Auction Property Details

31 South Drive, Liverpool, L15 8JJ

Lot 41 - 18.09.2014

SOLD PRIOR

FOR SALE BY PUBLIC AUCTION THURSDAY 18TH SEPTEMBER 2014 AT LIVERPOOL TOWN HALL

31 SOUTH DRIVE, LIVERPOOL, L15 8JJ

INVESTMENT

WHY BUY?
12 Self contained units
Currently producing over £58,000 per annum
Sought after location
High net yield

DESCRIPTION
A substantial semi detached freehold property situated within the sought after residential location of Wavertree Gardens, converted to provide 10 self contained Studio Flats and 2 x 1 bedroom Flats. The property is fully let and currently producing in excess of £57,000 per annum inclusive of bills by way of 10 Assured Shorthold Tenancies and 2 Regulated Tenancies. The property was fully renovated in 2007 and is in good order benefiting from double glazing, central heating, intercom system, communal gardens and off road parking. We are also informed there is planning for further development with a Proposal To erect 1 no. single storey extension and 1 no. 2 storey extension at the rear. The Planning Application Number is: 08F/0673 and can be found @ http://liverpool.gov.uk/planning-and-building-control/

LOCATION
Just off Wavertree High Street in a sought after location within close proximity to the popular bars, restaurants and shops on Allerton Road and approximately 4 miles south of Liverpool City Centre.

ACCOMMODATION
Ground Floor: Flats 1 - 4
First Floor: Flats 5 - 8
Second Floor: Flats 9 - 12
Outside: Gardens front and rear plus driveway providing off road parking

Note: Venmores have not carried out an internal inspection on the property and all details have been supplied by the vendor

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.