INVESTMENTWHY BUY?Restaurant producing £23,400paPlanning permission for 15 bedroomsPotential to achieve in excess of £90,000pa Close to Sefton ParkDESCRIPTIONThis is a large 3 storey corner property currently configured as a restaurant to the ground floor and 8 x self contained flats to the upper floors, as a mix of studio and one bedrooms. Planning permission has recently been granted to reconfigure the upper floors to provide 1 x studio flat and 2 x 7 bedroom HMO houses, providing 15 x en-suite bedrooms in total. The restaurant is currently producing £23,400pa, and if each of the letting rooms were rented at £90pw inclusive of bills, then the total potential gross income would be circa £93,600pa. Planning permission and all related documents can be found at Liverpool City Councils Planning Portal: REF - 15F/2573 LOCATIONOn the corner of Lodge Lane and Ritson Street in South Liverpool. Just a few minutes walk from Princes & Sefton Parks. There are numerous amenities on Lodge Lane and public transport links close by on Croxteth Drive and Smithdown Road. Copies of the current floor plans and proposed floor plans available on request.
INVESTMENT
WHY BUY?
Restaurant producing £23,400paPlanning permission for 15 bedroomsPotential to achieve in excess of £90,000pa Close to Sefton ParkDESCRIPTIONThis is a large 3 storey corner property currently configured as a restaurant to the ground floor and 8 x self contained flats to the upper floors, as a mix of studio and one bedrooms. Planning permission has recently been granted to reconfigure the upper floors to provide 1 x studio flat and 2 x 7 bedroom HMO houses, providing 15 x en-suite bedrooms in total. The restaurant is currently producing £23,400pa, and if each of the letting rooms were rented at £90pw inclusive of bills, then the total potential gross income would be circa £93,600pa. Planning permission and all related documents can be found at Liverpool City Councils Planning Portal: REF - 15F/2573 LOCATIONOn the corner of Lodge Lane and Ritson Street in South Liverpool. Just a few minutes walk from Princes & Sefton Parks. There are numerous amenities on Lodge Lane and public transport links close by on Croxteth Drive and Smithdown Road. Copies of the current floor plans and proposed floor plans available on request.