577 West Derby Road, Tuebrook, Liverpool, L13 8AE
Location: About two miles east of Liverpool City Centre, part of a busy local shopping area between Marlborough Rd and Osborne Road and close to Tuebrook post office, the junction of West Derby Road with Green Lane, Lisburn Lane and Muirhead Avenue. It is a busy main road, but there is free on street parking in a lay-by and side roads and many bus routes.
A three storey building containing a shop to the ground floor (£670 pcm) and a flat/maisonette on 3 floors with 6 large habitable rooms let at £550 pcm) (see plan and dimensions below).
The flat/maisonette has a separate entrance at the front.
Facilities: full gas central heating and double glazing to the flat
The auction guide price is £100,000. Total rents of £14,640 p.a. will give a net return of 11.7% after deducting 20% for repairs, management, insurance, letting costs etc. If the property sold for £90,000 the net return would be 13%
Management. For an initial period of one year I am offering a comprehensive management service at 5% of rents received, and a comprehenisve letting service (adverts on all major websites) for £300 + vat.
Plans and dimensions below
Flat/maisonette (separate entrance, self contained)