Latest Valuation
£315,360
ROCE
%
Selling Agent
Sourced Liverpool North

15.9% Yield – BTL Serviced Accommodation in Liverpool

This property has the benefit of being on just one title, which could be split in the future to release equity from each apartment.
Guide Price
£275,000

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Key Features

  • Excellent location
  • Fully tenanted
  • Fully furnished
  • Great potential capital uplift
  • Title split
  • Below market value

The Property

Sourced are proud to present this fantastic serviced accommodation and buy to let opportunity.

This investment is perfect to take over an operating established business, which is turning over £43k a year.

Flat 1: 2 bedrooms, living room, kitchen, bathroom.

Flat 2: 3 bedrooms, living room, kitchen, bathroom.

Flat 3: 2 bedrooms, large living/kitchen area, 2 bathrooms (1 en-suite).

Planning Information

There is lapsed planning permission, which was granted to build a 4th apartments.

The Plan

Please take a look at this fantastic serviced accommodation and buy to let opportunity in Liverpool.

This is an exciting opportunity to take over a operating established business, which is turning over £43k plus a year.

It comes in the form of 3 flats in one building on one title, owned by a LTD company.

One of flats are currently being using as serviced accommodation and two are let on ASTs.

They are generating the following income on average.

Flat 1: Currently let on AST at £795 PCM.

Flat 2: Currently let to 5 x contractors working in the city on a serviced accommodation contract at £500 per week.

Flat 3: Currently let on AST at £795 PCM.

They are owned by a limited company, which means stamp duty on the purchase can be as little as 0.5%.

When the SA market picks up again, there is no reason why you couldn't turn them all into SA.

This property also has the benefit of being on just one title, which could be split in the future to release equity from each apartment.

There is also development opportunity possible, as there is lapsed planning permission for a 4th apartment in the roof space.

This is a turnkey high yielding investment, with regular clients and sitting tenants.

As this property is under one title, there is also the opportunity to split the titles to make 3 titles.

This can work well to be able to release more equity, which enables you to sell in the future as 3 flats rather than 1 building.

Releasing fund option through title split:

Cost: £285k

Sourcing fee: £10k

Total money in to buy the property: £93,500 (25%)

Average valuation for flats in L8: £103,960

3 x £103,960 = £311,880

75% LTV = £233,910 available for release.

The Location

This apartment is just a 10-minute walk to The Baltic, which is probably one of the most exciting and fast growing areas of Liverpool; once the well-worn factory and workshop of the city back in the slave trade of the 1800s, now a thriving and cutting-edge destination that is at the heart of the Independent Liverpool scene and is home to a number of digital and creative businesses.

Unlike other cultural quarters of Liverpool, The Baltic is not polished and prepared, it’s raw, it’s organic and it’s exciting.

Liverpool ONE, which is also nearby, is well worth it to experience the best examples of Liverpool’s creative industry. It’s the place for fun, alternative dining, partying and even more partying.

Ever been to a late night garage rave? Head down to the Baltic and they’ll show you how it’s done. Expect to be boogieing to an array of music in what was once an abandoned warehouse.

It’s also probably the best place to brunch, with a diverse range of cafes on offer.

Check out the menu at Constellations for a fantastic British brunch. The jewel in the Baltic Triangle is the camp and furnace. Inside you’ll find open log fires, vintage caravans, bare bulbs, lobster and street food.

Ranked second in The Times’ 20 Coolest Restaurants in Britain, It’s the place that you’ll want to tell all your friends about.

Just around the corner is where you’ll find Constellations, the urban garden, live music venue, exhibition space and studio. Timber meets flowers, street food and bar.

You might be at Constellations for an arts fair, festival of exhibition or just for a drink.

Average estimated value for a house in L8 4RB

£105,120

Property type: Flats

Avg. current value: £103,960

Avg. £ per sq ft: £176

Avg. # beds: 1.9

Avg. £ paid (last 12m): £105,120