Lot 2 - 44 Ellerslie Road, Liverpool, Merseyside, L13 8AR
- Unconditional Online Auction Sale
- Guide Price* : £170,000 plus
Addendum
The seller informs us that Flat 5 has been re-let at £380 per month.
Residential investment comprising large mid terrace split into 5 self contained flats let at an annual gross equivalent rent of £24,089
Description
The property comprises a large mid terrace property, which has been split to provide 3 one bedroom flats and 2 studio flats. The property will be sold with tenants in situ, all are currently let at a combined annual gross equivalent rent of £24,089.88. We understand from the seller that Flats 4 and 5 were refurbished within the last 5 years and the remainder may benefit from updating if the tenants vacate at some point. One tenant has occupied since 1999, two since 2017 and the remainder have all been in occupation since 2020 and 2021 (over 12 months).
Location
Ellerslie Road is an established location for private rented accommodation, conveniently located short walk (approximately 250m) from West Derby Road (A5049) which provides access to bus routes, local shops, public houses and food outlets. The city centre lies approximately 2.5 miles to the south west.
Tenure
Freehold.
Accommodation
Flat 1 : One bed flat.
Flat 2 : One bed flat.
Flat 3 : Studio
Flat 4 : One bed flat.
Flat 5 : Studio.
Outside
Front forecourt and rear yard.
Tenancies
Flat 1: Let for £444.16 pcm & Tenant in occupation since January 2017
Flat 2 : Let for £400 pcm & Tenant in occupation since November 2020
Flat 3 : Let for £368.33 pcm & Tenant in occupation since November 1999
Flat 4 : Let for £415 pcm & Tenant in occupations since April 2017
Flat 5 : Let for £380 pcm - just re-let
EPC
Energy Asset Rating D (3 units) & Engergy Asset Rating E (2 units).
Buyers Administration Fee
There will be a Buyer's Administration Fee of £1,920 (inc VAT) payable upon exchange of contracts.Additional Information
1. Some of the internal images were provided by the seller and relate to Flats 2, 4 and 5 and were taken before the tenants moved in. The remainder were taken in April 2022.
2. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
3. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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