Liverpool | Investment Property for Sale | VES-L13-001

Opportunity to purchase a 63 unit block in Liverpool with the potential to generate £423,600 gross rent pa

£6,700,000

63-unit block

VES-L13-001

INITIAL INVESTMENT

£1,940,500

Based on

deposit: £1,675,000

stamp duty: £201,000

mortgage fees: £1,500

conveyancing fees: £63,000

GROSS RENT

£423,600

GROSS YIELD

6.3%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

63

TENANCY STATUS

Vacant

FURNISHED

No

TOTAL SQ FT

32,550

PRICE SQ FT

£206

Please note that this is an off-market opportunity that is available to qualified buyers only.

Please get in touch and quote the reference number above to speak to a member of our sales team who can advise on the information that will be required from you in order for us to be able to share more detailed and confidential information related to the opportunity.

Rare opportunity to acquire a newly built, freehold apartment block with strong rental yield potential in West Derby, Liverpool.

This is a new office-to-residential conversion development with practical completion having recently occurred. It comprises 63-apartments spread over five floors:

  • 50 x 1-bed, 1-bath apartments
  • 13 x 2-bed, 1-bath apartments

The total floorspace is approximately 32,550 sqft with the 1-bed apartments having an average floorspace of 481 sqft each and the 2-bed apartments having an average floorspace of 652 sqft each.

The apartment block is currently vacant but it is estimated to generate gross rental income of £35,300 pcm (£423,600 pa) once it is fully let based on local rental comparables and a quote from a local lettings agent.

The apartment block is located in the affluent residential suburb of West Derby, approximately 3 miles to the east of Liverpool city centre (circa 12-minutes drive). Transport links within the area are excellent. Close by is the A5058; Liverpool’s principal outer ring road which connects the city’s north and south districts and also to connects to the M62 (approximately 2 miles to the south west). The M62 provides ready access to Manchester, Leeds and the national motorway network. Frequent bus services operate in the area, providing links into Liverpool city centre and the surrounding areas. The nearest train station is located at Wavertree Technology Park (approximately 2 miles to the south) with regular rail services to Liverpool Lime Street, Manchester Victoria and Manchester Airport.

According to data from Zoopla and Hometrack, house prices in postcode district L13 have risen by 8.1% over the last 12 months and by 21.0% over the last 5 years (as at April 2020) and average rents in Liverpool have increased by an estimated 2.7% over the past year according to GoCompare.

The property is currently unfurnished, with the cost of furniture estimated to be in the region of £242,000. The ground rent to the freeholder has been estimated at £200 per apartment pa (total of £12,600 pa).

Vendor is seeking offers in the region of £6,700,000.

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.

Point of reference - not exact location,

Liverpool,

Merseyside,

England,

L12 7JB

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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.

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