Auction Property Details

169-173 Kensington, Liverpool, L7 2RF

Lot 62 - 28.05.2015

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

169-173 KENSINGTON, LIVERPOOL, L7 2RF

MIXED USE

WHY BUY?
6 x one bedroom
1 x two bedroom
Double fronted retail
Student rental location

DESCRIPTION
This is a large corner property configured to provide a large double fronted retail unit and 7 x self contained flats. The retail unit was previously trading as a public bar but has now had the internal stripped back to provide one large shell unit. Almost completed internally once the external frontage was refurbished the unit would make an ideal shop/office/estate agents, subject to the necessary consents. To the side and two upper floors above there are 6 x one bedroom flats with a communal entrance to the front and 1 x two bedroom flat which has its own private side entrance. Each flat has been refurbished only a few years ago and many only require redecorated prior to re-letting. The property benefits from double glazing and each flat has their own separate meters.

With Liverpool Universities and the Royal Hospital within walking distance the property would be ideal for student lets once improvements have been made. If the retail unit is rented at £250pw, the one bedroom flats at £400pcm, and the two bedroom flat at £475pcm, then the potential gross annual income could be in the region of £47,500pa once fully occupied.

LOCATION
The property is ideally located on Kensington in a popular student area within walking distance to numerous shops and the Royal Liverpool Hospital. Liverpool City Centre is about 1.5 miles away with both universities within walking distance from the property.

ACCOMMODATION
Ground floor: Retail unit - large shop area, bathroom/wc, kitchen, suspended ceilings, rewired;
Flat 1 - Ground floor - bedroom, bathroom, kitchen/living room
Flat 2 - First floor - bedroom, bathroom, living room, kitchen
Flat 3 - First floor - bedroom, bathroom, living/kitchen
Flat 4 - Second floor - bedroom, bathroom, living/kitchen
Flat 5 - Second floor - bedroom, bathroom, living/kitchen
Flat 6 - first floor - 2 x bedroom, bathroom, living room, kitchen - own private entrance to side
Flat 7 - Second floor - bedroom, bathroom, living room, kitchen, study

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.