Produce Exchange Buildings, 6/6a/10 Victoria Street, Liverpool L1 6BD
0 Sq Ft
£350,000
- Type: Investment
- Availability: For Sale
Situation
The Ground Rents are secured on Produce Exchange Buildings which is located in a prime city centre location close to all the amenities as shown on the attached location plan.
Description
The building comprises 54 x 1 bed, 2 bed and Studio Apartments plus 1 Commercial Unit on the Ground Floor. It was fully refurbished in 2018.
Tenure
The Ground Rents are held on a 500 year Lease from and including 31 March 2016 expiring 30 March 2516 (492 years unexpired) at a peppercorn. 55 Units held on Leases from 31 March 2016 to 6 March 2515 (494 years unexpired) each uncapped reviewable every 5 years by RPI.
Current income: £22,400 p.a
Price
£350,000 (three hundred and fifty thousand pounds). Subject to Contract.
Equating to a gross initial yield 6.4%.
Inspection
Lucy Warriner
Lucy.warriner@fifieldglyn.com
07903 092763
The Ground Rents are secured on Produce Exchange Buildings which is located in a prime city centre location close to all the amenities as shown on the attached location plan.
Description
The building comprises 54 x 1 bed, 2 bed and Studio Apartments plus 1 Commercial Unit on the Ground Floor. It was fully refurbished in 2018.
Tenure
The Ground Rents are held on a 500 year Lease from and including 31 March 2016 expiring 30 March 2516 (492 years unexpired) at a peppercorn. 55 Units held on Leases from 31 March 2016 to 6 March 2515 (494 years unexpired) each uncapped reviewable every 5 years by RPI.
Current income: £22,400 p.a
Price
£350,000 (three hundred and fifty thousand pounds). Subject to Contract.
Equating to a gross initial yield 6.4%.
Inspection
Lucy Warriner
Lucy.warriner@fifieldglyn.com
07903 092763