Studio for sale in Borough Road, Wallasey CH44
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Former 20 Bedroom HMO and Flat
- Offered with Full Vacant Possession
- In Need of Modernisation
- Development Potential (stp)
- Opportunity to Create High Yielding Investment
- Freehold
- Established and Popular Location
- Erv of £76,284 per annum (based on lha rates)
- Erv Reflects 42.38% Gross Yield on Guide Price
Property description
Strapline
Auction Sale - 03/09/2024
Of Interest to Investors and Developers
First and Second Floor Residential Property Comprising Former 20 Bedroom HMO and One Bedroom Flat
Potential to Convert to Multiple Flats (subject to obtaining the requisite consents) or to Refurbish Existing Units to Create a High Yielding Investment - Estimated Rental Value of £76,000 per annum When Let
Description
The property comprises a vacant freehold former HMO with 20 bedrooms and a single one bed flat.
Arranged across first and second floors with access from two separate doors at ground floor level, the property was previously a licensed HMO with 20 bedrooms alongside a single, one bedroom, flat.
Whilst the property was previously a fully licensed HMO, we understand works are required in order to renew this license.
Based on Local Housing Allowance (lha) rates for the area, we anticipate the property could achieve a rent of £76,284 per annum if fully let, creating an attractive high yielding investment.
The property may also be suitable for conversion to alternative uses, subject to obtaining the requisite consents.
Located on Borough Road, the property is situated in an established residential area, popular with commuters to Liverpool City Centre, with public transport journey times of approximately 20 minutes.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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