Auction Property Details

14-28 Aspen Close, Kirkby, Liverpool, L33 4DX

Lot 20 - 13.02.2014

SOLD PRIOR

FOR SALE BY PUBLIC AUCTION - THURSDAY 13TH FEBRUARY 2014 AT LIVERPOOL TOWN HALL

14 - 28 ASPEN CLOSE (EVEN NO'S ONLY), LIVERPOOL, L33 4DX

INVESTMENT

WHY BUY?
Potential rental income of £47,840
Potential yield return of 14.7%
8 x Two bedroom apartments
50% occupation at £115pw
Modern finish throughout
Large communal car park

DESCRIPTION
This is an opportunity to purchase 8 x two bedroom apartments in the same private 2 storey development and therefore have total control of the management. Of the 8 flats four of them are currently tenanted on 6 month AST agreements at £115pw (Provided with the legal pack) with the other 4 just recently redecorated and ready for occupation. All the flats are identical in size, condition and facilities.

They have all been fitted with modern kitchens and shower rooms, laminate flooring, double glazing, electric heaters, separate electric meters. Each flat has 2 good sized bedrooms and of the four ground floor flats each has access to a private yard, with the 4 upper flats sharing a communal yard to the rear. The property also benefits from a tarmac car park which can accommodate circa 12 cars.

Four of the flats are currently tenanted generating £23,920pa with the obvious potential being double this and £47,840pa based on full occupancy at a rate of £115 per flat per week.

LOCATION
The development is located in North Liverpool just off Shevingtons Lane outside of Kirkby. There are numerous shops and schools close by with access to the M58 and M57 only a short distance drive away taking you to Liverpool City Centre approximately 10 miles to the south and Southport 15 miles further North.

ACCOMMODATION
Secure front communal entrance with access to all flats and to the rear of the property. 4 flats to the ground floor with stairs access to the other 4 flats on the first floor.

14 Aspen Close: Tenanted @ £115pw - 2 x bedrooms with fitted robes, modern shower room, open plan living/kitchen, access to private yard
16 Aspen Close: Vacant - 2 x bedrooms with fitted robes, modern shower room, open plan living/kitchen, access to private yard
18 Aspen Close: Tenanted @ £115pw - 2 x bedrooms with fitted robes, modern shower room, open plan living/kitchen, access to private yard
20 Aspen Close: Tenanted @ £115pw - 2 x bedrooms with fitted robes, modern shower room, open plan living/kitchen, access to private yard
22 Aspen Close: Vacant - 2 x bedrooms with fitted robes, modern shower room, open plan living/kitchen
24 Aspen Close: Vacant - 2 x bedrooms with fitted robes, modern shower room, open plan living/kitchen
26 Aspen Close: Tenanted @ £115pw - 2 x bedrooms with fitted robes, modern shower room, open plan living/kitchen
28 Aspen Close: Vacant - 2 x bedrooms with fitted robes, modern shower room, open plan living/kitchen

Outside: Large car park to the front, 4 x private yards for the 4 ground floor flats

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.