Picton Road, Liverpool
- Fantastic Potential HMO and Commercial Opportunity
- 15 Rooms with En-Suites
- Commercial Unit on Ground Floor
- Bio Mass Boiler
- 22% Potential Rental Yield
- 41% Discount from valuation
The full development can potentially offer a combined rental income of £106,900 (including estimated Bio mass kick back). Giving an outstanding overall yield on full occupancy of 18.6% on Guide Price
The property is located in the Eastern Liverpool suburban residential area of Wavertree, fronting Picton Road, which is a tertiary retail pitch, approximately 5km east of Liverpool city centre.
The market for mixed commercial and residential investment properties such as the subject is relatively buoyant in Liverpool at present, with evidence of value stability.
The Land Registry website indicates Freehold Title.
Entrance onto front left office, with inner hallway leading to mid-positioned office, providing access to rear office and WC, kitchenette and emergency escape door.
To the right of the front office, there is interconnecting access leading to further office space, with a doorway leading to the rear ancillary ground floor accommodation of the potential HMO.
To the right is a further inner hallway, to which there is a front office, rear right shower room / WC and rear left fitted kitchen.
Communal landing area providing access to en-suite bedrooms 1-8, stairs to second floor, communal lounge leading to rear kitchen and laundry room.
Landing area, providing access to 7 en-suite bedrooms and fitted kitchen.
The property is pavement fronted to Picton Road and Rathbone Road, with an enclosed rear yard area, providing access to first floor via fire escape and ‘plant room’.
The ground floor retail / offices have a Net Internal Area in the order of 125 m² (1,358 ft.²).
The ancillary ground floor part of the potential HMO extends to approximately 20 m² (250 ft.²).
The property benefits from connection to or proximity of all mains services including water, drainage, electricity, gas and telephone.
The property is heated and served by a Bio Mass boiler*, which is located at ground floor level to the rear of the building, with external access only.
The property is fitted with a full hard wired fire alarm and smoke detection system, with emergency lighting.
*We are advised and assume that the Biomass boiler serving the entire building is subject to a “Government Green Deal” agreement whereby, for a term of 10 years, the owner will receive an RPI Index Linked Rental of £14,500 per annum. This must be confirmed by your Solicitors.
Overall the combined rental return on the freehold potential HMO & Retail Unit is £92,000 (a potential £106,500 with the Bio Mass Boiler)
Commercial Valuation by Hardie Brack Chartered Surveyors
Market Value (Investment)- £925,000
Market Value (Vacant Possession)- £800,000
Full details and Legal Pack are available upon request. For more information please call or email
Picton Road, Liverpool
NEAREST STATIONSDistances are straight line measurements from the centre of the postcode
- Wavertree Technology Park Station0.4 miles
- Edge Hill Station0.9 miles
- Broad Green Station1.4 miles
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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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