About this property
Marshall Property are delighted to present a fantastic investment opportunity in the form of this well presented 1 bedroom purpose built apartment, located at Merton Towers in Bootle.
Marshall Property are delighted to present a fantastic investment opportunity in the form of this well presented 1 bedroom purpose built apartment, located at Merton Towers in Bootle.
The apartment is sold with a sitting tenant and has the benefit of added rental income from a garage which is under a separate lease.
The current rental income is £495 per month for the flat and a further £60 per month for the garage. There is a current yeild of 7.4% when combining the rental income from the garage and the flat. THis can be potentially increased as the current rent is below market value.
These terms of the lease are 999 years from 1985 and ground rent is not collected as it is a peppercorn rent.
Service charge is £150 per month.
Please ensure you check the above terms with your legal advisor.
The accomodation comprises of:-
1 Bedroom
1 Reception Room
1 Bathroom
Property added 10/09/2026