For Sale by Online Auction 7th April 2021
8 Bed Fully Licensed HMO
High Yield Opportunity
Popular Rental Area
This is an eight double-bedroom HMO property, located on Rocky Lane, Liverpool 6. The property was completely refurbished in 2018 and previously received £2,609pcm when fully let. At present there are 3 of the 8 bedrooms let on rolling AST’s bringing an immediate rental income £11,076pa. Accommodation is across 3 floors and comprises communal hallway, 8 double bedrooms, 3 bathrooms, 2 kitchens and a large communal lounge. The property benefits from full UPVC double glazing, a new boiler and central heating system, plus full re-wire and hard-wired burglar and smoke alarm system in 2018. The current license is granted for 10 persons and there is scope to reconfigure back to its original 9-bedroom format, providing potential for further rental income.
Rocky Lane is a popular area for investment within close proximity to Liverpool City Centre and Liverpool John Moore's University. It runs straight off West Derby Road, the main A5049 into Liverpool City Centre and is positioned within a bustling commercial and residential area with shops, take-aways, bars and restaurants. There are frequent bus services almost on the doorstep and the closest railway station is Wavertree Technology Park, within one and a half miles.
Across 3 Floors: Hallway, 8 double bedrooms, 3 bathrooms, 2 kitchens, large lounge