The property consists of: Entrance hallway leading to the family bathroom which has a bath, sink and toilet. A good-sized double bedroom is also accessible from the entrance hallway. There is also an open planned kitchen/living space to the right of the hallway. This is a fantastic space and one of the largest in the area for a one-bedroom apartment. The kitchen has sink and drainer along with a oven with hob. There is a storage room also where the water tank is housed.

The property also benefits from car parking facilities to the rear which are available to residence and visitors.  

 

Caryl Street - Investment Highlights

·         Guide price £90,000.00

·         Current rental price £450.00pcm

·         Expected market rental £575.00pcm

·         Annual service charge and ground rent - £1,400.00 per annum

·         Management/lettings cost per annum - £600.00 per annum Purple Bricks

·         Leasehold – 100 years remaining

·         Yield return of 7.3%

·         Approximately 41.3sqm

 

Lettings and Management

·         The property has been let through Purple Bricks and has been for 3 years with the current tenant being in place. Charges are 10% + VAT for the management of the property.

 

Current Tenancy Status

·         Current tenants contract runs out on the 30^{th of} September 2022. The tenant has indicated that she would be looking to extend the tenancy and would be happy to commit to a 12-month contract.

 

Caryl Street - Local Amenities and Information]

·         Located in a popular residential area

·         Near all local transport links

·         Near local amenities

·         Bus stop outside the apartment block

·         Within walking distance to Liverpool city centre

Caryl Street - Purchase Process
1. Complete a reservation from to secure the unit and provide AML documents
2. Pay £1,250.00 plus VAT (50% of sourcing fee). Additional £1,250.00 plus VAT due on successful completion.
3. Solicitors instructed
4. Balance due on completion.

 

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