Sold

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