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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)