Auction Property Details

Land Adjacent To 60 Kremlin Drive, Liverpool, L13 7BZ

Lot 3 - 21.07.2015

SOLD £66,000

FOR SALE BY PUBLIC AUCTION TUESDAY 21ST JULY 2015 AT LIVERPOOL TOWN HALL

LAND ADJACENT TO 60 KREMLIN DRIVE, LIVERPOOL, L13 7BZ

LAND

WHY BUY?
Planning permission granted
4 x 2 bedroom flats
Good rental & sale area
Ideal small development

DESCRIPTION
This is an opportunity to purchase a small parcel of land that has been given full planning permission to build a lower ground and 3 upper storey property to provide 4 x two bedroom flats. Each floor will have its own separate 2 bedroom flat with a communal front entrance and communal rear parking. Should the property be developed to a good standard then the development value could be in the region of £260,000 - £300,000 should each individual flat be sold for £65,000 - £75,000. Alternatively if retained as an investment, if each flat was to be rented for £475pcm, then the total annual income would be £22,800pa.

Full plans are available on request or can be found on Liverpool City Council Planning using Application number: 15F/0148

LOCATION
The property is accessed from Queens Drive mid way between Tuebrook, Old Swan and West Derby. There are numerous shops, bars and restaurants on nearby West Derby Road. Liverpool City Centre is only 4 miles away with regular public transport links close by.

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.