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£385,000 Offers in region of

1 bedroom block of apartments for sale

10% Yield from Existing Rents

£385,000 Offers in region of

1 bedroom block of apartments for sale

10% Yield from Existing Rents

Description

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Property features

  • Recently Renovated
  • Excellent Investment Opportunity
  • Ready Made Investment
  • Excellent Rental Area
  • Commercial & Residential
  • Excellent transport links
  • Recently refurbished to high standard
  • Gross yield around 10%
  • High demand expected
  • Viewing essential to appreciate establishment

Nearest stations

Orrell Park (0.2mi.)
Rice Lane (0.4mi.)
Walton (Merseyside) (0.4mi.)

Nearest schools

school icon  Rice Lane Primary School (0.3mi.)
noop
school icon  St Monica's Catholic Primary School (0.5mi.)
Outstanding
school icon  Longmoor Community Primary School (0.6mi.)
Good

Property description

This is your opportunity to invest in a property that will give you a 10.3% yield - over 4% higher than the average. Don't waste your time going anywhere else!

The building is fully occupied. It has 1 x commercial shop, 1 x studio apartment and 5 x 1-bedroom apartments. The commercial space is contracted for the next two years and provides a a rental income of £650 per month.

The six apartments are also tenanted long term with a combined monthly rental income of £2660. Both the commercial space and residential are finished to a good standard, so little or no improvement works will be needed for the next few years.

Overall, this investment will get you an incredible £39,720 per annum for very little effort. In just nine years you would see a return on your investment. We recommend viewing this property as soon as possible.

Liverpool is a property hot spot for investors. The market is booming and it boasts some of the highest rental yields in the UK. Year on year there is a 19% rise in tenant demand - and the population is set to increase by 12% by 2024.

Orrell Park is a residential area sandwiched between the busier areas of Aintree and Walton. The property is located on Moss Lane, which is one of the two main thoroughfares through the area. It is a busy and popular high street with numerous shops, cafes and other local amenities; providing passing trade for the commercial premises and facilities to keep attracting the residents. The property is located within walking distance to Orrell Park Train Station and is also on the main bus route, providing quick and easy access to and from Liverpool City Centre. Supermarkets and other larger amenities are also accessible.

LPS is the chosen Guild Estate Agent for Liverpool. Representing this elite status means we aim to achieve high levels of professionalism and maintain a great rapport with our clients. We have offices in Liverpool and London and focus on connecting the rght people to the right property. LPS do Property Properly!

All tenants applying for a property with LPS will be subject to a small credit check and admin application fee (please enquiry within for the cost).

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Map

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Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

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Property reference 2423. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Liverpool Property Solutions - City. Please contact the selling agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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