Property Details

Studio flat for sale For Sale

Produce Exchange Building, 8 Victoria Street, Liverpool L2 6QJ, L2

£70,000

ROI = 20% BMV = 67.39%

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Description

yieldit are pleased to offer to the market this modern and spacious studio apartment located within the beautiful Produce Exchange Building in Liverpool City Centre. Operated as serviced accommodation with management in place, this investment opportunity will be income producing from completion. Enquire for further details on the income potential. This studio is offered fully furnished and is decorated to the highest standards. The property is situated on Victoria Street, located within the heart of Liverpool's City Centre and within a short distance to Liverpool One, Castle Street and the Albert Dock. Liverpool is regularly named one of the UK’s best buy-to-let hotspots due to its rapid population growth and strong demand for more high-quality housing. Liverpool boasts a sizeable regional economy, of which tourism contributes in excess of £3.64bn every year thanks to the vast array of tourist attractions and amenities. Liverpool also has a significant cultural offering. Destinations such as Albert Dock, the Philharmonic and Europe’s oldest Chinatown have put Liverpool on the map as a City of Culture - an accolade it was awarded in 2008. It's easy to see why Liverpool is a global hub for a multitude of tourists, residents, and professionals. In addition to being a major tourist hub, the city is also a centre for commerce, being home to over 3,000 businesses and Liverpool ONE - the fifth largest retail centre in the UK, which makes this property an oustanding investment opportunity. The city has recently unveiled a multi-billion pound innovation plan to invest 5% of its economy in Research and Development by 2030, which is nearly double the UK’s target and would result in the creation of 44,000 jobs and add £41.7billion to the economy. This property may fall within a selective licensing area where charges may apply. Financial Breakdown Gross Rent: £30,240.00 Net income: £12,546.00 Gross yield: 43.2% Net yield: 17.92% Please contact agent for full financial breakdown. IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. yieldit ref: YL-07967

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