Norton Court represents an outstanding opportunity for investors to acquire a sizeable residential and commercial asset in Wallasey, Wirral. This block comprises fifteen fully self-contained residential units along with two shell condition commercial units, currently generating a commendable annual income of £100,680. The potential rental income can be enhanced to approximately £134,760 per annum with strategic management and development initiatives. Notably, there are already approved plans in place to transform the ground floor commercial spaces into six additional one-bedroom apartments, which could significantly elevate the overall income potential of this property.
The asset management possibilities are considerable; the two existing commercial units require an estimated investment of around £10,000 for completion, which could yield an extra £14,400 annually once let. Furthermore, there is viable scope for future title splitting that may present additional exit opportunities for investors willing to navigate the necessary legal frameworks.
This property's strategic location on Borough Road ensures excellent accessibility throughout the Wirral and into Liverpool, reinforcing its appeal as a rental choice among tenants. With consistent demand supported by local amenities and transport links, this investment offers both immediate returns and long-term growth potential.
