Apartment 130, The Reach 39 Leeds Street, Liverpool, L3 2DB

Description

A good sized two-bedroom apartment located on the fourth floor of The Reach development, on Leeds Street, Liverpool. The apartment offers a modern open-plan living and kitchen area, along with a Juliet balcony for plenty of natural light to flood. The property also provides two bedrooms, family bathroom, secure allocated parking space, and concierge. Being offered as a ready made investment, with tenants currently paying £1,000pcm/£12,000 per annum.

Location

Located in L3, on top of the city centre, the area boasts a stunning variety of amenities making this an ideal purchase for a variety of buyers, whether you are a first-time buyer looking to take your first step onto the property ladder, a professional in need of a mid-week base or an investor looking for an ideal rental opportunity. Liverpool City Centre boasts a fantastic variety of shops, bars, restaurants, cafes and recreational facilities. Green space can be enjoyed close by at Chevasse Park and the world-Famous Albert Dock and River Mersey are just a short walk away.

Auction Information

Tenure

Leasehold. The legal pack is the definitive source for lease length, title, covenants, service charges, ground rent and special conditions.

Council Tax

Band C.

Investment Analysis

Market Comparables

Use recent Land Registry sold evidence and genuinely comparable current/let rental evidence for the same micro-location, accommodation, tenure and condition. Venmore’s stated rents or rental opinions are retained as auctioneer evidence where supplied; HB screening figures are not a formal valuation.

Proposed Works

HB desktop allowance: £5,000. Scope should be confirmed from inspection, photographs, survey and contractor pricing. Prioritise structure, roof/damp, services, heating/electrics, windows, kitchens/bathrooms, decoration and external works only where relevant to this specific property.

Rental Value

Low / Base / High Investment Scenario

Specialist Commercial Analysis

Verify occupational leases, passing rents, rent-review provisions, repairing obligations, VAT status, business rates, service costs and covenant strength. Mixed-use assets should be valued by component and income where appropriate.

Maximum Bid Indicator

Base the maximum bid on verified commercial/residential income and capital value, less buyer fee, works, legal/professional, finance, holding, contingency and required return. SDLT treatment may differ for mixed-use/non-residential purchases and is buyer-specific.

Strategy Recommendation

Income hold or refurbishment/re-letting, with redevelopment only where planning and title support it.

Strategy Rating

Income Hold: ★★★★☆ | Value-Add: ★★★★☆ | Development: ★★★☆☆

Key Risks

Lease length, ground rent, service charge and lender acceptability, listed-building constraints, legal-pack special conditions, condition/survey, finance and valuation risk.

Analysis Confidence

Medium for facts reproduced from Venmore’s particulars; low-to-medium for HB desktop works/value screens until inspection, legal-pack review, direct sold/rental comparables and contractor/QS pricing are completed.