Auction Property Details

139 - 145 Rice Lane, Liverpool, L9 1AF

Lot 40 - 28.05.2015

Available £215,000

FOR SALE BY PUBLIC AUCTION THURSDAY 28th MAY 2015 AT LIVERPOOL TOWN HALL

139-145 RICE LANE, LIVERPOOL, L9 1AF

INVESTMENT

WHY BUY?
8 x self contained flats
Potential income circa £36,000pa
Partly refurbished
Popular rental location

DESCRIPTION
This property consists of 4 x terrace houses that have each been converted to provide 2 x one bedroom self contained flats, giving a total of 8 one bedroom flats. Each flat is fully self contained and has a bedroom, kitchen, living room, and bathroom. 50% of the flats benefit from full double glazing and 50% also benefit from full central heating, with the remainder having electric storage heaters. 3 are currently tenanted with the other 5 vacant and in need of decoration prior to re-letting. Once the flats have all been improved to provide double glazing and gas central heating I would estimate that they could potentially be rented for £375pcm giving an annual gross income of £36,000pa.

LOCATION
The property is at the top end of Rice Lane close to the Sainsburys. There are numerous shops and amenities within walking distance. Liverpool City Centre is only 3 miles away with good public transport links.

ACCOMMODATION
139: Bedroom, bathroom, living room, kitchen
139A: Bedroom, bathroom, living room, kitchen
141: Bedroom, bathroom, living room, kitchen
141A: Bedroom, bathroom, living room, kitchen
143: Bedroom, bathroom, living room, kitchen
143A: Bedroom, bathroom, living room, kitchen
145: Bedroom, bathroom, living room, kitchen
145A: Bedroom, bathroom, living room, kitchen

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.