, Dominos, Superdrug.
45 apartments comprising 19 x 1 beds, 25 x 2 beds and 1 x 3 beds.
Planning consent for an additional no. 2 first floor apartment
Total floor of 23,659 sq ft with demised car park providing spaces for 1 vehicle per apartment.
Topped up net rental income of £328,966.60 per annum.
ERV of £365,500 per annum.
The portfolio is currently 98% occupied and let by way of ASTs and periodic tenancies. Vendor to provide rental top up on the vacant unit.
New long leasehold title for a term of 250 years at a peppercorn ground rent.

Contact our team for more information or speak directly with Sam Beckett.