Preston Street

Preston Street - Overview

Pure Investor are delighted to present Flat 6, 21 Preston Street, Liverpool. This is a 1 bedroom apartment in the heart of Liverpool city centre offering access to everything Liverpool has to offer. The apartment is available to purchase at £97,000 and the option to add another 90 years onto the lease for £1,250, the lease currently stands at 79 years.

The apartment does not have a EWS1 form currently however work is due to be completed by the management company for one to be available for the apartment block. This work is due to be completed around April 2022 and it involves changing the wooden balconies, so they fall in line with regulations. We have confirmation from the management company that this will be done and they will be footing all the costs. We also broached the possibility of the service charge being risen because of the work and we were reassured that this would not be the case.

Investment Highlights
Available for £95,000 (offers over)
Rental income of approximately £700 - £725 per calendar month (£8,700 gross per annum)
Annual Service Charge (inclusive of ground rent) - £1,272 per annum
Approximate rental yield - 7.8% gross

Property Details
Lease has 79 years left, (option to extend additional 90 years for £1,250)
Sellers found another property they want
Currently no EWS1, however remedial work (paid in full by the developer) will be carried out April 2022
Property is not mortgageable currently due to the above
Perfect location for people looking to live in Liverpool city centre
Apartment consists of open planned kitchen/living space, bathroom and double bedroom
Ground rent/Service charge: £106 per calendar month
Boiler is new, Washing machine is 2 years old.

Preston Street - Key Points

Location

Liverpool, United Kingdom

Price

N/A

Video - Preston Street

Development Availability

Sorry, we don't have any availability in this development at the moment. Please contact our team for more details.