For Sale by Online Auction 17th February 2021
Current income £13,800pa
3 x fully self-contained flats
Immediate yield in excess of 12%
Popular rental location
This is a large mid-terrace property that has been configured to provide 3 x self-contained flats. The freehold title has been split and each flat is on a long leasehold title, therefore giving the potential to be refinanced separately or resold off on individual units in the future.
There are 2 x two bedroom flats and 1 x one bedroom flat. All flats are self-contained with their own metered gas and electric supply and we have been informed by the vendor that all of the flats are currently let on ASTs to working tenants all paying and no arrears. The total income is £1,150pcm / £13,800pa. All flats have gas central-heating with modern combi- boilers. Each flat is fully double glazed. Also, the building is fully compliant with Sefton Councils landlord licensing which includes electric safety certificates (EICR) for each flat, and a fully compliant fire safety system with recent test certificate, both of which will be included in the legal pack. We are informed the ground rent payable is £50 per flat, per annum and there is no service charge.
The property is directly facing Derby Park in Bootle and is under 1 mile from Bootle Strand Shopping centre, Oriel Road & Bootle Strand rail stations. Liverpool City Centre is only 3 miles away.
Cellar – Storage room
Communal entrance/hall/stairs with telephone intercom to open front door
Flat 1 - Ground floor – 2 x bedrooms, kitchen, bathroom, living room - Let on AST at £400pcm
Flat 2 - First floor – 2 x bedrooms, kitchen, bathroom, living room - Let on AST at £400pcm
Flat 3 – 2nd floor – 1 x bedrooms, kitchen, bathroom, living room - Let on AST at £350pcm
Outside: Yard to rear, on-street parking to front
NB - Videos and photos taken June 2020 prior to current tenant moving in
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1250 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.