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Auction Property Details

79 City Road, Liverpool, L4 5UW

Lot 26 - 13.07.2017

SOLD PRIOR

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

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.

Next
Auction

13th December 2017 1.00pm

Council Chambers, Liverpool Town Hall, High Street, Liverpool, L2 3SW

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