Fazakerley Street, Liverpool, L3 9DL

Design House, 5 Fazakerley Street, Liverpool, L3 - Guide Price £1,800,000

An exceptional opportunity to acquire a fully refurbished block of 9 luxury apartments in Liverpool city centre, producing £116,400 per annum (approx. 6.5% yield).

The development comprises 8 x two-bedroom and 1 x one-bedroom apartments, all finished to an exceptional, contemporary standard and fully let, providing immediate income. Situated within Liverpool’s prime business district, just off Old Hall Street, the property benefits from strong tenant demand and excellent connectivity.

Design House is situated in the heart of Liverpool’s business district, just off Old Hall Street which had been vacant since 2016 and was previously used as a Leisure Club. The building sits within the Castle Street Conservation Area and so the development works had to be sensitive to the area and in keeping with the council planning constraints. This building was originally part of the American embassy complex before it was knocked down in 1902 to make way for a branch of the Mersey Tunnel which runs directly under the site. The new building was built around 1912 when it appears again on the Gore’s Directory. In its new form it was a cotton warehouse, brewery, leather goods shop and a design and production studio for Littlewood’s catalogue.

**Sold as a business asset, offering potential stamp duty savings and a turnkey investment opportunity.**

Lower Ground Floor -

Apartment 5A - LOWER GROUND FLOOR 2 BEDROOM 2 BATHROOM 738 SQFT CURRENTLY LET AT - £950

Apartment 5B - LOWER GROUND FLOOR TWO BEDROOM TWO BATHROOM 705 SQFT CURRENTLY LET AT - £1,000

Apartment 5C - LOWER GROUND FLOOR TWO BEDROOM TWO BATHROOM 711 SQFT CURRENTLY LET AT - £950

Ground Floor -

Apartment 1 - GROUND FLOOR ONE BEDROOM ONE BATHROOM 557 SQFT CURRENTLY LET AT - £900

Apartment 2 - GROUND FLOOR TWO BEDROOM TWO BATHROOM 842 SQFT CURRENTLY LET AT - £1,200

Apartment 3 - FIRST FLOOR TWO BEDROOM TWO BATHROOM 727 SQFT CURRENTLY LET AT - £1,175

Apartment 4 - FIRST FLOOR TWO BEDROOM TWO BATHROOM 763 SQFT CURRENTLY LET AT -£1,150

Penthouses - TWO BEDROOM TWO BATHROOM LOWER GROUND FLOOR 738 SQFT CURRENTLY LET AT -

Apartment 5 - PENTHOUSE TWO BEDROOM TWO BATHROOM 636 SQFT CURRENTLY LET AT - £1,200

Apartment 6 - PENTHOUSE TWO BEDROOM TWO BATHROOM 687 SQFT CURRENTLY LET AT - £1,125

Additional Information - Refurbishment work began in November 2019. Development of this site included removing the Welsh slate tiled roof with the tiles being retained and graded to be installed back on the newly constructed Mansard roof.

All let and maintained through Hewitt Adams. All fully let.