For Sale - Commercial Property - Price £2,200,000
Location
The property occupies a prominent position on Mount Pleasant within Liverpool city centre`s established Knowledge Quarter, close to the University of Liverpool, Liverpool John Moores University and Liverpool Metropolitan Cathedral. The surrounding area comprises a mix of residential, student, hotel and leisure accommodation, benefiting from strong levels of year-round activity and demand. Liverpool city centre and Liverpool ONE are within easy walking distance, whilst the property also benefits from excellent transport links with nearby bus routes, Liverpool Central Station and Lime Street Station all close by. Road communications are convenient via Edge Lane (A5047), Upper Parliament Street (A562) and the M62 motorway network.
The Property
The property comprises a substantial mid-terraced Grade II Listed building is constructed of traditional solid brick elevations beneath a pitched slate roof arranged over lower ground, ground, first, second and third floors, currently configured as a fully let 27-bedroom House in Multiple Occupation (HMO). The accommodation provides a mix of ensuite bedrooms and studio rooms together with communal kitchen and dining facilities. Externally, the property benefits from a rear yard/car parking area accessed via Green Lane together with an external fire escape staircase to the rear elevation.
Accommodation
We have measured the premises in accordance with the RICS Code of Measuring Practice (6th Edition) each bedroom providing a Gross Internal Area of approximately 5,627 sq ft (521.65 sq m)
Tenancy Information
We understand that all rooms occupied and are let by way of 12 month Assured Shorthold Tenancy agreement currently producing a gross passing rent of approximately £210,720 per annum inclusive of bills
Further information available upon request.
Tenure
We understand the property is held Freehold.
Price
£2,200,000 reflecting a Gross Yield of c9.5%.
EPC
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
ViewingsStrictly by appointment via the sole agents SK Real Estate (Liverpool) Ltd Tel: 0151 207 9339 / Contact: Tom Pearson (tom.pearson@skre.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: Unknown
Other Items
Heating: Not Specified
Garden/Outside Space: No
Parking: No
Garage: No