About This Listing
6 bedrooms apartment for sale on Hope street is a stunning Georgian mid-terrace property, now converted into a 10-bedroom House in Multiple Occupation (HMO). Spanning four levels—basement, ground, first, and second floors. This residence offers generous living spaces and modern amenities.
The basement provides a spacious lounge, a fully equipped kitchen. An additional kitchenette, and bedroom one, which benefits from an ensuite. On each upper floor, three well-sized double bedrooms are available, along with a communal kitchen and a bathroom. A sizable patio courtyard is located at the rear, providing a private outdoor space.
Situated in Liverpool’s Knowledge Quarter, 6 bedrooms apartment sale is surround historic Georgian and Victorian buildings. The grandeur of Liverpool Cathedral and Liverpool Metropolitan Cathedral marks either end of the street, adding to the charm of the area.
About Property
A wealth of 6 bedrooms apartment sale amenities is found just steps away, including an eclectic mix of restaurants, cafés, and bars. Such as The London Carriage Works, Moose Coffee, The Philharmonic Dining Rooms, The Arts School, and The Pen Factory. The area is also rich in cultural attractions, with Liverpool Philharmonic Hall and Everyman Theatre nearby.
Excellent transport links serve the area, with several bus routes available from the adjacent bus stop, offering convenient access across the city. Liverpool Lime Street Station is within a short walking distance, ensuring easy connections for commuters and travelers.
The property is currently let under 10 Assured Shorthold Tenancy Agreements, all set to expire on June 30, 2025. A combine rental income of £68,736 per year reflects a Net Initial Yield of 7.05% after factoring in purchaser costs of 5.36%. Based on comparable rental evidence at 2B Maryland Street, an increase in rents upon lease expiry is anticipate. Also offering a potential Reversionary Yield of 8.04% after the same cost allowance.
Future possibilities for this property are diverse. Beyond its current use as an HMO, it holds potential for alternative purposes such as short-term lets. Therefore, holiday accommodations, food and beverage establishments, or office spaces, subject to necessary approvals.
This exceptional 6 bedrooms apartment for sale on Hope street presents an outstanding investment opportunity. Including combining a prime location, high rental income, and long-term potential. Contact us!
