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16 Residential Buy-To-Let Properties, BTL Portfolio, Liverpool, L6

818 to 3,907 Sq Ft / Other / Residential

For Sale - £2,100,000.00

Under Offer - Last updated: 31 August 2024

Opportunity to acquire a portfolio comprising 16 residential properties, together with a ground floor convenience store. Located across Merseyside and North Wales, the residential properties are mainly occupied and income producing via 6-month AST agreements, whilst the commercial unit is let on a 25 year lease from 14th August 2014.

Scope exists to increase rents/value of the portfolio through refurbishment, re-gears, letting vacant space, or break-up. Offers are invited for the unbroken portfolio.

Location

Located in Liverpool, Kirkby and Llandudno

Accommodation

Comprising:

  • 10 x terraced houses
  • 1 x semi-detached house
  • 5 x block of apartments
  • 1 x shop/convenience store

See attached brochure for more information.

Terms

OFFERS - Offers in excess of £2.1m, subject to contract and exclusive of VAT.

An acquisition at this level reflects a Net Initial Yield of 8.05% after deducting purchase costs of 6.3% and a Reversionary Yield of 12.41% after letting of vacant space and regears.

TENURE - All properties are held freehold.

See attached brochure for more information

Specification

  • Freehold
  • Comprising:
  • 10 x terraced houses
  • 1 x semi-detached house
  • 5 x block of apartments
  • 1 x shop/convenience store
  • Located in Liverpool, Kirkby and Llandudno
  • Clustering of properties enables efficient management
  • Considerable reversionary potential through active asset management
  • Income producing with a current rent of £179,600 per annum
  • ERV circa £277,100 per annum
  • Offers in excess of £2.1m, subject to contract and exclusive of VAT. An acquisition at this level reflects a Net Initial Yield of 8.05% after deducting purchase costs of 6.3% and a Reversionary Yield of 12.41% after letting the vacant space and regears.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in excess of For Sale Freehold £2,100,000.00 NA

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Contact agents

Callum Clark

Watling Real Estate

0161 635 0133



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