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Lot 32 - Tuesday 4th April 2017155-157 Picton Road, Wavertree, Merseyside, Liverpool, Merseyside, L15 4LG

Offers in the Region Of £265,000

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For Sale by Auction 4th April 2017WHY BUY?2 x large flatsDouble fronted retail unitPart tenanted at £26,500paPotential income over £40,000paDESCRIPTIONThis is a large double fronted property that consists of large ground floor retail unit that has recently been let on a 5 year lease at £10,000pa. 2 x four bedroom flats to the upper floors, both with full HMO licences and fully compliant. The property underwent a scheme of refurbishment over the last few years and the retail unit has been completely fitted out by the tenant. The property benefits from double glazing and central heating to the flats. The top floor (and attic) flat contains 4 x large double bedrooms, living room, kitchen and bathroom and is part let on a room by room basis of £69 per week. The flat is well presented and would be ideal to let for the next academic year 2017/2018 at rents somewhere between £75-90pppw. The first floor flat contains 4 x large double bedrooms and again this would be ideal as a student let. If both flats were rented at £90pppw on a 48 week academic year they would bring in a total of £34,560pa.Based on a conservative inclusive rent of £90pppw for the double rooms together with £10,000pa for the retail unit, the property has the potential for a gross annual rental income circa £38,800pa. LOCATIONDirectly across the road from The Picton Library on Picton Road this property is right by the junction between Wellington and Rathbone Roads. There are numerous shops, restaurants, take-a-ways and bars within walking distance. There are regular buses to Liverpool City Centre and universities from directly across the road with both being just over 3 miles away. There is a large sports complex, Tesco Metro and Asda Superstore within walking distance. ACCOMMODATIONRetail unit: Roller shutters, Shop floor, large store area, wc, kitchenetteFirst floor flat: Entrance hall, Living room, Kitchen, bathroom, 4 x double bedroomsSecond floor (and attic) flat: 3 x double bedrooms, kitchen, living room, bathroom, large double attic bedroomOutside: Yard to rear

For Sale by Auction 4th April 2017WHY BUY?2 x large flatsDouble fronted retail unitPart tenanted at £26,500paPotential income over £40,000paDESCRIPTIONThis is a large double fronted property that consists of large ground floor retail unit that has recently been let on a 5 year lease at £10,000pa. 2 x four bedroom flats to the upper floors, both with full HMO licences and fully compliant. The property underwent a scheme of refurbishment over the last few years and the retail unit has been completely fitted out by the tenant. The property benefits from double glazing and central heating to the flats. The top floor (and attic) flat contains 4 x large double bedrooms, living room, kitchen and bathroom and is part let on a room by room basis of £69 per week. The flat is well presented and would be ideal to let for the next academic year 2017/2018 at rents somewhere between £75-90pppw. The first floor flat contains 4 x large double bedrooms and again this would be ideal as a student let. If both flats were rented at £90pppw on a 48 week academic year they would bring in a total of £34,560pa.Based on a conservative inclusive rent of £90pppw for the double rooms together with £10,000pa for the retail unit, the property has the potential for a gross annual rental income circa £38,800pa.   LOCATIONDirectly across the road from The Picton Library on Picton Road this property is right by the junction between Wellington and Rathbone Roads. There are numerous shops, restaurants, take-a-ways and bars within walking distance. There are regular buses to Liverpool City Centre and universities from directly across the road with both being just over 3 miles away. There is a large sports complex, Tesco Metro and Asda Superstore within walking distance. ACCOMMODATIONRetail unit: Roller shutters, Shop floor, large store area, wc, kitchenetteFirst floor flat: Entrance hall, Living room, Kitchen, bathroom, 4 x double bedroomsSecond floor (and attic) flat: 3 x double bedrooms, kitchen, living room, bathroom, large double attic bedroomOutside: Yard to rear

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£7,950
• This calculation assumes that you already own a property and that any purchase would result in you owning two or more properties

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