104 Lodge Lane, Liverpool, L8 0QN
Lot 32 - 13.04.2016
Guide Price £325,000 Plus**
Restaurant producing £23,400pa
Planning permission for 15 bedrooms
Potential to achieve in excess of £90,000pa
Close to Sefton Park
This 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
On 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.
*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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17th May 2017 1.00pm
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