For Sale by Auction 27th March 2018
WHY BUY?
Ground floor retail unit
Self-contained flat
Potential to reconfigure
Popular student rental area
DESCRIPTION
This is a large corner property that is currently configured to provide a ground floor retail unit and a two bedroom first floor self-contained flat with private side entrance. The flat is currently let by way of a periodic AST at £350pcm/£4,200pa. There is potential to reconfigure the entire building to fully residential and would be ideal as a student HMO rental with 5-6 letting rooms. If rented at £90pppw based on 6 letting rooms the potential gross income would be £28,080pa.
LOCATION
On the corner of Molyneux and Gilroy Road close to Kensington High Street. The property is only 1 mile away from The Royal Liverpool University Hospital and 2 miles away from Liverpool City Centre.
ACCOMMODATION
Retail unit: Shop floor, counter area, kitchenette, wc
First floor flat: 2 x bedrooms, bathroom, kitchen, living room
Outside: Yard to rear, on-street parking to front
NB – Venmores have not carried out an internal inspection on the flat