Penny Lane, Mossley Hill, L18

Key Features

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• 5 bedroom, 1 bathroom flat
• Five Bedroom Flat
• Rental Income of £20,000 Pa - 9.1% Yield
• Opportunity to Add Value/Increase Rent
• Managing Agent in Place
• Double Glazing & Gas Central Heating
• On Street Parking
• Highly Sought After South Liverpool Location
• Served By Excellent Transport Links
• Local Shops and Amenities

Description

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A three storey leasehold flat operating as a licenced 5 bedroom HMO. Currently generating £20,000 per annum (9.3% yield) with the scope to increase the rent by adding value.

The property is currently managed by County Estates based on County Road, Liverpool. The rent includes all bills.

Please note that the commercial retail unit is not included in the sale, this listing is for the flat only. The retail unit is owned by somebody else and is not for sale.

Please visit our website for additional information.

This opportunity will not be on the market for long so contact us today to arrange your viewing!

Further Details

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Property Type: Flat (5 bedroom, 1 bathroom)
Tenure: Leasehold
Floor: Ground
No. of Floors: 3
Floor Space: 95 square metres / 1,019 square feet
EPC Rating: D61
Council Tax Band: A
Local Authority: Liverpool City Council
Parking: On Street
Heating/Energy: Gas Central Heating, Double Glazing
Appliances/White Goods: Electric Oven, Electric Hob (Ceramic)

Leasehold Information

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Tenure: Leasehold
Lease Start Date: 01/01/2007 (approx)
Original Lease Term: 125 year(s)
Lease Expiry Date: 31/12/2131 (approx)
Lease Term Remaining: 107 year(s) (approx)
Service Charge: None
Ground Rent: Peppercorn
Leasehold Information: We are advised that there is no service charge/ground rent payable

Tenancy Schedule

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Description	Tenant	Size/Area	Rent	ERV	Lease Type	Lease Start Date	Lease Expiry Date	Comments
Room 1	Vacant	-	-	£325 pcm	-	-	-	Previously let at £325 pcm, left empty whilst the property is marketed for sale
Room 2	Yes	-	£325 pcm	£325 pcm	Assured Shorthold Tenancy	-	-	Periodic tenancy. Tenant has been in occupation for over 6 months.
Room 3	Yes	-	£325 pcm	£325 pcm	Assured Shorthold Tenancy	-	-	Periodic tenancy. Tenant has been in occupation for over 6 months.
Room 4	Yes	-	£325 pcm	£325 pcm	Assured Shorthold Tenancy	-	-	Periodic tenancy. Tenant has been in occupation for over 6 months.
Room 5	Yes	-	£367 pcm	£367 pcm	Assured Shorthold Tenancy	-	-	Periodic tenancy. Tenant has been in occupation for over 6 months.
TOTAL	-		£16,104 pa	£20,004 pa	-	-	-	-

Disclaimer

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These particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers/tenants and do not constitute an offer or part of a contract. Please note that any services, heating systems or appliances have not been tested and no warranty can be given or implied as to their working order. Prospective purchasers/tenants ought to seek their own professional advice.

All descriptions, dimensions, areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers/tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them.