INVESTMENT WHY BUY?3 x self contained flats1 x tenanted retail unitCurrent rent £12,850paProminent corner positionDESCRIPTIONThis is a large corner property that has been configured to provide 2 x one bedroom flats, 1 x studio flat and a ground floor retail unit. The retail unit is currently let as a Second Hand shop at £325pcm. There is a vacant one bedroom flat split over ground and first floor that has it's own separate entrance, but requires a full refurbishment throughout prior to letting. On the first floor there is a tenanted studio flat currently getting £395.98pcm. On the second floor there is another one bedroom flat that is also currently tenanted on an AST getting £350pcm. In total the property is currently producing £12,850 but has the potential to bring in somewhere in the region of £17,650pa fully let if some improvements are made and the vacant flat fully refurbished. The two tenanted flats have a shared side entrance on St Davids Road with the shops front entrance facing Breck Road. Ideal as a long term investment. Due to the property having a commercial element it may not be subject to any stamp duty as the new commercial SDLT threshold has been increased to 0% for the first £150,000 of a purchase price. NB - we do advise you make your own investigations with regard to any SDLT.LOCATIONProperty is situated on the corner of St Davids Road and Breck Road. There are numerous shops and amenities within walking distance. Liverpool Football stadium is only a short walk away with Liverpool City Centre only 2.5 miles away with good regular buses close by.
ACCOMMODATION
Retail unit: Main customer area, store, WC, kitchenette Split level flat - Ground floor - Living room, kitchen First floor - bedroom, bathroomFirst floor flat: Living room/bedroom, kitchen, bathroomSecond floor flat: Living room, bedroom, kitchen, bathroom
INVESTMENT
WHY BUY?
3 x self contained flats1 x tenanted retail unitCurrent rent £12,850paProminent corner positionDESCRIPTIONThis is a large corner property that has been configured to provide 2 x one bedroom flats, 1 x studio flat and a ground floor retail unit. The retail unit is currently let as a Second Hand shop at £325pcm. There is a vacant one bedroom flat split over ground and first floor that has it's own separate entrance, but requires a full refurbishment throughout prior to letting. On the first floor there is a tenanted studio flat currently getting £395.98pcm. On the second floor there is another one bedroom flat that is also currently tenanted on an AST getting £350pcm. In total the property is currently producing £12,850 but has the potential to bring in somewhere in the region of £17,650pa fully let if some improvements are made and the vacant flat fully refurbished. The two tenanted flats have a shared side entrance on St Davids Road with the shops front entrance facing Breck Road. Ideal as a long term investment. Due to the property having a commercial element it may not be subject to any stamp duty as the new commercial SDLT threshold has been increased to 0% for the first £150,000 of a purchase price. NB - we do advise you make your own investigations with regard to any SDLT.LOCATIONProperty is situated on the corner of St Davids Road and Breck Road. There are numerous shops and amenities within walking distance. Liverpool Football stadium is only a short walk away with Liverpool City Centre only 2.5 miles away with good regular buses close by.
ACCOMMODATION
Retail unit: Main customer area, store, WC, kitchenette Split level flat - Ground floor - Living room, kitchen First floor - bedroom, bathroomFirst floor flat: Living room/bedroom, kitchen, bathroomSecond floor flat: Living room, bedroom, kitchen, bathroom