For Sale - Commercial Property - OIRO £850,000
Location
The property is located fronting onto Percy Street situated within Liverpool`s highly regarded Georgian Quarter, an established and attractive residential district characterised by elegant period architecture and tree-lined streets. The property occupies a convenient position within easy walking distance of Liverpool City Centre, Hope Street, the Knowledge Quarter and the University district, with a wide range of restaurants, bars, cafés, shops and cultural amenities nearby. The surrounding area is popular with professionals, students and city-centre residents and benefits from excellent public transport links, together with convenient access to the wider Liverpool road network.
The Property
The property comprises an attractive grade II listed Georgian terraced building arranged over lower ground, ground, first, second and attic levels, converted to provide six self contained residential flats comprising 4 x one bedroom apartments and 2 x two bedroom apartments. The accommodation is arranged across the building in a variety of configurations, with each flat providing its own kitchen, living and bathroom facilities. The property retains period character but would benefit from general upgrading and improvement in parts.
AccommodationWe have measured the premises in accordance with the RICS Property Measurement standards, with the accommodation recorded on an IPMS basis range in size from approximately 47 sq.m (506 sq.ft) to 65 sq m (700 sq.ft)
Tenancy Information
We understand that the property is currently fully occupied, with the six self contained flats let on individual residential tenancy agreements and producing a combined rental income of approximately £61,200 per annum.
Further information, including a detailed tenancy schedule and copies of the relevant tenancy agreements, is available upon request.
Tenure
We understand the property is held Freehold, subject to the existing residential tenancies.
Price
£850,000, equating to a reversionary Gross Yield of approximately 9%
EPC
The property has an Energy Performance Certificate (EPC) rating of C69. A 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