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- LoopNet Team
12 Wavertree Rd
Liverpool L7 1PQ
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- New Build Development
- The upper floors comprise two self contained 4 bedroomed apartments fit to an HMO standard.
- Conveniently located in close proximity to Liverpool`s Knowledge Quarter & City Centre.
- Three-storey end of terrace double fronted ground floor commercial unit with A5 planning consent in Wavertree.
- Current rental income is £50,000 per annum with the potential income of approximately £70,000, producing a Net Initial Yield of 12.13%.
- Boasting easy access to the motorway network Edge Lane (A5047), the main arterial route linking the M62 with Liverpool C
PROPERTY FACTS
AMENITIES
- Security System
- Storage Space
- Public Transportation
ABOUT 12 WAVERTREE RD , LIVERPOOL, MSY L7 1PQ
The subject property consists of a double fronted ground floor commercial unit benefiting from A5 planning consent within a new build end terrace of traditional brick construction. The upper floors comprise two self contained 4 bedroomed apartments fit to an HMO standard benefiting from kitchen/diner with fully-integrated appliances, shower room, 2 WCs, part carpeted and part laminated flooring throughout and double glazing, currently producing £2,000-£3,000 per month by way of serviced apartments. The ground floor commercial premises is currently fit to a shell state comprising concrete flooring throughout, capped services with a three phase electricity supply and benefits from a substantial basement spanning the entire ground floor with a head height of 5.2 metres. Externally the premises benefits from an aluminium framed frontage with the added security of electric roller shutters. The property is located fronting onto Wavertree Road (B5178) close to its junction with Kinglake Street and in close proximity with Edge Lane (A5047), the main arterial route linking the M62 with Liverpool City Centre which is approximately 2 miles west of the subject property. The immediate surrounding area consist of predominately residential/student housing, with national commercial occupiers in close proximity such as Tesco Metro and Taskers Home Store to name but a few. The nearby knowledge quarter sees plans for the 450 acre site to be redeveloped providing space for creative industries such as, science technology, education and health at a cost of £2 billion over the next 5 years.
