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Land for sale

Land adjacent to 60 Kremlin Drive, Liverpool

Guide Price* £60,000

Property Description

Full description


For Sale by Auction 12th February 2020

WHY BUY?
Planning permission granted
4 x 2 bedroom flats
Good rental & sale area
Ideal small development

DESCRIPTION
This is an opportunity to purchase a small parcel of land that has been granted planning permission to build a four storey building providing 4 x 2 bedroom flats. Should the property be developed to a good standard then the development value could be in the region of £400,000 should each individual flat be sold for £100,000. Alternatively if retained as an investment, if each flat was to be rented for £550pcm, then the total annual income would be £26,400pa.

Full plans are available on request or can be found on Liverpool City Council Planning using Application number: 19F/0107

LOCATION
The property is accessed from Queens Drive mid way between Tuebrook, Old Swan and West Derby. There are numerous shops, bars and restaurants on nearby West Derby Road. Liverpool City Centre is only 4 miles away with regular public transport links close by.
AUCTION FEES
The sale of this lot is subject to a Buyer’s Administration Fee of 1% + VAT of sale price, subject to a minimum £1250 + VAT, payable on the fall of the hammer. The purchase of this property may include associated fees not listed here. Any additional fees will be implemented by the sellers solicitors and confirmed in the legal pack which can be downloaded for free from our website prior to the auction.


More information from this agent

Listing History

Added on Rightmove:
22 January 2020

Map & Street View

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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.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Venmore, Auction Department on 0151 236 6746.


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