Block, 29-31 Sefton Park Road, Liverpool
15 self contained flats in Liverpool producing 123k pa with room to add value
The property is comprised of fifteen apartments - fourteen one bedroom and one two-bedroom apartments, furnished to a VG standard. Each self contained flat has it's own gas, electric and water meter with gas central heating (Combo boilers), double glazing, intruder and fire alarms and CCTV (yet there have been no security concerns at all during our 17 year ownership). Sefton House was constructed circa 1890, later converted into nine flats and then, circa 1970's, six more apartments were added with a flat roof onto the backside of the building. All licensing and certifications are up to date (Gas and electrical certs, EPCs).
A large back garden is located off the car park at the rear of the property. A basement also offers development potential.
A recently constructed two car garage and adjunct bicycle storage area is located by the car park. There is also a masonry bin store area.
Each flat has a car bay, however, not all tenants have cars, opting instead to use public transport (across the street and at the corner of Croxteth Road) to work at area hospitals and universities.
The annual rental income is currently £123,250. There is surely an upside as there is consistently very strong interest in the lettings and we typically rent to the first person after screening enquiries and have not routinely raised rents. Almost all tenants are physicians, veterinarians, and university lecturers. All very respectful, no problems with payment or duty of care.