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INVESTMENT PROPERTY
INVESTMENT PROPERTY - 5x1 Bedroom apartments within Georgian Mansion Block
£575,000
INVESTMENT PROPERTY - 5x1 Bedroom apartments within Georgian Mansion Block
£575,000
Our Summary
- 00Flat 6 - in basement subject to necessary planning permissions - £8,340
- There is potential for an additional apartment in the basement, subject to the usual building and planning permissions
- The building may also lend itself to further planning permissions for additional units, but again would be subject to permissions
- Ready-to-go Investment Opportunity
Description
This stunning Grade II listed Georgian Mansion Block is a rare opportunity to purchase a detached building with 5 spacious self-contained one-bedroom apartments, each with its own unique layout and finish. The apartments are currently let on ASTs, generating a total annual income of £42,780, with a gross yield of 7.4%. The property also has potential for an additional apartment in the basement, subject to planning permissions, which could increase the yield to 8.8%. The apartments feature original features, high ceilings, and luxurious finishes, and are located in a quiet and beautiful area of Wavertree, within walking distance to major transport links and amenities. The property also has a large forecourt and communal gardens, making it an ideal investment opportunity for those looking for a stable and lucrative return.