Summary - OLWYN GROUNDS SCHOOL OF DANCE, 1, ALFORDE STREET WA8 7TR
1 bed 1 bath Block of Apartments
Prominent Victorian block with immediate income and commercial upside for investors.
Prominent corner Victorian brick building with road frontage and arched windows
Nine let residential apartments producing c. £5,975 pcm (£71,700 pa)
Large ground-floor commercial unit—new lease currently being agreed
Long leasehold recorded: 999 years from 18 June 1874 (verify legal title)
Very high local crime and very deprived area—affects tenant mix and yield
Medium flood risk—insure and survey for resilience and remediation costs
Good transport links and central amenities; Widnes station c.1.2 miles
Period stock likely needs ongoing maintenance and potential refurbishment
This prominent, curved red-brick building on Alforde Street offers a mixed-use block with multiple 1–2 bedroom flats above a large ground-floor commercial unit. The property sits on a corner plot in central Widnes, with strong transport links, nearby amenities and a distinctive period façade that attracts rental demand in town-centre locations.
Nine apartments are currently producing rental income (totaling approximately £5,975 pcm / £71,700 pa) with a commercial lease being agreed separately. The layout and substantial footprint present immediate income plus scope to improve returns through refurbishment, reconfiguration or active asset management of the commercial space.
Buyers should note clear risk factors: the immediate area is classed as very deprived with very high crime levels and a medium flood risk. The building will require ongoing maintenance typical of period stock; potential buyers should budget for repairs, compliance (safety, fire, energy) and any refurbishment needed to raise rental values.
This property suits investors looking for an income-producing, town-centre asset with value-add potential through refurbishment or lease optimisation. Due diligence on site condition, structural and flood resilience, and local management arrangements is strongly recommended before purchase.
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