Studio for sale in Cheapside, Liverpool L2

Purplebricks are proud to offer this student studio apartment in The Bridewell Building . This is a hands off investment, fully managed by a letting management company.

Comprising a double bedroom area and a 3 piece en-suite shower room.

The property benefits from a communal lounge/kitchen area.

The building has a 24 hour concierge service with well presented communal areas a secure post room and a fully equipped gym.

With all three of the cities major universities within walking distance from The Bridewell. Liverpool John Moores is home to around 25,000 students and is only 5-10 minutes away, whilst the University of Liverpool and its 30,000 students can be reached in a further 5 minute walk.

The excessive demand for more developments just like The Bridewell stems from the fact that these universities only provide a mere 16% of student beds in Liverpool. With more and more young people selecting Liverpool’s great culture, history and nightlife for their higher education experience, this is leaving around 34,000 students without accommodation.

Although the property is empty for sale, it’s reassuring to know that there is always going to be a strong and consistent supply of students to this property. In fact, it boasts a 100% occupancy track record which has been proven since opening. Out of the 6,000 student beds currently being built throughout the city, this one offers the lowest prices, best rental returns and an unrivalled location.

£1299 rental received per quarter

Property Ownership Information

Tenure

Leasehold

Council Tax Band

B

Annual Ground Rent

£250.00

Ground Rent Review Period

Every 1 year

Annual Service Charge

£2,372.00

Service Charge Review Period

Every 1 year

Lease End Date

30/08/2264

Disclaimer For Virtual Viewings

Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.

If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.