Register Member Login

Auction Property Details

108 Penny Lane, Liverpool, L18 1DQ

This property is listed in the following auctions

Lot 41 - 31.10.2017

Guide Price £175,000 Plus**

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

 

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

Get In Touch

9 Dale Street, Imperial Buildings, Liverpool, L2 2SH

Opening Hours

Mon-Fri      9am - 5.30pm

Your estimated monthly repayments are

Terms Of Use