For Sale by Auction 13th July 2017
WHY BUY?
5 x self contained flats
Income of £23,580pa
4 separate entrances
Central heated & double glazed
Recently refurbished
DESCRIPTION
This is a substantial property configured to provide 4 x one bedroom flats and 1 x two bedroom flat. The property has been recently refurbished within the last few years and is fully occupied on AST's at a total income of £23,580pa. Three of the flats have their own separate entrances with the last two flats sharing a communal entrance. The properties are all finished modern with central heating, double glazing and secure external doors. Based on the current rent passing the property would have a yield return in excess of 15% if purchased at £150,000 or up to 18% if purchased at £130,000. Being close to both football stadiums and Liverpool City Centre there is also potential to use the flats for short term stays/holiday lets during the season.
LOCATION
The property is on the corner of City Road and Ripon Street. 4 of the flats are accessed through entrances on Ripon Street and the other accessed from a separate entrance on City Road. There are numerous shops and amenities on City Road and close by on busy County Road. Liverpool City Centre is just 2 miles away with good public transport links.
ACCOMMODATION
Each flat is self contained and consists of bedroom, living room, kitchen and bathroom, with one of the flats having a second bedroom.
There is a large communal yard to the rear for bin storage with on-street parking to the front