Sourced Approved Investment

15 Apt Conversion L3 North West - Commercial

£ 1,200,000

Added: 27/02/2025

GDV£3,140,000

Profit£662,500

ROCE42%

Property description

Strategy: Conversion

"15-Apartment Conversion in Liverpool"

A 999-year lease on an existing office building, with plans in place to convert the property into 15 modern apartments. The proposed development will include 11 x 2-bedroom units and 4 x 1-bedroom units.

The financials:
▪ Purchase price: £1,200,000
▪ GDV: £3,140,000
▪ Purchase costs: £369,500
▪ Profit once sold: £662,500 (21%)
▪ ROCE: 42%
▪ Refurb costs: £1,208,000

▪ Fee: £20,000
▪ SDLT: £49,500

Sourced reference: 776974265793337

Disclaimer

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.

Read more

Due diligence

No information supplied.

Sales Agent

Mr Mark Grice

Liverpool

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