150 Princes Road, Princes Park, Liverpool, L8 2UL
Location: About one mile south-east of Liverpool City Centre, 0.25 miles from local shops on Lodge Lane. 0.5 miles from the Tesco Superstore on Park Road; Princes Road itself is a bus route for Liverpool city centre. About 200 yards from the entrance to Princes Park.
A three storey building containing 4 one-bed flats and 2 two-bed flats. The rents £pcm from Flats 1 to 6 are 400, 330, 330, 390, 308 and 300. All flats are self contained and have separate bathrooms, bedrooms and kitchens except Flat 1 & 2 where the very large room to the front has a kitchen at one end and lounge/dining area at the other. There are communal gardens to front and rear and the rear has potential for car parking
Facilities: full gas central heating (except for flat 5)
Auction guide price is £300,000. Total rents of £24,696 p.a. giving a return of 6.6% after deducting 20% for repairs, management, insurance, letting costs etc. If the property sold for £270,000 the net return would be 7.3%
Management. For an initial period of one year I am offering a comprehensive management service at 5% of rents received, and a comprehenisve letting services (adverts on all major webiste) for £300 + vat.
Plans and dimensions below