MapOffers over
£630,0005 bedroom block of apartments for sale
INVESTMENT PROPERTY - 5x1 Bedroom apartments within Georgian Mansion Block
Virtual tour
Block of apartments
5 beds
5 baths
Key information
Tenure: Freehold
Council tax: Ask agent
Features and description
- Tenure: Freehold
- £42,6660 Annual rental income
- Communal Garden
- Ready to go Investment Opportunity
- Detached Grade II listed Mansion Building
- 0.25 Acres of Lane
- 5 x self contained 1 bed apartments
- Potential Further Development
- Leafy Suburb of Wavertree
Video tours
RENTAL INCOMES:
Income PA: £42,660.00
Gross Yield: 6.77%
Flat 1 - £8,340.00 PA
Flat 2 - £8,340.00 PA
Flat 3 - £8,340.00 PA
Flat 4 - £9,540.00 PA
Flat 5 - £8,100.00 PA
Total Rental Income PA £42,660.00
Flat 6 - in basement subject to necessary planning permissions - £8,340.00
Key Facts for Buyers - click here
ABOUT THE PROPERTY:
This is a rare opportunity to purchase a magnificent Double-fronted Grade II listed Georgian Mansion Block with an extensive forecourt located within a leafy suburb of Wavertree. Sitting on 0.25 acres of land, the detached building has been tastefully divided into 5 x spacious self-contained one-bedroom apartments, individual in design, filled with original features and finished to a high standard.
The apartments are currently let on AST-s at the figures detailed above and benefit from little to no void periods. It has a current total annual income of £42,660.00, giving an overall gross yield of 6.6%.
There is potential for an additional apartment in the basement, subject to the usual building and planning permissions. The building may also lend itself to further planning permissions for additional units, but again would be subject to permissions. The additional apartment could generate £650pcm, thus increasing yield to gross yield of 7.5% on acquisition price.
As can be seen from the floor plans and photos the individual apartments have unique layouts, from duplexes to open plan apartments. All apartments are bright and airy and are finished to the same immaculate standard, benefiting from luxurious parquet flooring and soft carpeting, huge sash windows with colonial shutter blinds and high ceilings adorned with ceilings coves and cornices. For this reason, the apartments have always attracted a high standard of tenant.
The communal areas are equally well-maintained and provide a fantastic first impression. There are well-kept communal gardens and forecourt parking is available for each apartment. Within this advert is a video tour of the externals.
The property is located in a beautiful and quiet area of Wavertree and there is plenty of additional green space nearby. It is an ideal location as it is walking distance to all major transport link, including Wavertree Train Station, and it is just 2.8 miles from Liverpool City Centre and close proximity to the motorway network.
The fantastic amenities of Wavertree are within walking distance and there are plenty of good schools within area. Just half a mile away is Wavertree Sports Park, which has an Olympic Size swimming pool and Liverpool Shopping Park which is home to shops including M&S Food. Wavertree Technology Park, which is a hub for IT and other leading industries, is less than 10 minutes away. The bustling Allerton Road is also a short drive away, which is famous for its bars and restaurants.These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas,
measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It
should not be assumed that the property has all the necessary planning, building regulation or other consents and we have not tested
services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Income PA: £42,660.00
Gross Yield: 6.77%
Flat 1 - £8,340.00 PA
Flat 2 - £8,340.00 PA
Flat 3 - £8,340.00 PA
Flat 4 - £9,540.00 PA
Flat 5 - £8,100.00 PA
Total Rental Income PA £42,660.00
Flat 6 - in basement subject to necessary planning permissions - £8,340.00
Key Facts for Buyers - click here
ABOUT THE PROPERTY:
This is a rare opportunity to purchase a magnificent Double-fronted Grade II listed Georgian Mansion Block with an extensive forecourt located within a leafy suburb of Wavertree. Sitting on 0.25 acres of land, the detached building has been tastefully divided into 5 x spacious self-contained one-bedroom apartments, individual in design, filled with original features and finished to a high standard.
The apartments are currently let on AST-s at the figures detailed above and benefit from little to no void periods. It has a current total annual income of £42,660.00, giving an overall gross yield of 6.6%.
There is potential for an additional apartment in the basement, subject to the usual building and planning permissions. The building may also lend itself to further planning permissions for additional units, but again would be subject to permissions. The additional apartment could generate £650pcm, thus increasing yield to gross yield of 7.5% on acquisition price.
As can be seen from the floor plans and photos the individual apartments have unique layouts, from duplexes to open plan apartments. All apartments are bright and airy and are finished to the same immaculate standard, benefiting from luxurious parquet flooring and soft carpeting, huge sash windows with colonial shutter blinds and high ceilings adorned with ceilings coves and cornices. For this reason, the apartments have always attracted a high standard of tenant.
The communal areas are equally well-maintained and provide a fantastic first impression. There are well-kept communal gardens and forecourt parking is available for each apartment. Within this advert is a video tour of the externals.
The property is located in a beautiful and quiet area of Wavertree and there is plenty of additional green space nearby. It is an ideal location as it is walking distance to all major transport link, including Wavertree Train Station, and it is just 2.8 miles from Liverpool City Centre and close proximity to the motorway network.
The fantastic amenities of Wavertree are within walking distance and there are plenty of good schools within area. Just half a mile away is Wavertree Sports Park, which has an Olympic Size swimming pool and Liverpool Shopping Park which is home to shops including M&S Food. Wavertree Technology Park, which is a hub for IT and other leading industries, is less than 10 minutes away. The bustling Allerton Road is also a short drive away, which is famous for its bars and restaurants.These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. Any areas,
measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It
should not be assumed that the property has all the necessary planning, building regulation or other consents and we have not tested
services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
Property information from this agent
About this agent
We are LPS, a Liverpool-based property company that is doing property properly. We can do this because we are completely independent, giving us the flexibility to tailor our services to suit your exact needs. So whether you have 1 or 100 properties that you need to sell, let or manage, our friendly expert staff across our four offices will be there for you every step of the way.