Block of flats for sale in Everton Road, Liverpool L6

Investment Consideration:
Gross Initial Yield: 9.23%
Rental Income: £71,500 p.a.
VAT is not applicable to this property
Comprises two-storey corner building with outdoor space arranged as a 9-bedroom HMO & 2 studio flats
Additional development potential subject to obtaining the necessary consents. Plannings previously granted in 2016 and 2018 for extension of existing building to the side and into the loft to form additional residential units.
Situated close to University of Liverpool and Liverpool John Moores University and within short walk from Liverpool Lime Street Train Station.

Property Description:
Comprises block of 9-bed licensed HMO (all en-suite) with large communal kitchen, 3 lounges, and additional 2 self-contained studio flats, providing the following accommodation and dimensions:
Basement: Communal kitchen and lounge, storage
Ground Floor: 3 en-suite rooms, 1 studio, communal lounge
First Floor: 6 en-suite rooms, lounge, utility room
Mezzanine Floor: 1 studio
Total gia: 322 sq m (3,465 sq ft)

Development Potential:
Plannings previously granted in 2016 and 2018 for extension of existing building to the side and into the loft to form additional residential units. For more information, please refer to Liverpool Planning Portal:
Planning references: 16F/3076 and 18F/0711

Location:
Liverpool is one of the principal Cities of the North-West located 35 miles west of Manchester. The property is strategically located within walking distance of major bus stops, ensuring seamless connectivity to the city and beyond. The nearest train station is Liverpool Lime Street, just a short walk away, providing easy access to regional and national rail networks. Situated within close proximity to University of Liverpool and Liverpool John Moores University, making this property an ideal choice for students looking for convenience and a seamless connection to their academic pursuits.