Auction Property Details

10 Grove Park, Liverpool, L8 0TL

Lot 40 - 19.07.2012

RESERVE PRICE £335,000

FOR SALE BY AUCTION 19TH JULY 2012 - 10 GROVE PARK, LIVERPOOL, L8 0TL

ESTIMATED RENTAL VALUE - £36,000

INVESTMENT

WHY BUY?
- 6 Apartments plus Freehold
- Current rental income £2,060 per month with one flat vacant
- Independent gas central heating to all apartments
- Potential to uplift rent or upgrade and sell separately
- Large front and rear gardens with parking
- Close to Sefton Park

DESCRIPTION/ LOCATION
A substantial three storey period semi-detached property comprising of eight self-contained flats. Included in the sale are 4 x 2 bed apartments and 2 x 1 bed apartments and the freehold. Flat 6 has been sold separately for £90,000 on a leasehold basis. The apartments all benefit from an intercom door entry system and the communal hallway has automatic sensor lighting. Apartments 1, 2 & 3 all have a private garden with decking area. The property also benefits from a large basement and we are informed in 1980 there was building consent for the erection of a house in the rear garden.

The property was refurbished in 2009 to include new kitchens, new bathrooms, new plumbing, new central heating and décor.

The property is located in a conservation area within a well-regarded residential area to the south of the city close to Sefton Park and all local amenities.

ACCOMMODATION
GROUND FLOOR
Apartment 1 (£395 per month on AST): Entrance hall, lounge/kitchen, 2 bedrooms, bathroom, private decking
Apartment 2 (£395 per month on AST): Entrance hall, lounge/kitchen, bedroom, bathroom, private decking
Apartment 3 (£395 per month on AST): Entrance hall, lounge/kitchen, bedroom, bathroom, private decking
Apartment 4 (£450 per month on AST): Entrance hall, lounge, kitchen, 2 bedrooms, bathroom, veranda

FIRST FLOOR
Apartment 7 (£425 per month on AST): Entrance hall, lounge, kitchen, 2 bedrooms, bathroom (over 2 floors)

SECOND FLOOR
Apartment 8 (vacant): Entrance hall, lounge, kitchen, 2 bedrooms, bathroom

Price Information

*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.