5 bedroom terraced house

For Sale by Online Auction 25th May 2022

WHY BUY?
5 Self Contained Flats
2 Flats Vacant
High Yield Opportunity
Large Accommodation
Popular Location

DESCRIPTION
A large property currently configured as 5 x 1-bedroom self contained flats, set across 3 floors. Two of the flats are vacant and require refurbishment prior to re-letting.  Currently there are three tenanted flats, two of which are on AST’s at £400pcm and one at £425pcm. Each flat comprises: bedroom, bathroom, kitchen and living area. The building requires a full scheme of renovation in order to bring in line with modern living.  Following a scheme of works, when fully let rental income could be circa £495pcm per flat/£29,700 per annum.

ACCOMMODATION
Ground Floor: Communal Hallway, Flat 1 Tenanted, Flat 2 Vacant
First Floor: Flat 3 Vacant, Flat 4 Tenanted
Second Floor: Flat 5 Tenanted
Outside: Enclosed yard at the rear, driveway at front.

LOCATION
Conveniently located straight off Liscard Road, close to the popular Central Park and other local amenities such as the Cherry Tree Shopping centre.  There are regular bus routes to nearby Liscard Village and the M53 Motorway link is within a 10 minute drive.

AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1500 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.