Land For Sale £650,000
City Residential are delighted to offer for sale this Freehold residential investment comprising four apartments which are currently let producing a gross income of £37,200, together with the potential of a further 3 bed apartment which planning permission has been submitted for.
Once the buyer completes the work for the final apartment the investment will comprise a total of five apartments producing an erv (Estimated Rental Value) of £48,000.
123/129 Lark Lane is located in Aigburth which is one of the most popular residential locations in South Liverpool. The area boasts one of the Liverpool’s most well-known open spaces, the Grade I listed Sefton Park which covers an area of 235 acres comprising parkland, lakes, playgrounds, and the stunning Grade II listed Palm House. Lark Lane itself (known as The Lane by locals) has boomed in popularity over the last 10 years offering a bohemian and eclectic mix of independent shops, bars, cafes, and restaurants. The area also offers a variety of arts/crafts and culture. More comprehensive shopping can be found close by on Aigburth Road.
The apartments at 123/129 Lark Lane have been built to a high standard and form part of an attractive brick-built building that has been designed to compliment the range of existing properties on this popular road. Further detail of the apartments/tenancies can be found below:
Apartment 1: Let at £775pcm
Apartment 2: Let at £825pcm
Apartment 3: Let at £650pcm
Apartment 4: Let at £850pcm
Apartment 5 (new to be constructed): 3 Bed Apartment - Anticipated rental of £950pcm
Once the buyer completes the work for the final apartment the investment will comprise a total of five apartments producing an erv (Estimated Rental Value) of £48,000.
123/129 Lark Lane is located in Aigburth which is one of the most popular residential locations in South Liverpool. The area boasts one of the Liverpool’s most well-known open spaces, the Grade I listed Sefton Park which covers an area of 235 acres comprising parkland, lakes, playgrounds, and the stunning Grade II listed Palm House. Lark Lane itself (known as The Lane by locals) has boomed in popularity over the last 10 years offering a bohemian and eclectic mix of independent shops, bars, cafes, and restaurants. The area also offers a variety of arts/crafts and culture. More comprehensive shopping can be found close by on Aigburth Road.
The apartments at 123/129 Lark Lane have been built to a high standard and form part of an attractive brick-built building that has been designed to compliment the range of existing properties on this popular road. Further detail of the apartments/tenancies can be found below:
Apartment 1: Let at £775pcm
Apartment 2: Let at £825pcm
Apartment 3: Let at £650pcm
Apartment 4: Let at £850pcm
Apartment 5 (new to be constructed): 3 Bed Apartment - Anticipated rental of £950pcm
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