144-150 Borough Road, Wallasey
Size
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Tenure
Freehold
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Parking
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- Primary use
- Other
No floor / site plan
Key features
- Former 20 Bedroom HMO and Flat
- Modernisation Works Recently Completed
- Development Potential (stp)
- Opportunity to Create High Yielding Investment
- Freehold
- Established and Popular Location
- ERV of £76,284 per annum (based on LHA rates)
- VAT-Free Opportunity
- Offered with Full Vacant Possession
- ERV Reflects 21.19% Gross Yield on Guide Price
Description
Arranged across first and second floors with access from two separate doors at ground floor level, the property was previously a licensed HMO with 20 bedrooms alongside a single, one bedroom, flat.
Modernisation works have recently been completed at the property including new floors, paintwork and refitted bathrooms.
Based on Local Housing Allowance (LHA) rates for the area, we anticipate the property could achieve a rent of £76,284 per annum if fully let, creating an attractive high yielding investment.
The property may also be suitable for conversion to alternative uses, subject to obtaining the requisite consents.
Located on Borough Road, the property is situated in an established residential area, popular with commuters to Liverpool City Centre, with public transport journey times of approximately 20 minutes.
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- Business rates
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
Unclassified
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144-150 Borough Road, Wallasey
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Disclaimer - Property reference 3C3E32A2-9B9E-466F-9D87-44231650D103. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills National , Savills Auctions- Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.