69-71 Sefton Street, Liverpool
Bought For £2M
The property comprises a four storey newly built block (completed 2007) of 55 apartments and 2 commercial units with the benefit of secure under croft parking – there is lift access to all floors.
The property is located on Sefton Street which is ¾ mile south of Liverpool city centre and benefits from excellent transport links into the city.
- PRS purchase
- All flats were vacant
- 32 unsold two bedroom apartments (25 en-suite)
- 23 apartments and 2 ground floor commercial units sold off on long leases
- Total ground rent income £2,300 pa
- Estimated rental income when fully let £211,200 pa
- Estimated gross initial yield in excess of 10%