Studio flat for saleWright Street, Liverpool, Merseyside, L5
Sold STC £25,000
- Ideal 'hands-free' investment
- Fully managed student let
- Studio apartment
- Bedroom & en-suite shower room
- Shared kitchen and living area
- Bicycle store & shared laundry facilities
- Close to city centre
- Within walking distance to two universities
- Close to all amenities
- Property built three years ago
The property is located within a modern purpose built block, approximately one mile north of Liverpool city centre, just off Scotland Road on Wright Street.
The property is within close proximity to the Royal Liverpool university hospital, Liverpool John Moores University and the institute of performing arts.
Liverpool has one of the largest student populations in England.Demand for modern purpose built accommodation is high, but in short supply.
There are a wide range of amenities within walking distance and excellent transport links to the city centre.
A modern furnished one room studio with en-suite shower room comprising of low flush WC, wash hand basin and shower facilities.
The property has access to a shared kitchen and living area.
To the ground floor there is a shared bicycle store and shared laundry facilities.
The property is one of a block of 31 en-suite rooms, with a shared kitchen and living room to each floor. Each apartment is furnished with a double bed, storage, study area with chair and a shower room.
The building was constructed only three years ago.
Studio 15.5 Sq M 166 Sq Ft
Total 15.5 m2 166 ft2
Approx. gross internal floor area.
We understand the property has mains gas, electric, water and drainage.
Long leasehold - we are advised the lease is for 250 years from 2013. Review legal pack for further information.
The property is currently let for £95 per week for the university year of approximately 44 weeks (£4180 pa), representing a gross yield of 16.72%.
We have been advised of the following approximate costings:
Service charge: £136 pm
Ground rent: £150 pa
Management fee approx: 6% pm
Please be advised an inspection of this property has not been undertaken and photographs and measurements have been provided by a third party.
More information from this agent
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
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