Sold
Liverpool – Four Unbroken Freehold blocks comprising 70 flats in total
Offers in excess of £5,500,000
- Property Types:
- Portfolio, Residential
- Sub Type:
- Block of Flats
- Tenure:
- Freehold




Description
- Four unbroken Freehold block of flats
- Comprising 70 self-contained flats in total, 88% of which provide two bed accommodation
- Currently fully let producing a gross income of £407,100 per annum
- Estimated Rental Value of £442,320 per annum
- The portfolio provides affordable accommodation in areas of high demand
- Offers are invited in excess of £5,500,000 for the portfolio in its entirety, subject to all existing tenancies, subject to contract
- An acquisition at this level reflects a Gross Initial Yield of 7.4% and a Gross Yield against the projected ERV of 8%. The average unit value is £78,571
- Offers for individual blocks will be considered