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Manchester 0161 967 0122
21st October 2020 Auction
Lot Number - 2
AVAILABLE AT AUCTION
£750,000 Guide Price (plus fees)

6 & 6A Ullet Road
Liverpool
Merseyside
L8 3SR

Part let detached two/three storey 14 bed HMO with 3 self contained 1 bed flats plus a single storey 8 bed HMO with potential to provide a gross income of £120,000 when fully let

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  • 22 letting bedroom HMO across two properties

  • 3 self contained 1 bed flats

  • Large site

  • Development potential STP

  • Potential gross income £120,000 per annum

  • Part let and part vacant

Description

The main property (Number 6) comprises a large detached period property, part two and part three storey which was formerly a church, now converted into residential. It is now configured as a 14 bedroom HMO, with shared kitchen, lounge, utility room, basement storage, 2 bathrooms and a shower room, plus 3 self contained flats with an entrance hall, kitchen/diner, bedroom plus bathroom or shower room.

At the rear is a single storey detached property (No 6A), consisting of 8 bedrooms, a further 2 rooms, a separate living area and kitchen/diner, utility room plus 2 bathrooms and 2 shower rooms.

1 of the flats in Number 6 and all rooms in 6A are currently vacant. We understand 8 of the 14 HMO rooms in Number 6 are let at monthly rents between £325 and £400 and 2 of the self contained flats are let at £600 per month. Please refer to Legal Pack. When fully let, assuming an average rent of £375 for the letting bedrooms and £595 for the 1 bedroom flats the property could generate a gross income of £120,000 per annum.

Location

Situated in an established area for rented accommodation, ideally located to attract students and occupiers looking for short and longer term lets, the property benefits from convenient access to local bus routes on Ullet Road and the nearby A561, close proximity to Sefton and Princes Park and local shops and amenities on Lark Lane. Liverpool city centre is approximately 2 miles to the north west.

Accommodation

Number 6:

Basement: 3 Rooms Storage

Ground Floor: Entrance Hall, Lounge, Utility Room, Bathroom, Shower Room and 8 Letting Rooms

First Floor: Kitchen, Bathroom and 6 Letting Rooms, plus 1 Self Contained Flat - Entrance Hall, Kitchen/Lounge, Bedroom and Bathroom

Second Floor: 2 Self Contained Flats - each with Entrance Hall, Kitchen/Lounge, Bedroom and Bathroom or Shower Rooom

Number 6A:

Ground Floor: Entrance Hall, 2 Bathrooms, 2 Shower Rooms, Kitchen/Diner, Utility, 8 Letting Rooms and a further 2 Rooms

Tenancies

1 of the flats in Number 6 and all rooms in 6A are currently vacant. We understand 8 of the 14 HMO rooms in Number 6 are let at monthly rents between £325 and £400 and 2 of the self contained flats are let at £600 per month. Please refer to Legal Pack.

Buyers Administration Fee

There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.

Tenure

Freehold.

Outside

Parking and yard at side, together with a large rear patio area and lawn with mature trees

Additional Information

1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.

2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.

Addendum

We understand from the seller that the 3 self contained flats do not require HMO licencing, but the position regarding 6A needs confirming as the licence provides for 20 persons and there 22 letting bedrooms across the properties. Additional licensing may be required and interested parties should rely on their own enquires in this regard. We have requested and await a copy EPC from the current managing agents for the remainder of 6 Ullet Road, together with copy tenancy agreements. 1 of the flats in Number 6 and all rooms in 6A are currently vacant. We understand 8 of the 14 HMO rooms in Number 6 are let at monthly rents between £325 and £400 and 2 of the self contained flats are let at £600 per month. The tenancy position is confirmed in the CPSE 6 replies and there is a copy remittance statement confirming rents received for September.
Photo of Kate Lay

Kate Lay

0161 967 0122
Photo of Heather Twiss

Heather Twiss

0161 967 0122

Solicitor

Kate Burlinson
BHW Solicitors
01164029022
kate.burlinson@bhwsolicitors.com
Lot 2
£750,000 Guide Price (plus fees)
0161 967 0122
Manchester
0151 242 6754
Liverpool
0207 692 1930
London
Landwood Property Auctions is a trading name of LWA Manchester Limited a company registered in the United Kingdom under company number: 10855915. Registered Office: South Central 11 Peter Street Manchester M2 5QR. A list of directors is available at the registered office. VAT Reg Number: 277177173