Redevelopment Opportunity for Auction Birkenhead CH42

Guide Price £265,000+. A redevelopment opportunity comprising of a ground floor public House currently let by way of a 5 year lease from 2022 producing a rental income of £18,000 per annum. To the upper floors the property benefits from full planning permission to convert and extend to the rear and alterations to convert the loft to provide 6 x 1 bedroomed self contained apartments. Once the works have been completed, the potential rental income from 6 x 1 bedroomed self contained apartments would be approximately £39,600 per annum or alternatively they could be sold off separately. The total rental income once fully let would be approximately £58,000 per annum.