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Portfolio8 are delighted to present Flat 6, 21 Preston Street, Liverpool. This is a 1 bedroom apartment in the heart of Liverpool city centre offering access to everything Liverpool has to offer


Price:

£105,000.00

Gross Rent:

£8,400.00

Gross Yield:

8.0%

Tenancy Status: Leasehold

Tenure: Vacant

Furnishings: Unfurnished

The Property

Bedrooms
Bedrooms: 2
Bathrooms
Bathrooms: 1
Public Rooms
Public Rooms: 1
Furnishings
Unfurnished

View Floorplan

The apartment is available to purchase at £105,000 and the option to add another 90 years onto the lease for £1,250, the lease currently stands at 79 years. The apartment does not have a EWS1 form currently however work is due to be completed by the management company for one to be available for the apartment block. This work is due to be completed around April 2022 and it involves changing the wooden balconies, so they fall in line with regulations. We have confirmation from the management company that this will be done and they will be footing all the costs. We also broached the possibility of the service charge being risen because of the work and we were reassured that this would not be the case.

Preston Street - Investment Highlights

  • Available for £105,000
  • Rental return of between £600 - £700
  • Lease has 79 years left, available to extend 90 years for £1,250
  • Sellers found another property they want and had buyer at £111,000 but pulled out as there was no clarity on the EWS1 when they made the offer, since then it has been confirmed the work will be completed in April 2022
  • Property is not mortgageable currently due to lack of EWS1 form
  • Perfect location for people looking to live in Liverpool city centre
  • No parking available, on street parking is available and the current owners also pay to park their car in a NCP facility at the bottom of the road
  • Apartment consists of open planned kitchen/living space, bathroom and double bedroom
  • Redwing manage the building, leaseholders are Maritime Housing assoc ltd & Leslie Francis Doherty
  • Ground rent/Service charge: £106 per calendar month
  • Boiler is new, Washing machine is 2 years old.

Specialists in selling tenanted property for investors and landlords.

Earn rental income right up to completion.

Avoid costly void periods.

No need to evict tenants and distrut lives.

We have 1000's of investors actively seeking tenanted properties.

Portfolio8 - Property Investment

Get a question?

Our hugely experienced sales team are here to help you.

Contact Us

If you would like further details about this investment opportunity, please contact us using the form below or call us directly.

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