Description This is a ready-made opportunity for investment. This property is currently configured as a block of three self-contained 2 bed flats, each with separated electrics, bathrooms, kitchens and central heating systems. It has serviced accommodation potential (i.e. Letting as holiday let on platforms such as Airbnb and ).
The block is a prominent building at the corner of Knowsley Road and Byron Street in Bootle. It is well located with access to the Port of Liverpool with a short walk. Knowsley Road is a popular area with a Post Office, Butchers and other local retail / grocery stores within a short walk. The main Bootle Strand Shopping Centre that houses many of the high street brand stores is located within a 15 / 20 minute walk from the premises.
Currently generating £18,600 pa from standard assured shorthold tenancy (AST).
Current Yield circa 11% pa (based on purchase price of £169,950 and current rental income of £18,600 pa).
Tenure / Title The current title is a long leasehold with 900+ years remaining. Ground rent is presently peppercorn. There are also no current service charges. Titles have currently been split.
However, the freeholder is absent, and it may be possible to acquire the freehold for £3.5k. The successful buyer would have to make their own enquiries in respect of this.
Occupancy / Configuration Flat 1 is located on the ground floor and has a separate entrance and is a two bedroom, rented at £500 pcm on an expired (periodic) tenancy. Flat 1 does not have direct access to the rear yard. Area is circa 50sqm.
Flat 2 is located on the first floor and has a shared entrance with Flat 3 and direct access to the rear yard. It is a two-bedroom space, rented at £500 pcm on an expiring tenancy (Feb 2020). Area is circa 50sqm.
Flat 3 is located on the second floor and has a shared entrance with Flat 2 and direct access to the rear yard. It is a two-bedroom space, rented at £550 pcm on an expiring tenancy (Nov 2020). Area is circa 60sqm.
Energy Performance (EPC) Note that the energy performance rating on the public register does not accurately reflect the situation at premises as there have been major improvements such as the installation of central heating systems in each flat, which will favourably increase the Energy Performance.
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Step 1: How to View the Property
Viewings are first done by way of viewing the 360Vu virtual tour available within this Zoopla listing. Alternatively, you can call us and request the 360Vu virtual tour link to be sent to you.
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Step 3: We can set up a physical viewing for you.
Step 4: Once you've viewed - Quickly Reserve! A reservation payment of 5% of the agreed sale price will be requested and the opportunity will be taken off the market for you.
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