Auction Property Details

103 - 107 Linacre Road, Liverpool, L21 8NS

Lot 13 - 28.05.2015

Available £175,000

103-107 LINACRE ROAD, LITHERLAND, L21 8NS

MIXED USE

WHY BUY?
Substantial 3 storey mixed use property
Potential gross rental income in excess of £40,000
Fully refurbished to good standard
3 retail units & 7 x one bedroom flats

DESCRIPTION
A substantial three storey end of terraced mixed use property comprising of 3 retail units to the ground floor with 7 x 1 bedroom self-contained flats to the rear ground and upper floors plus further. Two of the flats are currently let with one of the retail units also let. The entire property, apart from the 2 tenanted flats, has been fully refurbished to a high standard. Each flat is fully double glazed with new central heating, new kitchens and new bathrooms. If each flat and retail unit was rented for £350pcm the potential rental income when fully let is £42,000pa, offering a potential yield return of 17% if purchased at £250,000. All of the flats have been finished to a high standard and are now ready for immediate occupation.

LOCATION
Fronting Linacre Road on a busy main road position within the Litherland area approximately 3 miles north of the city centre.

ACCOMMODATION
Shop Unit No. 103: Sales area, rear room, WC, approximately 502²ft total
Shop Unit No. 105: Sales area, rear room, WC, approximately 502²ft total
Shop Unit No. 107: Sales area, rear room, WC, approximately 345²ft total
Flat 107A: Rear ground floor, lounge, bedroom, bathroom/WC (currently let at £360pcm)
Flat 107B: First floor, lounge, bedroom, kitchen, shower room/WC
Flat 107C: First floor, lounge, bedroom, kitchen, shower room/WC
Flat 107D: First floor, lounge, bedroom, kitchen, shower room/WC (currently at £280pcm)
Flat 105A: Second floor, lounge, bedroom, kitchen, shower room/WC
Flat 105B: Second floor, lounge, bedroom, kitchen, shower room/WC
Flat 105C: Second floor, lounge, bedroom, kitchen, shower room/WC

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.