Block of flats for sale

Alexandra Road, Waterloo L22

Investment Consideration:
Rental Income: £56,631 p.a.
Gross Initial Yield: 8.09%
VAT is not applicable to this property
Comprises three-storey residential block of 6 apartments (4 x 1-Bed and 2 x 2-Bed)
Situated within 5 min walk from Waterloo Station, which has regular services to Liverpool Central (18 minutes).

Property Description:
Comprises semi-detached residential block of 6 newly refurbished apartments (4 x 1-Bed and 2 x 2-Bed). The property benefits from communal garden at front and rear and provides the following accommodation and dimensions:
Apartment 1: 45 sq m (485 sq ft) - Ground/First Floor
2 Bedrooms, kitchen, living room, bathroom
Apartment 1A: 54 sq m (581 sq ft) - Ground/First Floor
1 bedroom, kitchen/living room, bathroom
Apartment 1B: 56 sq m (603 sq ft) - Ground/First Floor
1 bedroom, kitchen/living room, bathroom
Apartment 2: 47 sq m (506 sq ft) - First Floor
1 bedroom, kitchen/living room, bathroom
Apartment 3: 39 sq m (420 sq ft) - Ground Floor
1 bedroom, kitchen/living room, bathroom
Apartment 4: 72 sq m (775 sq ft) - Ground Floor
2 Bedrooms, kitchen, living room, bathroom
Total gia: 313 sq m (3,370 sq ft)

Tenancy:
Apartment 1 is at present let on AST to an Individual at a current rent of £9,600 p.a. Deposit held of £899.
Apartment 1A is at present let on AST to an Individual at a current rent of £9,000 p.a. Deposit held of £865.
Apartment 1B is at present let on AST to an Individual at a current rent of £9,300 p.a. Deposit held of £894.
Apartment 2 is at present let on AST to an Individual at a current rent of £9,891 p.a. Deposit held of £905.
Apartment 3 is at present let on AST to an Individual at a current rent of £8,340 p.a. Deposit held of £801.
Apartment 4 is at present let on AST to an Individual at a current rent of £10,500 p.a. Deposit held of £1,009.

Location:
Waterloo is a densely populated suburb of Liverpool located on the coast overlooking Liverpool Bay approximately 5 miles north of the city centre and in close proximity to the A565 and A5758, linking the town to both the M57 and M58 motorways. The property is situated within 5 min walk from Waterloo Station, which has regular services to Liverpool Central (18 minutes).