Derby Road, Liverpool L20 12 bed block of apartments for sale

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Derby Road, Liverpool L20 12 bed block of apartments for sale

Derby Road, Liverpool, Merseyside, L20
£400,000

Price History

Initial price £550,000
24/01/25 £400,000
Price Change -27.27%

Description

Mags Property presents a rare opportunity to acquire a freehold block of 12 apartments in Kirkdale, Liverpool, generating a impressive £89,650 per annum with a 22.4% gross yield. The property is fully tenanted, with all apartments being self-contained and rented out on a bills-included and furnished basis. The block boasts a communal utility room and a shared yard, as well as additional income from an advertising billboard. The property has undergone significant renovations in recent years, including remediation of the roof and new render on exterior walls with a 10-year guarantee. Located on Derby Road, the property benefits from excellent transport links and proximity to Everton Football Club's new stadium, as well as a range of amenities, shops, and leisure facilities. With ongoing regeneration and a vibrant community, Derby Road is an attractive spot for both tenants and investors.