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Lot 5 - Wednesday 16th February 2022Apt 27 94-96 Wood Street, Liverpool, Merseyside, L1 4DQ

Guide Price £135,000 - £140,000*


For Sale by Online Auction 16th February 2022

WHY BUY?
2 x Bedrooms
City Centre location
Rental income £10,200pa
Potential to increase income
Sought after development

DESCRIPTION
This is a large 2 bedroom, third floor, corner apartment that benefits from a rolling assured shorthold tenancy with the tenants currently paying £850pcm/£10,200pa. The property is currently under rented and there may be potential scope to increase the rent to circa £1,000pcm/ £12,000pa. The property is in a fantastic location and would have potential to be let on a short term AirBnB type rental with room enough for up to 6 occupants, subject to getting the necessary permissions – some similar size apartments achieve as much as £300 per night!   The property is 711sq.ft and benefits from a modern bathroom, open-plan kitchen living room and good size external balcony overlooking Wood & Bold Streets. 

LOCATION
The property is located next door to FACT Cinema and very close to Liverpool One and only 2 minutes walk from Liverpool Central train Station through Bold St. City shops, restaurants and bars, philharmonic hall, Everyman Theatre, Epstein Theatre, Liverpool Institute for performing Arts (LIPA) Royal hospital close by and Liverpool Science park connected to Liverpool University of Medicine and Dentistry.

ACCOMMODATION
Ground floor – Secure intercom entrance
Third floor - Entrance Hall, 2 x double bedrooms, bathroom, kitchen/living room, balcony

 
AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1500 + 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.

Stamp Duty Calculator

You will pay
£4,050
• This calculation assumes that you already own a property and that any purchase would result in you owning two or more properties

• if you complete before 31 March 2021, you may be exempt from paying Stamp Duty on the first £500,000 of your property value

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