Tea Factory

PROPERTY OVERVIEW

A well-presented one-bedroom apartment in one of Liverpool city centre’s most established residential conversions. The flat has just become vacant and is currently being actively marketed to let at £800 pcm. A purchaser can move straight to securing a tenant, or the sale can proceed with a tenancy already agreed by completion.

Positioned on Wood Street in the heart of the Ropewalks / Bold Street Quarter, the apartment is within easy walking distance of Liverpool ONE, Liverpool Central Station, Bold Street’s café and restaurant scene, and the city’s central business district – an area that continues to attract strong, consistent tenant demand from young professionals and students alike.

INVESTMENT SUMMARY

• Asking Price: £70,000
• Property Type: One-bedroom apartment, leasehold
• Tenancy Status: Currently vacant; marketed to let at £800 pcm
• Current Market Rent: £800 pcm (£9,600 per annum)
• Ground Rent: £100 per annum
• Service Charge: £2,726.60 per annum
• Lease Term Remaining: 104 years
• EPC Rating: C
• EWS1 Certificate: A2 rating obtained – full documentation available on request

YIELD & RETURN WORKINGS

(Based on £70,000 asking price and £800 pcm rent, cash purchase basis)

• Gross Annual Rental Income: £9,600.00
• Less Ground Rent: – £100.00
• Less Service Charge: – £2,726.60
• Net Annual Income: £6,773.40
• Net Monthly Income: £564.45
• Gross Yield: 13.71%
• Net Yield: 9.68%

Even after ground rent and service charge, the net yield comfortably outperforms the UK average buy-to-let yield (typically 5–7%) and compares favourably with wider Liverpool city centre stock (typically 6–8% net). On a notional 75% LTV mortgage purchase, the equivalent cash investment would be circa £17,500 plus costs – materially increasing the cash-on-cash return for a leveraged buyer.

THE LOCATION – WOOD STREET, ROPEWALKS & BOLD STREET QUARTER

• Liverpool Central Station – under 5 minutes on foot
• Liverpool ONE – the city’s flagship retail, leisure and dining quarter
• Bold Street & Concert Square – Liverpool’s celebrated independent food, drink and nightlife strip
• Liverpool’s Commercial District & Business Quarter – easy walking distance
• University of Liverpool & Liverpool John Moores University – short walk or a few minutes by bus
• Excellent connectivity to Liverpool Lime Street and the M62/M57 network

WHY THIS IS WORTH CONSIDERING

• Low capital entry point at £70,000
• Strong headline yields – 13.7% gross, circa 9.7% net
• Immediate income potential – already being marketed to let
• Prime, lifestyle-led city centre location
• Lender-friendly paperwork – valid A2-rated EWS1 certificate in place
• 104-year lease term