Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a mixed-use freehold investment, including a ground floor retail unit together with rear commercial accommodation and a vacant former HMO to the upper parts.
At ground floor level, the property includes a retail unit trading as a tattoo parlour, let at £5,400 per annum. In addition, there is a commercial unit situated to the rear at 35 Florence Road.
The upper parts are arranged across the first and second floors, with access from two separate doors at ground floor level. The accommodation was previously configured as a licensed HMO comprising 20 bedrooms alongside a single one-bedroom flat. Modernisation works have recently been completed, including new flooring, redecoration and refitted bathrooms.
Based on Local Housing Allowance (LHA) rates for the area, the upper parts are expected to produce a rental income of approximately £76,284 per annum once fully let. Including the ground floor and rear commercial accommodation, the total Estimated Rental Value (ERV) for the entire property is approximately £86,800 per annum, offering an attractive high-yielding investment opportunity.
The property may also be suitable for conversion to alternative uses, subject to obtaining the requisite consents.Located on Borough Road, the property sits within an established residential area popular with commuters to Liverpool City Centre, with public transport journey times of approximately 20 minutes.
Tenure
Freehold