Report a Fault Produce Exchange Buildings, 6/6a/10 Victoria Street, Liverpool L1 6BD
0 Sq Ft
£350,000
- Type: Investment
- Availability: For Sale
For Sale: The Ground Rents are secured on Produce Exchange Buildings which is located in the prime city centre of Liverpool, close to all the amenities as shown on the attached details.
The building comprises 54 x 1 bed, 2 bed and Studio Apartments plus 1Commercial Unit on the Ground Floor. It was fully refurbished in 2018.
The Ground Rents are held on a 500-year Lease from and including 31st March 2016 expiring 30th March 2516 (495 years unexpired) at a peppercorn.
Underleases: 55 Units held on Leases from 31 March 2016 to 6 March 2515 (494 years unexpired) each paying £350 per annum reviewable every 5 years to RPI.
Current income is £19,250 pa on £350 per annum each.
Price: £350,000 (three hundred and fifty thousand pounds). Subject to Contract.
Equating to a gross initial yield 5.5% and a reversionary yield of 6.4%.
Contact lucy.warriner@fifieldglyn.com for an inspection.
The building comprises 54 x 1 bed, 2 bed and Studio Apartments plus 1Commercial Unit on the Ground Floor. It was fully refurbished in 2018.
The Ground Rents are held on a 500-year Lease from and including 31st March 2016 expiring 30th March 2516 (495 years unexpired) at a peppercorn.
Underleases: 55 Units held on Leases from 31 March 2016 to 6 March 2515 (494 years unexpired) each paying £350 per annum reviewable every 5 years to RPI.
Current income is £19,250 pa on £350 per annum each.
Price: £350,000 (three hundred and fifty thousand pounds). Subject to Contract.
Equating to a gross initial yield 5.5% and a reversionary yield of 6.4%.
Contact lucy.warriner@fifieldglyn.com for an inspection.
