8 bedroom semi-detached house

For Sale by Online Auction 8th November 2022

WHY BUY?
Block of 6 Apartments
Current income £35,400pa
Excellent Rental Investment
Popular Location
Sought After Location
Tenure Freehold, Council Tax Band A

DESCRIPTION
This is a large three storey semi-detached property that has been converted to provide 6 x self-contained flats which 5 flats are all currently let on AST rental agreement, producing a rental income circa of £2,450pcm/£29,400pa. There is a further vacant flat with a potential rental of £500pcm. Accommodations configuration is 4 x 1-bedroom flats, one is duplex on the top floor, 2 x 2-bedroom flats. All are fully self-contained, with specious lounge area, separate kitchen, bedrooms and bathroom. A good long-term investment with a potential yield of 10.89%. There is also a large basement leading to the outside rear garden with an outbuilding that once was used as automobile garage.

ACCOMMODATION
Ground Floor: Communal entrance hall with access to rear yard and stairs to all floors and flat 1.
First Floor: Flats 2 and 3 
Second Floor: Flats 4 and 5
Third Floor: Flat 6
Outside: Garden, building and on-street parking to front.

LOCATION
Located close to Belvidere Road and & Falkner Square, to Princes Park, L8 area is one of Liverpool's most culturally diverse communities. The area benefits from shops & a large supermarket, Princes Park and it is also close to Liverpool city centre, Liverpool University & Liverpool University hospital.  Transport links, Brunswick Station is 0.7 miles & there are regular bus routes to the city centre & beyond.

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.