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5 bedroom block of apartments for sale
Penny Lane, Liverpool L18
£275,000
Penny Lane, Liverpool L18
£275,000
Price History
Initial price | £300,000 |
15/08/24 | £275,000 |
Price Change | -8.33% |
Description
This exceptional mixed-use property on Penny Lane in Liverpool's Mossley Hill area offers a unique investment opportunity. The ground floor commercial unit is currently leased to a popular dessert shop, generating immediate rental income, while the spacious 4/5 bedroom apartment above is fully vacant and ready for refurbishment. The property has previously operated as a House in Multiple Occupation (HMO) and has the potential to generate up to £42,000 per annum in rental income after refurbishment. Situated on the renowned Penny Lane, a prime tourist attraction and cultural hotspot, the property benefits from excellent amenities and transport links. With no onward chain and the opportunity to renew the HMO license, this is a fantastic investment opportunity in one of Liverpool's most desirable locations.