Under Offer

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