Liverpool, L71PB | Investment Property for Sale | VES-L7-001

Opportunity to purchase a 4-unit portfolio in Liverpool generating £28,080 rent pa and a gross yield of 8.9%

£315,000

4-unit block

VES-L7-001

INITIAL INVESTMENT

£140,950

GROSS RENT / YIELD

£28,080 / 8.9%

NET RENT / YIELD

£21,568 / 6.8%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

4

TENANCY STATUS

Tenanted

FURNISHED

Yes

TOTAL SQ FT

1,663

PRICE SQ FT

£189

Property information

  • 4 x 1-bed apartment block for sale including the freehold
  • Fully let
  • Aggregate monthly rental income £2,340
  • Aggregate gross rental yield 8.9%
  • Gas, electricity, and broadband are included in the rent

Note

The basement used to be a studio flat and has been converted into a games room/utility room. Any potential landlord could convert it back into a flat to increase the yield, after seeking relevant planning approval.

1st flat

  • 399 square foot
  • £585 monthly rental income
  • Tenancy agreement start date: 18 July 2019
  • Tenancy agreement end date: 18 July 2020
  • EPC rating D

2nd flat

  • 404 square foot
  • £585 monthly rental income
  • Tenancy agreement start date: 13 September 2019
  • Tenancy agreement end date: 13 July 2020
  • EPC rating D

3rd flat

  • 456 square foot
  • £585 monthly rental income
  • Tenancy agreement start date: 01 September 2018
  • Tenancy agreement end date: 01 December 2019
  • EPC rating D

4th flat

  • 404 square foot
  • £585 monthly rental income
  • Tenancy agreement start date: 05 April 2019
  • Tenancy agreement end date: 05 April 2020
  • EPC rating D

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£28,080

Equivalent of £2,340 per calendar month (PCM).

GROSS RENTAL YIELD

8.9%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£21,568

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

6.8%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£6,512

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Liverpool

Liverpool is a city in the county of Merseyside in North West England. This city is situated 34.3 miles west of Manchester and 72 miles south west of Leeds.

The primary station servicing this city is Liverpool Lime Street railway station which is the terminus station on a branch of the West Coast Main Line from London Euston and is managed by Network Rail. There are five train operating companies that run services from this station. East Midland Trains operates an hourly service to Norwich via Warrington Central, Manchester Piccadilly, Sheffield and Nottingham. TransPennine Express operates an hourly service to Newcastle via Manchester Victoria and York, as well as an additional service to Scarborough. London Northwestern Railway operates a half hourly service to Birmingham New Street via Crewe and Wolverhampton. Northern is the main operating company and runs several services such as; a half hourly service to Manchester Oxford Road, an hourly service to Manchester Airport via Warrington Central, an hourly service to Blackpool North, half hourly service to Wigan North Western, an hourly service to Crewe and an hourly service to Warrington Bank Quay. Finally, Virgin Trains operate an hourly service to London Euston.

The city centre there is a wonderful selection of retail, dining and entertainment options. Liverpool ONE is the main shopping centre in this city, it features an open-air shopping experience with over 170 stores and boutiques, including all of the nation’s favourite high street and designer names. Liverpool ONE also houses over 35 restaurants and bars for when one needs a well-deserved break from shopping. This shopping district extends around Liverpool ONE on to Paradise Street and Peter’s Lane which is home to several luxury brands and much more. This city centre is packed with cultural attractions along the waterfront such as the Titanic memorial, Tate Liverpool, Echo Arena and several other entertainment venues.

Liverpool’s economy is one of the two core economies within the North West of England. Liverpool’s economy is heavily dominated by the public and private service sector industries. For over the last decade 60% of jobs in the city have been in public administration, education, health, banking, finance and insurance sectors. Liverpool has also seen a substantial increase in tourism in recent years which has had a significant impact on the local economy, in turn this has caused an increase in hospitality jobs. Some of the best companies to work for in Liverpool are Curtins, Shop direct, Boodles, Matalan and Mando.

There are three main universities in Liverpool; the University of Liverpool, Liverpool John Moores University and London Hope University. This city could be ideal for young families also and has several schooling options for children of all ages. The highest performing secondary school in the city is The Liverpool Blue Coat School, other notable schools include Liverpool College and St Edward’s College. For those looking for educational options for their younger children there is, Holy Cross Catholic Primary School, Whitefield Primary School and Smithdown Primary School.

Marmaduke Street,

Liverpool,

Merseyside,

England,

L7 1PB

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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