Linacre Road, Litherland, L21

£189,950 Offers in the Region of

7 bedroom block of apartments withdrawn

Key Features

  • 7 bedroom, 7 bathroom block of apartments
  • Residential/Commercial Mixed Use Property
  • 7x Self Contained Flats & 1x Retail Unit
  • Not Available to Purchase Individually
  • Fully Occupied Income of £38,487.60 per annum
  • Flats Benefiting from Double Glazing & Gas Central Heating
  • Excellent Transport Links
  • Impressive 20%+ Yield
  • Unbroken Freehold Investment Property
  • Potential to Increase Rental Income
  • Viewing Highly Recommended
Description

A RESIDENTIAL/COMMERCIAL MIXED USED INVESTMENT PROPERTY PRODUCING A POTENTIAL ANNUAL INCOME OF £38,487.60 PER ANNUM AND OFFERING AN ATTRACTIVE 20%+ YIELD

Commercial Units - 103-107 Linacre Road, L21 8NS

The property briefly compromises of; glazed shop front to two elevations, roller shutters, multiple showrooms with counter, kitchen area and WC.

Type: Retail unit
EPC Rating: Pending
Rateable Value: £4,050 for 103-107 Linacre Road
Number of Floors: 1
Parking: On Street
Heating: Electric
Use Class: A1 assumed

The property is currently leased to a furniture store as from June 2016 on a 5 year FRI lease with a 2 year tenant break clause. The lease also benefits from a guarantor. The rent has been agreed at £450 per calendar month.

7x 1 bedroom flats - 103-107 Linacre Road, L20 5AQ

Each flat briefly compromises of; entrance hallway, modern fitted kitchen, living room, double bedroom and a bathroom. One of the flats (ground floor - flat A) benefits from a good size back yard.

Each flat also benefits from double glazing and gas central heating and the communal areas benefited from a mains powered fire alarm system.

Type: Flat
EPC Rating: D58 - variable per flat
Number of Floors: 1
Parking: On Street
Heating/Energy: Gas Central Heating, Double Glazing

Tenancy Schedule

Flat A - We are advised that the commercial tenants of 103-107 are renting this flat as additional storage as from 7/12/16 at a rent of £250 per calendar month
Flat B - AST as from 15/9/16 at a rent of £90.90 per week
Flat C - AST as from 8/2/16 at a rent of £57.77 per week. The rent on this flat is lower than the others because it is let to a tenant under the age of 35 who does not qualify for the 1 bedroom rate of local housing allowance due to their age.
Flat D - AST as from 22/1/16 at a rent of £90.90 per week
Flat E - vacant but ready for occupation
Flat F - AST as from 4/11/16 at a rent of £57.77 per week. The rent on this flat is lower than the others because it is let to a tenant under the age of 35 who does not qualify for the 1 bedroom rate of local housing allowance due to their age.
Flat G - AST as from 14/9/16 at a rent of £90.90 per week

We are advised that all ASTs are for an initial 6 month fixed term and tenants are generally left on a periodic tenancy following the end of the initial fixed term.

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

Property Type: Block of Apartments (7 bedroom, 7 bathroom)
Floor: Ground Floor
Tenure: Leasehold
No. of Floors: 3
EPC Rating: Pending
Local Authority: Sefton Metropolitan Borough Council
Parking: On Street
Heating/Energy: Gas Central Heating, Double Glazing
Leasehold Information

Tenure: Leasehold
Lease Start Date: 01/01/1987 (approx)
Original Lease Term: 999 year(s)
Lease Expiry Date: 31/12/2985 (approx)
Lease Term Remaining: 966 year(s) (approx)
Disclaimer

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. 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.

All measurements are approximate.
Room Details

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Michael Le Brocq
Michael Le Brocq
Sales & Lettings Director
Marketed by our
Aigburth Branch
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