A one bedroom property on the 5th floor of the National Bank Building has just made its way into my property search! The property has a fantastic asking price of £60,000, which is an unbelievable price for a property in this prime location in the heart of the business district in Liverpool.
Not only is this a great asking price, I also feel the potential for capital growth in this property will be excellent as the City continues to grow with new business opening constantly!
The apartment is currently let at £7,140 per annum. This is bringing back a very high gross yield of 11.9%!! Who could resist these figures?!
From the look of the pictures, it appears to be in fair condition, however I feel with a bit of freshening up there could be an increase in value for both the sale and the rental income of this property.
In my experience, properties in the business district always proves popular with tenants, as it allows City living, convenience of local amenities and ease of transport, without the noise and rush of Liverpool One. This particular development is just set back from Water Street and just a stone throw away from Castle Street where you will find plenty of bars and restaurants. Liverpool One is within walking distance, and Liverpool’s picturesque waterfront is just minutes away. Click Here to see this property on the map.
I also notice this property has a very long lease length of 982 years remaining, and all heating bills are included in the service charges, which is excellent for a hassle free investment!
I have had a look at previous sold prices in Fenwick Street, and compared to other 1 bed, this one appears very low.
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