Property Details

12 bedroom block of apartments for sale For Sale

£400,000

ROI = 2% BMV = -216.88%

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Description

Mags Property are delighted to offer this freehold block of 12 apartments (11x studios and 1x1 bed) in Kirkdale, Liverpool for sale. The property is fully tenanted and generating £89,650 per annum, sold with a 22.4% gross yield! All apartments are fully self-contained and rented out on a bills included and furnished basis with deposits held for all tenancies. There is a communal utility room to the ground floor with a shared yard externally. Additional benefits of the block include an income from an advertising billboard, the roof having extensive remediation over the past 2 years and new render on parts of the exterior walls with a 10 year guarantee. Derby Road boasts excellent transport links and is just a short distance from Everton Football Club’s new stadium at Bramley-Moore Dock, adding to the area’s appeal. With ongoing regeneration and proximity to the city centre, Derby Road offers a range of amenities, including shops, dining options, and leisure facilities. Its vibrant community and strategic location make it an attractive spot for both tenants and investors. Contact Mags Property for more details and to view!

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