Summary - 54, AVONDALE ROAD NORTH PR9 0NE
1 bed 1 bath Commercial Property
### Standout Features:
- **Fully Let Investment Property**: 7 self-contained units (4 x 1-bed, 2 x studios, 1 x 2-bed).
- **Current Income**: £43,140 p.a. with potential for reversionary rent increases.
- **Freehold Title**: All units individually metered for convenience.
- **Renovation Potential**: Basement offers opportunities for duplex extensions, subject to planning approval (STP).
- **Sizeable Plot**: Total square footage of 3,081, providing ample room for future developments.
This substantial Victorian semi-detached investment property in PR9 0NE presents a unique opportunity for investors looking to enhance their portfolio with a fully let residential hotspot. Comprising seven well-appointed units, including four 1-bedroom flats, two studios, and a spacious 2-bedroom apartment, the building is currently generating a promising income of £43,140 per annum.
Boasting distinct period features with high ceilings and large windows, the property maintains both character and charm. Individual metering for each unit ensures ease of management and the potential for increased rental income upon lease renewals adds an attractive dimension for future earnings. The basement area holds dual potential for conversion or integration with ground-floor units to create duplex flats, inviting innovative renovation ideas (subject to necessary planning consents).
While the local area does experience higher crime rates, its proximity to amenities such as highly rated schools, parks, and public transport offers convenience for prospective tenants.
With a competitive price of £475,000, this property offers an excellent opportunity for both seasoned investors and first-time buyers looking to capitalize on the growing rental market. Don’t miss out on the chance to explore the expansion possibilities and make this investment yours!
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