Freehold Block of 4 S/C Units in L15, Liverpool

This is a fantastic investment opportunity situated in an excellent residential area close to a host of local amenities and transport links in Liverpool. A fully compliant property, with electric heating and double glazed windows.

This property comprises a freehold block of 2 x 1-bedroom and 2 studio apartments with rear paved yard. All 4 apartments currently tenanted by fully referenced tenants and once rental increases take affect annual income will be £24,840pcm. Fully managed by a local letting agent. Preferred sale is tenanted but seller is open to vacant possession.

We may have a housing provider that would be interested in leasing the block for 5 years, this would make a difference to the rental income as they would take the block on an FRI lease and deal with management and repairs. These figures are also shown below.

The financials: (cash)
▪ Purchase price: £320,000
▪ Purchase costs: £24,600
▪ Annual profit: £21,936
▪ Annual rent: £24,840
▪ ROCE: 7%
▪ Gross yield: 8%
▪ Net yield: 7%

The financials: (cash if leased)
▪ Annual profit: £27,600
▪ Annual rent: £27,600
▪ ROCE: 9%
▪ Gross yield: 9%
▪ Net yield: 9%


The financials:(mortgage at 6%)
▪ Purchase price: £320,000
▪ Purchase costs: £24,600
▪ Annual profit: £5,025
▪ Annual rent: £24,840
▪ ROCE: 7%
▪ Gross yield: 8%
▪ Net yield: 2%

The financials: (mortgage if leased)

▪ Annual profit: £9,240
▪ Annual rent: £27,600
▪ ROCE: 9%
▪ Gross yield: 9%
▪ Net yield: 3%

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.