HMO in L15

Smithdown Road, Liverpool, Merseyside, L15 5AF

Starting Bid
£280,000

Sold

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Ready-made and income-producing property investment
  • Mixed-use property
  • Excellent location for a student HMO
  • Expected to generate around £46,120
  • Viewing is highly recommended
  • For Sale By 'Secure Sale' Terms & Conditions apply

HMO in L15

*For sale via secure sale online bidding: terms and conditions apply.*

Are you looking for a ready-made and income-producing property investment in Liverpool? This might be it.

This mixed-use property consists of a 5-bed HMO on the upper floors over a retail unit below. There is also a large garage unit which has been let for over 5 years.

- Excellent location for a student HMO
- Multiple units to let means risk of full void is low
- Fully let retail unit
- Fully let garage
- Cash flowing from day 1

The area is very popular with student lets and room rates have been increasing over the last few years. The owners have achieved £110pw per room over the last academic year and expect that to increase to £125pw going forward.

Fully let, the property is expected to generate around £46,120 generating an incredible Gross Yield and excellent returns for investors.

All in all, this is a fantastic opportunity for an investor to take on a ready-made investment and benefit from the fantastic cash flow.

*Images of the retail unit are from a previous shop. They are included to show the size only. Viewing is highly recommended to fully appreciate the property.

Video Tour of the HMO accommodation is available via the following link https://my.matterport.com/show/?m=YjkTt2XQRL3

Please note we have not inspected this property.

Summary

  • Property Type: HMO
  • Parking: None

Location

The subject property is located along Smithdown Road, just outside of central Liverpool along the A562. There is a variety of different transport links next to the property including Nicander Road bus stop located just 59ft away and the closest train station being Mosley hill which is only 1.1 miles away. To get into Liverpool City Centre you would have to travel only 3 miles and you could visit places such as The Royal Albert Dock and shop at Liverpool ONE Shopping Centre.

Accommodation


This mixed-use property consists of a 5-bed HMO on the upper floors over a retail unit below. There is also a large garage unit which has been let for over 5 years.

Tenure

Freehold. Title number MS196430

Income

We are advised that the retail unit is let at £650pcm, rising to £700pcm in Dec 2023, on a 2 year term from Dec 2022, the garage is let at £480pcm on a rolling basis and HMO is partially tenanted with 2 rooms let at £125pw until Dec 2023.
Further details can be found in the legal pack.

Rateable Value

The current rateable value is £5,600 as of 1 April 2023.

Sourced by VOA

EPC

We are currently awaiting a copy of the energy performance certificate.

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.