For Sale Available - Commercial Property - Price £795,000
Location
The property occupies a highly sought-after position on Hope Street, within the heart of Liverpool`s Georgian Quarter, one of the city`s most desirable districts. Hope Street forms a key link between Liverpool`s two cathedrals and is well known for its grand Georgian townhouses, many of which have been sympathetically converted for residential, educational, and commercial use. The surrounding area offers an excellent range of restaurants, bars, cultural venues, and independent retailers, including the Everyman Theatre, Philharmonic Hall, and Liverpool Institute for Performing Arts (LIPA). The location is particularly popular with students and young professionals, benefitting from close proximity to Liverpool`s main university campuses, the Knowledge Quarter, and city centre amenities.
The Property
The property comprises an attractive four-storey Georgian mid-terrace building of solid brick construction beneath a slate roof, set behind cast-iron railings on the highly sought-after Hope Street within Liverpool`s Georgian Quarter. The building retains much of its original character, including sash windows, arched doorway with fanlight, and stone detailing to window openings. Internally, the property is arranged and maintained as a 10-bedroom HMO in accordance with current regulations. The ground, first and second floors each provide three bedrooms, a communal kitchen, and shared bathroom, while the lower ground floor offers one bedroom, a communal kitchen/lounge, additional kitchen provision, and an ancillary room albeit not in use.
Accommodation
We have measured the premises in accordance with the RICS Code of Measuring Practice (6th Edition) each bedroom providing Net Internal Area of between 10 sq.m (108 sq.ft) 24 sq.m (258 sq.ft)
Tenancy Information
We understand that all rooms occupied and are let by way of 12 month Assured Shorthold Tenancy agreement producing a collective all inclusive rent of £71,000 per annum (approx. £145.00 per room, per week)
Further information available upon request.
Tenure
We understand the property is held Freehold.
EPC
The property has an Energy Performance Rating of D65. A full copy of the EPC is available upon request.
Council Tax
Interested parties should make their own enquiry of Liverpool City Council on 0151 233 3008 or www.liverpool.gov.uk/council-tax
Price
£795,000 reflecting a Gross Yield of c9%.
ViewingsStrictly by appointment via the sole agents SK Real Estate (Liverpool) Ltd Tel: 0151 207 9339 / Contact: Tom Pearson (tom.pearson@skrealestate.co.uk
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Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own research into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Utilities
Electric: Mains Supply
Gas: Mains Supply
Water: Mains Supply
Sewerage: Mains Supply
Broadband: Unknown
Telephone: Landline
Other Items
Heating: Not Specified
Garden/Outside Space: Yes
Parking: No
Garage: No