Offers in Region of £50,000 – 1-Bedroom Apartment in Bispham House, Liverpool

Investment Opportunity: Furnished 1-Bedroom Apartment in Liverpool City Centre – For Sale

S Vance & Co is pleased to present this well-appointed 1-bedroom apartment located in Bispham House on Lace Street, in the vibrant L3 area of Liverpool. This property offers an excellent opportunity for rental investors, with a current tenant in place generating a monthly income.

Key Features:

• Prime City Centre Location: Situated in close proximity to universities and city amenities, ensuring strong rental demand.  
• Rental Income Generating: Currently tenanted at £700 per calendar month, offering immediate returns.
• Fully Furnished: The apartment comes fully furnished, ready for continued rental or new tenants.  
• Living/Kitchen Area: A practical open-plan space featuring a fitted kitchen with an oven, hob, and fridge freezer.
• Well-Sized Bedroom: A comfortable double bedroom.
• Bathroom: A fitted bathroom suite.
• Secure Parking: Includes one allocated off-road parking space with fob access, presenting an opportunity for additional income (£50 pcm potential).  
• Leasehold Tenure: Providing a straightforward investment.
• EPC Rating: C Indicating reasonable energy efficiency.
• Secure Access: Fob entry system for added security.

Financial Details:

• Offers in Region Of: £50,000
• Tenure: Leasehold
• Service Charges: £1517.00 per annum  
• Ground Rent: £275 per annum  
• Council Tax: Ask agent
• Potential Gross Annual Income (excluding parking): £8,400
• Potential Gross Annual Income (including parking): £9,000

Location & Connectivity:

Bispham House benefits from its central location, offering easy access to Moorfields and Liverpool Lime Street stations, as well as local schools and the diverse amenities of Liverpool city centre.  

Important Notes for Buyers:

• This property is for sale via a secured sale/modern method of auction through Howsold.
• Mortgage buyers are advised to conduct thorough assessments with their lenders prior to bidding.
• A Buyer Information Pack is available and must be reviewed before bidding. A fee of £350 (plus VAT if applicable) will be charged for this pack to the winning bidder.
• A non-refundable Reservation Fee of 4.5% of the final purchase price (minimum £6,600 including VAT) is payable by the winning bidder, securing the property during the Reservation Period. This fee is considered when calculating Stamp Duty Land Tax (SDLT).  
• The property is currently licensed under Liverpool City Council in the agent’s name, potentially offering a cost saving for continued management under the scheme.

Don’t miss out on this excellent investment opportunity in a prime Liverpool location. Contact S Vance & Co today to learn more.