Auction Property Details

2 Ullswater Street, Liverpool, L5 6QX

Lot 17 - 26.10.2016

POSTPONED

WHY BUY?
9 x self contained flats
Fully occupied
Achieving circa £1500pcm
Potential to add value

DESCRIPTION
This is a large corner property that has been configured to provide 8 x one bedroom and 1 x two bedroom self contained flats. We have been informed by the vendors that 4 of the flats are currently tenanted and achieving circa £1500pcm with the remaining 5 flats vacant at present. There is plenty of scope to increase rental and capital values with a scheme of refurbishment. Once works are completed, and if the one bedroom flats are tenanted at £350pcm, and the two bedroom flat at £425pcm, then the total potential income could be in the region of £3,325pcm/£38,700pa. Please note the commercial unit facing Breck Road is not included in the sale. We have been informed that the property benefits from double glazing and central heating, but advise any interested parties undertake their own inspections prior to auction.  

LOCATION
On the corner of ullswater Street and Breck Road. There are plenty of shops and amenities within walking distance. Regular bus services to Liverpool City Centre go from Breck Road. The property is on the cusp of the Anfield Regeneration Zone. 

ACCOMMODATION
Flat 1: Private entrance from Ullswater St  - Bedroom, shower room, kitchen, living room
Fiat 2: Private entrance from Ullswater St  - Bedroom, shower room, Bedroom 2 kitchen, living room
Flat 3: Communal entrance - First floor - Bedroom, shower room, kitchen, living room
Flat 4: Communal entrance - First floor - Bedroom, shower room, kitchen, living room
Flat 5: Communal entrance - First floor - Bedroom, shower room, kitchen, living room
Flat 6: Communal entrance - First floor - Bedroom, shower room, kitchen, living room
Flat 7: Communal entrance - Upper First floor - Bedroom, shower room, kitchen, living room
Flat 8: Communal entrance - Second floor - Bedroom, shower room, kitchen, living room
Flat 9: Communal entrance - Second floor - Bedroom, shower room, kitchen, living room

NB - Venmores have not had access to all of the units and so most information has been provided by the vendor and their management agents 

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.