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9 bedroom house of multiple occupation for sale
1-3 Everton Road, Liverpool, Merseyside, L6
£650,000
1-3 Everton Road, Liverpool, Merseyside, L6
£650,000
Our Summary
- VAT is NOT applicable to this property Comprises two-storey corner building with outdoor space arranged as a 9-bedroom HMO & 2 studio flats Additional development potential subject to obtaining the necessary consents
- Plannings previously granted in 2016 and 2018 for extension of existing building to the side and into the loft to form additional residential units
- Property Description: Comprises block of 9-bed licensed HMO (all en-suite) with large communal kitchen, 3 lounges, and additional 2 self-contained studio flats, providing the following accommodation and dimensions: Basement: Communal kitchen and lounge, storage Ground Floor: 3 en-suite rooms, 1 studio, communal lounge First Floor: 6 en-suite rooms, lounge, utility room Mezzanine Floor: 1 studio Total GIA: 322 sq m (3,465 sq ft) Development Potential: Plannings previously granted in 2016 and 2018 for extension of existing building to the side and into the loft to form additional residential units
- For more information, please refer to Liverpool Planning Portal: Planning references: 16F/3076 and 18F/0711 Location: Liverpool is one of the principal Cities of the North-West located 35 miles west of Manchester
Description
This investment opportunity presents a 9-bedroom HMO and 2 studio flats in a two-storey corner building with outdoor space, situated close to the University of Liverpool and Liverpool John Moores University, and within walking distance of Liverpool Lime Street Train Station. The property generates a gross initial yield of 12.84% with a rental income of £83,468 per annum, and is VAT-exempt. The property has additional development potential, with previous planning permissions granted in 2016 and 2018 for extensions to the side and into the loft to form additional residential units. The property's location offers excellent connectivity to the city and regional networks, making it an attractive choice for students and investors alike.