Lot 16 - Wednesday 24th May 2023 -325 Prescot Road, Old Swan, Merseyside, L13 3BS

WHY BUY?
9 Bedroom HMO
Good Standard
High Yield
Current Rental Income £3,275pcm
Prime Rental Location
Tenure: Freehold, Council Tax Band A
For Sale by Auction

DESCRIPTION
An amazing high yield opportunity with this spacious 9 bedroom HMO in the popular residential area of Old Swan on Prescot Road. Presented to a good standard and well maintained, the property is currently fully let producing a rental income of £3,275pcm/£39,300 per annum. The property is set over three floors and comprises: Communal entrance, 9 bedrooms, kitchen/living area, further kitchen on the first floor, potential second lounge, three bathrooms & 2 W/C’s. There is a porch to the rear, storage areas the property benefits from double glazing and gas central heating.

ACCOMMODATION
Ground Floor: Entrance hall, 2 bedrooms, shower room, storage, kitchen/living room, rear porch.
First Floor Flat: 5 bedrooms, 2 bathrooms, w/c, kitchen, reception room
Second Floor: 2 bedrooms
Outside: On-street parking.

LOCATION
Located on Prescot Road close to the junction with Green Lane in Old Swan. There is a wide array of shops and other amenities within close proximity as well as a Tesco Superstore less than 5 minutes walk away. A regular bus service runs from Prescot Road to Liverpool City Centre & Royal Liverpool Hospital which are only 2-3 miles away.

AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1500 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.