2 & 19 Newsham Drive, Two Investment Properties - Liverpool [L6 7UJ]

- About
Number 2 Newsham Drive is a substantial and prominent twenty one bedroomed property which was newly renovated to a superior standard in 2021. Number 19 Newsham Drive is also a substantial and prominent property offering eleven bedrooms which were renovated to an exceptional standard in 2020. Both properties are currently tenanted.

- Premises Details
Number 2 Newsham Drive is an impressive 19th century property that has been elegantly renovated in 2021. The property has twenty one rooms across four floors.

The lower ground floor comprises of three ensuite rooms, hallway and store room. The ground floor comprises of a further three ensuite rooms, entrance hallway, office, communal kitchen, communal dining room and toilet facilities. The first floor comprises of a further four ensuite rooms and three rooms with shared bathroom facility. Finally, the second floor, as with the first floor comprises of further four ensuite rooms and three rooms with shared bathroom facility.

Number 19 Newsham Drive is also an impressive 19th century property that has been elegantly renovated in 2020. The property has eleven rooms across four floors.

The lower ground floor comprises of a large living room which is currently used as a bedroom, communal kitchen, utility room, drying room, toilet and three storage rooms. The ground floor comprises of three ensuite rooms, hallway, toilet and further storage rooms. The first floor comprises of a further two ensuite bedrooms, one room with shared bathroom facilities on the same floor and communal living room with kitchenette. There are also storage facilities on this floor. The second floor comprises of another three ensuite rooms and one room with share bathroom facilities on the same floor.

Each and every room in both properties has been carefully designed with comfort and style in mind. All areas are finished to exacting standards and our client has ensure the property has been maintained extremely well.

- Financial Information
Our client has secured two reliable tenants for both properties generating a total rental income of £173,400 per annum with a rental yield of 8.2%. Full financial information is available upon request.

19 Newsham Drive is a freehold property. 2 Newsham Drive is a leasehold property - the freeholder is Liverpool City Council. The lease states that a new owner acquire the freehold for £1 - this purchase process has already been initiated.

- Summary
These two impressive investment properties occupy enviable positions in a thriving and sought after area of Liverpool. The leases on both properties will be due for renewal meaning that a new owner could look to increase income further with an agreed increase in the rental cost for the tenants. This proposition would ideally suit a new owner able to push the business forward and build upon the solid and impressive trading foundations. Early viewings are very strongly advised.