7 bedroom block of apartments for sale

Linacre Road, Litherland, L21 8NS

Offers in Region of £189,950

Property Description

Key features

  • Residential/Commercial Mixed Use Property
  • 7x Self Contained Flats & 1x Retail Unit
  • Not Available to Purchase Individually
  • Fully Occupied Income of 38,487.60 per annum
  • Flats Benefiting from Double Glazing & Gas Central Heating
  • Excellent Transport Links
  • Impressive 20%+ Yield
  • Unbroken Freehold Investment Property
  • Potential to Increase Rental Income
  • Viewing Highly Recommended

Full description

Tenure: Leasehold

A RESIDENTIAL/COMMERCIAL MIXED USED INVESTMENT PROPERTY PRODUCING A POTENTIAL ANNUAL INCOME OF £38,487.60 PER ANNUM AND OFFERING AN ATTRACTIVE 20%+ YIELD

Commercial Units - 103-107 Linacre Road, L21 8NS

The property briefly compromises of; glazed shop front to two elevations, roller shutters, multiple showrooms with counter, kitchen area and WC.

Type: Retail unit
EPC Rating: Pending
Rateable Value: £4,050 for 103-107 Linacre Road
Number of Floors: 1
Parking: On Street
Heating: Electric
Use Class: A1 assumed

The property is currently leased to a furniture store as from June 2016 on a 5 year FRI lease with a 2 year tenant break clause. The lease also benefits from a guarantor. The rent has been agreed at £450 per calendar month.

7x 1 bedroom flats - 103-107 Linacre Road, L20 5AQ

Each flat briefly compromises of; entrance hallway, modern fitted kitchen, living room, double bedroom and a bathroom. One of the flats (ground floor - flat A) benefits from a good size back yard.

Each flat also benefits from double glazing and gas central heating and the communal areas benefited from a mains powered fire alarm system.

Type: Flat
EPC Rating: D58 - variable per flat
Number of Floors: 1
Parking: On Street
Heating/Energy: Gas Central Heating, Double Glazing

Tenancy Schedule

Flat A - We are advised that the commercial tenants of 103-107 are renting this flat as additional storage as from 7/12/16 at a rent of £250 per calendar month
Flat B - AST as from 15/9/16 at a rent of £90.90 per week
Flat C - AST as from 8/2/16 at a rent of £57.77 per week. The rent on this flat is lower than the others because it is let to a tenant under the age of 35 who does not qualify for the 1 bedroom rate of local housing allowance due to their age.
Flat D - AST as from 22/1/16 at a rent of £90.90 per week
Flat E - vacant but ready for occupation
Flat F - AST as from 4/11/16 at a rent of £57.77 per week. The rent on this flat is lower than the others because it is let to a tenant under the age of 35 who does not qualify for the 1 bedroom rate of local housing allowance due to their age.
Flat G - AST as from 14/9/16 at a rent of £90.90 per week

We are advised that all ASTs are for an initial 6 month fixed term and tenants are generally left on a periodic tenancy following the end of the initial fixed term.

This opportunity will not be on the market for long so contact us today to arrange your viewing!

Further Details

Property Type: Block of Apartments
Floor: Ground Floor
No. of Floors: 3
EPC Rating: Pending
Local Authority: Sefton Metropolitan Borough Council
Parking: On Street
Heating/Energy: Gas Central Heating, Double Glazing

Leasehold Information

Tenure: Leasehold
Lease Start Date: 01/01/1987 (approx)
Original Lease Term: 999 year(s)
Lease Expiry Date: 31/12/2985 (approx)
Lease Term Remaining: 969 year(s) (approx)

Listing History

Added on Rightmove:
01 November 2016

Nearest stations

  • Seaforth & Litherland (0.3 mi)
  • Bootle New Strand (0.8 mi)
  • Bootle Oriel Road (1.1 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Atlas Estate Agents, Aigburth

10 Ashfield Road, Aigburth, Liverpool, L17 0BZ

0151 954 0500 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Seaforth & Litherland (0.3 mi)
  • Bootle New Strand (0.8 mi)
  • Bootle Oriel Road (1.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Atlas Estate Agents, Aigburth

10 Ashfield Road, Aigburth, Liverpool, L17 0BZ

0151 954 0500 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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