4 Clippers Quay
Salford Quays
Manchester
M50 3BL
Sandown Road, Wavertree
Asking Price £625,000
5 Bedroom House - Detached
- Communal Garden
- Ready-to-go Investment Opportunity
- Detached Grade II listed Mansion Building
- 0.25 Acres of Lane
- 5 x self-contained 1 bed apartments
This is a rare opportunity to purchase a magnificent Double-fronted Grade II listed Georgian Mansion Block with an extensive forecourt located within a leafy suburb of Wavertree. Sitting on 0.25 acres of land, the detached building has been tastefully divided into 5 x spacious self-contained one-bedroom apartments, individual in design, filled with original features and finished to a high standard.
The apartments are currently let on AST’s at the figures detailed above and benefit from little to no void periods. It has a current total annual income of £42,660.00, giving an overall gross yield of 6.6%.
There is potential for an additional apartment in the basement, subject to the usual building and planning permissions. The building may also lend itself to further planning permissions for additional units, but again would be subject to permissions. The additional apartment could generate £650pcm, thus increasing yield to gross yield of 7.5% on acquisition price.
As can be seen from the floor plans and photos the individual apartments have unique layouts, from duplexes to open plan apartments. All apartments are bright and airy and are finished to the same immaculate standard, benefiting from luxurious parquet flooring and soft carpeting, huge sash windows with colonial shutter blinds and high ceilings adorned with ceilings coves and cornices. For this reason, the apartments have always attracted a high standard of tenant.
The communal areas are equally well-maintained and provide a fantastic first impression. There are well-kept communal gardens and forecourt parking is available for each apartment. Within this advert is a video tour of the externals.
The property is located in a beautiful and quiet area of Wavertree and there is plenty of additional green space nearby. It is an ideal location as it is walking distance to all major transport link, including Wavertree Train Station, and it is just 2.8 miles from Liverpool City Centre.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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