5 Bed Of Multiple Occupation House For Sale Penny Lane, Liverpool, L18
£400,000- Of Multiple Occupation
1 of 14
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Last Updated: 18th April 2024
Description
yieldit are excited to offer this incredible opportunity for investors looking to expand their portfolio with a mixed used venture. The freehold property is ideally situated on the famous Penny Lane and compromises of a ground floor retail unit let to a well-established business and a separate five-bedroom HMO. Spread across two floors it includes a spacious open plan reception room with fitted kitchen and family bathroom with three-piece suite. \r
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The HMO is available with vacant possession, allowing the new owner to run and maximise the return how they wish. The property has previously been ran as a licensed HMO, appealing to young professionals and students looking for conveniently placed and good value accommodation. If the property was to be let as serviced accommodation on a short term let basis, an investor could expect an impressive return in the region of 14.5% NET.\r
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Liverpool is regularly named as one of the UK’s best buy-to-let hotspots due to its rapid population growth and strong demand for housing. Liverpool boasts a large regional economy, of which tourism contributes in excess of £3.64bn every year thanks to the vast array of tourist attractions and amenities on offer, so investing in property in this thriving city is a wise choice. It is also renowned for its University’s and thousands of students are constantly drawn to the city, meaning rental properties in the city are in ever increasing demand.
Financial Breakdown
Gross Rent: £38,220.00
Net income: £32,340.00
Gross yield: 9.56%
Net yield: 8.09%
Please contact agent for full financial breakdown.
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
yieldit ref: YL-07742
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The HMO is available with vacant possession, allowing the new owner to run and maximise the return how they wish. The property has previously been ran as a licensed HMO, appealing to young professionals and students looking for conveniently placed and good value accommodation. If the property was to be let as serviced accommodation on a short term let basis, an investor could expect an impressive return in the region of 14.5% NET.\r
\r
Liverpool is regularly named as one of the UK’s best buy-to-let hotspots due to its rapid population growth and strong demand for housing. Liverpool boasts a large regional economy, of which tourism contributes in excess of £3.64bn every year thanks to the vast array of tourist attractions and amenities on offer, so investing in property in this thriving city is a wise choice. It is also renowned for its University’s and thousands of students are constantly drawn to the city, meaning rental properties in the city are in ever increasing demand.
Financial Breakdown
Gross Rent: £38,220.00
Net income: £32,340.00
Gross yield: 9.56%
Net yield: 8.09%
Please contact agent for full financial breakdown.
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
yieldit ref: YL-07742
Agent Details
yieldit
Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.