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Liverpool – Prime city centre 16 bedroom student investment opportunity
Palatine Chambers, 17 Dale Street, Liverpool, L2 2EZ
Offers in excess of £915,000
- Property Type:
- Student
- Sub Type:
- Student Accommodation
- Tenure:
- Long Leasehold
Description
- 16 bedroom student accommodation
- 2 x five bed cluster flats
- 1 x six bed cluster flats
- Long Leasehold – 990 years unexpired
- Student accommodation located over four floors above a public house
- Prime location for students seeking city centre accommodation
- Convenient 2 minute walk to Liverpool John Moores University city campus and 18 minute walk to University of Liverpool campus
- Fully let every year since the property was converted in 2015
- Fully let for current Academic Year 2020/21 for £86,800 (inclusive of utilities)
- Currently 15/16 bedrooms let for Academic Year 2021/22 with a total gross projected income of £86,800 (inclusive of utilities)
- Excellent condition with potential to increase rental income by increasing tenancy lengths and rents in line with the market
- Estimated Rental Value is £96,390 per annum (inclusive of utilities)
- Seeking offers in excess of £915,000 reflecting a gross yield of 9.5%. Offers subject to existing tenancies and contract