139 Rice Lane, Liverpool, L9 1AF
Lot 23 - 21.07.2015
AVAILABLE AT £50,000
FOR SALE BY PUBLIC AUCTION TUESDAY 21ST JULY 2015 AT LIVERPOOL TOWN HALL
139 RICE LANE, LIVERPOOL, L9 1AF
2 self contained flats
Popular rental location
Potential Income £10,200 pa
This property consists of a terrace house which has been converted to provide 2 self-contained flats, one on the ground floor and one on the first floor. Each flat is fully self contained and has a bedroom, kitchen, living room, and bathroom. The flats are vacant and benefit from electric heaters and double glazing however are in need of some minor repair and decoration prior to re-letting. Once the flats have had a scheme of work completed, depending on the standard of refurbishment, I would estimate that they could be rented for at least £375 pcm giving a potential annual gross income of £9,000pa.
There is also potential to have an advertising board on the gable end, subject to obtaining the necessary planning consents, and with Rice Lane a very busy Road and a clear view from traffic travelling from Liverpool City Centre it would be an ideal spot. This could be rented for an additional £1200pa, bringing the total potential annual income for the property to over £10,000pa.
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.
Front entrance, Communal Hall
139: Ground floor - Bedroom, bathroom, living room, kitchen
139A: First floor - Bedroom, bathroom, living room, kitchen
*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.
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Council Chambers, Liverpool Town Hall, High Street, Liverpool, L2 3SW
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