Lot 41 - Tuesday 31st October 2017 -108 Penny Lane, Liverpool, Merseyside, L18 1DQ

For sale by auction 31st October 2017





WHY BUY?



Ground floor office

5 Bedroom HMO

Potential to add value

Scope to reconfigure



DESCRIPTION

This is a deceptively large end terrace property that is currently configured to provide office space to the ground floor and a fully licenced 5 bedroom HMO to the upper floors. The offices are currently vacant and the accommodation is part tenanted. There is potential to reconfigure the offices and incorporate them into the rest of the residential accommodation providing a larger 7-8 bedroom HMO or possibly convert the offices to a ground floor flat, subject to all necessary consents.



The property benefits from double glazing and central heating. The offices have their own private entrance on Oakdale Road and the flat a private entrance on Penny Lane. Fully occupied in the current configuration the ground floor offices have potential to achieve circa £8,000pa, and the HMO if each room is rented at £90pppw, the total annual income could be in excess of £30,000pa.  



LOCATION

Fronting Penny Lane and on the corner of Oakdale Road. There are numerous shops, bars and restaurants right on the door step. 





ACCOMMODATION



Ground floor: Entrance hall/reception, back offices, wc, large store

First floor: 3 x bedrooms, 2 x shower rooms, kitchen

Second floor: 2 x bedrooms, large communal living room

Outside: Yard to rear, on-street parking to front