Liverpool, L8 3SL | Investment Property for Sale | VES-L8-003

Opportunity to purchase a 15-unit block in Liverpool which generates a gross yield of 8.2%

£1,500,000

15-unit Block

VES-L8-003

INITIAL INVESTMENT

£436,500

Based on

deposit: £375,000

stamp duty: £45,000

mortgage fees: £1,500

conveyancing fees: £15,000

GROSS RENT

£123,240

GROSS YIELD

8.2%

ADD TO FAVOURITES

Sold STC

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The block

TENURE

Freehold

NO OF UNITS

15

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

8,070

PRICE SQ FT

£186

Block information

  • The block comprises:
    • 14 x 1-bed apartments
    • 1 x 2-bed apartment
  • Spread over 3 storeys some of the key features include:
    • Gas central heating
    • Double glazing
    • Environment ventilation systems
    • Intruder and fire alarms
    • CCTV
  • All tenants have access to a large communal garden
  • Each apartment has a car bay
  • There is also a recently constructed two-car garage with an adjunct bicycle storage area
  • EPC ratings: C, D & E
  • Council tax bands: A

Rental information

  • All apartments are fully let to professional tenants
  • Aggregate monthly rental income: £10,270
  • Aggregate annual rental income: £123,240

Location information

  • The property is located in the Sefton Park area of Liverpool
  • Liverpool city centre is around 1.7 miles from the property
  • There is a bus stop nearby with regular services into the centre
  • Both Princes Park and Sefton Park are only a short walk away
  • Easy access to the A561 and A562

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

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.

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.

Sefton Park Road,

Liverpool,

Merseyside,

England,

L8 3SL

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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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