Property Details

10 bedroom block of apartments for sale For Sale

£825,000

ROI = 0% BMV = 0%

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Description

FOR SALE VIA MODERN METHOD OF AUCTION VIA HOWSOLD Nestled in the desirable area of Sefton Park, Greenbank Drive presents an exceptional opportunity to acquire a block of flats within a splendid Victorian villa. Converted in 2005, this impressive property encompasses six larger-than-average apartments, comprising four two-bedroom and two one-bedroom units, all boasting solid oak flooring and secondary glazing for added comfort. This freehold property is under a single title, offering the potential for commercial classification under Stamp Duty Land Tax (SDLT). Alternatively, it can be divided into six separate titles, providing flexibility for future investment strategies. The current gross income stands at an attractive £61,200 per annum, with the potential to increase to £70,000, yielding an impressive 8%. The property features a car park accommodating up to ten vehicles, ensuring ample parking for residents and guests. A communal garden at the rear offers a tranquil outdoor space for relaxation, while a communal cellar provides convenient storage options for all tenants. Additionally, there is an annexe currently used for storage, which has planning permission to be converted into a three-bedroom flat, enhancing the property's appeal and potential rental income. Situated close to the vibrant amenities of Smithdown Road, as well as the picturesque Sefton Park and Greenbank Park, this location is ideal for those seeking a blend of urban convenience and natural beauty. With an Energy Performance Certificate rating of C or D, this property not only offers a lucrative investment opportunity but also aligns with modern energy efficiency standards. In summary, this block of flats on Greenbank Drive is a remarkable investment opportunity, combining spacious living, excellent income potential, and a prime location in one of Liverpool's most sought-after areas. Important Information for Buyers: Mortgage Buyers: Those considering a mortgage should thoroughly assess the property with their lender before placing a bid. Buyer Costs: A Buyer Information Pack is available and must be reviewed before bidding. The winning bidder will be charged £300 (including VAT) for this pack. A Reservation Fee of 4.5% of the final purchase price (minimum £6,600 including VAT) is payable by the winning bidder. This fee is non-refundable and secures the property for the buyer during the Reservation Period. The Reservation Fee is separate from the purchase price but is considered when calculating Stamp Duty Land Tax (SDLT). Additional Services: The estate agent or auctioneer may recommend third-party services. If a buyer chooses to use these, the agent or auctioneer may receive a commission from the provider. Buyers should ensure they understand the auction terms before proceeding.

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