HIGH QUALITY FREEHOLD STUDENT LETTING APARTMENTS IN LIVERPOOL & CHESTER

Chester

Ref: 114052

Freehold £3,495,000 (Ltd Co sale)
Status For Sale

Key Features

  • Impressive levels of rental income
  • 3 outstanding locations
  • 3 scrupulously maintained freehold properties
  • A total of 60 smart letting units
  • Extremely well fitted communal facilities
  • Consistently high occupancy levels
  • Lots of further potential
  • Extensive inventory of quality fixtures and fittings included
  • Outstanding acquisition for expanding lettings solutions provider
  • Sensibly priced for genuine limited company sale
  • Early viewing strongly advised
  • AdvertText

    Stunning opportunity to acquire THREE impressive & extremely well maintained freehold properties offering a total of 60 stylish & largely self-contained acoustically insulated studio apartment & en-suite bed-sits in prime locations near major transport links & university campuses. Comes with VAST inventory of high-end fixtures & fittings included & HUGE scope to increase rents etc or fantastic specialist acquisition for expanding lettings solutions provider. Sensibly priced for genuine Ltd Co sale after many successful years trading in same hands with early viewing absolutely essential REF 1555

    Location

    Each of the subject properties occupies an outstanding and very convenient trading position with excellent access to local university campuses, libraries, major transport links and excellent amenities in the vibrant North West cities of Chester and Liverpool.

    Business Description

    We are delighted to present this outstanding opportunity to acquire the valuable freehold rights to a commercial proposition of uncommon size, quality and further potential, which we are confident you will agree represents genuine value.

    These three substantial and scrupulously maintained freehold properties currently boast a total of sixty, smart and fully acoustically-insulated student letting units ranging from fully self-contained two and one-bedroom flats and studio apartments to en-suite bed-sitting rooms, with the two Liverpool properties currently sub-let to an independent property management agent.

    Each of the properties also feature intercom security entry system and extremely well fitted communal facilities and would naturally furnish any enthusiastic investor with considerable scope for continued growth, not least with regard to possibly adopting a direct ‘hands on’ approach to the management of the Liverpool properties and to possibly raising the rents of the Chester property to match the higher rents achieved by similar properties in the area.

    The company would also benefit by adopting a more vigorous marketing policy of its excellent existing facilities, both through its own informative dedicated website and to further development of its social media presence, in order to improve upon the impressive levels of rental income it is achieving in the hands of the current sole director.

    Alternatively, this versatile proposition would most certainly appeal to some similar-sized or larger allied enterprise looking to very significantly increase its existing share of the property lettings solutions services market by the acquisition of three substantial and superbly located additional freehold properties which would be eminently capable of achieving an even higher return on initial capital investment in terms of increased future rental income, and we would unreservedly recommend a viewing.

    Property Description

    The subject portfolio consists of three substantial and Business Rates exempt freehold properties, all of which we understand have recently undergone an extensive programme of refurbishment undertaken at great expense by the current proprietor, including full, new re-plumbing and re-wiring.

    Each of the properties provide a high standard of accommodation, which briefly comprises :-

    HUNTER STREET, CHESTER

    Accessed by means of a communal entrance with modern intercom security system, this extremely well maintained, three-storey freehold property provides a high standard of letting accommodation arranged over three floors, which briefly comprises a total of 13 x smart and self-contained 1-bed studio apartments.

    Each of the acoustically-insulated apartments consists of a spacious, open-plan bed-sitting room with fully fitted integral domestic kitchenette and a separate, fully fitted shower room/WC.

    Further ancillary internal accommodation consists of a communal lobby area leading to a fully fitted and equipped shared laundry room.

    The property also enjoys the benefit of electric heating and Wi-Fi internet access throughout, in addition to the added safety benefits of modern fire and smoke alarm systems.

    Externally:

    Occupying an outstanding and very convenient location close to a local library, university campus, excellent amenities and major transport links in the busy heart of the prosperous and historic tourist cathedral city of Chester, to the exterior the property incorporates a useful enclosed service yard area to the rear.

    SHAW STREET, LIVERPOOL

    This scrupulously maintained five-storey freehold property provides extremely well fitted and appointed internal accommodation arranged over five floors, which briefly comprises the main communal entrance with modern intercom security access system into a shared reception hallway with staircase access to the upper floors.

    The property provides a high standard of acoustically-insulated student accommodation in a total of 20 fully self-contained 2 and 1-bedroom flats and studio apartments, together with a total of 12 x bed-sitting rooms with fully fitted private en-suite facilities.

    Further ancillary internal accommodation consists of fully fitted and equipped communal kitchen and laundry facilities.

    The property also enjoys the benefit of electric heating and Wi-Fi internet access, in addition to the added safety and security benefits of CCTV monitoring and modern fire and smoke alarm systems.

    Externally:

    Occupying an outstanding and very convenient location within easy strolling distance of excellent local amenities, major transport; links and the Liverpool John Moores and Hope University campuses, to the exterior the property features a substantial and secure rear communal car park which may comfortably accommodate up to 20 (TWENTY) vehicles.

    PRINCESS ROAD, LIVERPOOL

    This extremely well maintained freehold property provides a high standard of internal student letting accommodation, which briefly comprises the main communal entrance with modern intercom security access system into a welcoming reception foyer and hallway area.

    The reception hallway, in turn, affords easy access to a total of 15 individual letting units, which comprise:-

    12 x self-contained 1-bed apartments consisting of an open-plan lounge/bedroom with fully fitted integral domestic kitchenette, together with a separate, fully fitted shower room/WC.

    3 x double en-suite bedsitting rooms.

    Further ancillary internal accommodation consists of fully fitted and equipped communal kitchen and laundry facilities.

    The property also enjoys the benefit of electric heating, double glazing and Wi-Fi internet access, in addition to the added safety and security benefits of CCTV monitoring and full fire and smoke alarm systems.

    Externally:

    To the exterior the property incorporates a well maintained and enclosed private garden area.

    Additional Information

    For further information, why not visit the company’s excellent dedicated website at:-

    www.lnalettings.co.uk

    Fixtures & Fittings

    The business is well fitted throughout and a valuable inventory of equipment is to be included in the sale price

    Enquire about this business

    Kevin Mulhern
    HeadOffice

    Ref: 114052

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