This property has been taken off the market.

2 Bed Apartment House For Sale Chester Road, Frodsham, WA6

£925,000- Apartment

1 of 3
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Last Updated: 1st January 1970

Description


SUMMARY
A rare investment opportunity to purchase seven (fully tenanted), two bedroom apartments, six of which have ensuite shower rooms. Each apartment is finished to a high standard with gas central heating and allocated parking space. Additional information available upon request.


DESCRIPTION
Helsby is a semi-rural village with both the Cheshire and Welsh countryside on its door step. It is within short driving distance of Frodsham and the city of Chester which both have a plethora of shops and amenities. Helsby offers a number of highly regarded primary schools and ever popular Helsby High School. Within Helsby there are a number of high street and independent shops including a Tesco 'superstore', leisure facilities and community based services.
Helsby has a number of transport links across the northwest and beyond by both road and rail some of which include Chester, Warrington, Liverpool and Manchester. Nearby Runcorn train station offers a direct line to London Euston with a travel time, on average, of less than two hours.

Summary 
Seven two bedroom apartments with a current annual income of £52,356 representing an annual yield of 5.6%. In current market conditions we estimate that the potential annual rental income to be in the region of £56,000 representing an annual yield 6%.
Each property is double glazed and warmed by gas central heating.
To the rear of the development each property has an allocated parking space with additional visitor parking.

Although the property is currently freehold the vendor is in the process of splitting the titles and creating a 'management' company. Following this the properties will become leasehold.

Apartment 1, Newfield House 
Two bedroom (one double with ensuite, one double), lower ground floor apartment measuring approx. 749 sq. ft. Allocated parking space. EPC Rating C.
Tenanted until August 2022.

Apartment 2, Newfield House 
Two bedroom (one double with ensuite, one double), ground floor apartment measuring approx. 674 sq. ft. Allocated parking space. EPC Rating C.
Tenanted currently on a rolling monthly agreement.

Apartment 3, Newfield House 
Two bedroom (one double with ensuite, one single), ground floor apartment measuring approx. 592 sq. ft.
Allocated parking space. EPC Rating C.
Tenanted currently on a rolling monthly agreement.

Apartment 4, Newfield House 
Two bedroom (one double with ensuite, one single), first floor apartment measuring approx. 592 sq. ft. Allocated parking space. EPC Rating C.
Tenanted currently on a rolling monthly agreement.

Apartment 5, Newfield House 
Two bedroom (one double with ensuite, one single), first floor apartment measuring approx. 592 sq. ft. Allocated parking space. EPC Rating C.
Tenanted currently on a rolling monthly agreement.

Apartment 6, Newfield House 
Two bedroom (one double with ensuite, one single), top floor apartment measuring approx. 592 sq. ft. Allocated parking space. EPC Rating C.
Tenanted until September 2022.

Apartment 7, Newfield House 
Two bedroom (one double, one single), top floor apartment measuring approx. 592 sq. ft. Allocated parking space. EPC Rating C.
Tenanted until July 2022.



1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.\r
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.\r
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.\r
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.\r
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.
Agent Details
Swetenhams
113 Main Street, Frodsham, WA6 7AB

Investment Analysis

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This is the potential achievable yield.
Potential Return-on-Cash Invested