Sold
Liverpool – Residential Investment Opportunity comprising six buildings
4-14 Clock Tower Park, Longmoor Lane, Liverpool, L10 1LD
Offers in excess of £3,250,000
- Property Type:
- Residential
- Sub Type:
- Block of Flats
- Tenure:
- Long Leasehold
Lease Term
A term of 150 years (less 10 days) from 28th September 2012 at a ground rent of £6,300 per annum. The review date is each fifth anniversary of the Rent Commencement Date.
Description
- Long Leasehold interest over 36 flats within six buildings
- 12 x one bed; 12 x two bed; 12 x three bed apartments
- High quality conversion
- Currently 33 flats subject to Assured Shorthold Tenancies with three vacant flats
- Current Gross Rent Reserved: £249,660 pa
- Estimated Gross Rental Value (if fully let): £275,040 pa
- Gross Yield: 8.5% (based on ERV)