Liverpool Freehold Block

Location: Liverpool

Price: £1,260,000

Discount: Included

We’ve had the instruction for a 17-unit block, just 10 minutes from Liverpool City Centre. The large Victorian property has recently been converted into 7 x residential apartments and 10 x separate serviced apartments – essentially being split into two sections with their own separate entrances.

All units are under a fixed lease for the next 5-years currently generating £75,600 PA with being contracted to increase to £81,120 PA in years 4 & 5. With this type of lease in place, this means there are no bills, management or maintenance charges for the landlord to pay throughout the entirety of the agreement – the only expense for potential buyers would face are finance deductions and building insurance.

To further break down the lease in place; the residential apartments are let to a charity at £46,200 PA beginning in May 2021 and the serviced apartments are let to a hotel operator at £33,000 PA starting in November 2021.

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Liverpoool Pub

Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.

Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.