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Tuesday, June 18, 2013

Property market madness

If you wanted any evidence of how schizo the current property market is with London continuing to boom and the rest of us left languishing in a market that has moved down and sideways since the fallout in 2008 just have a look at the relative buying power of a landlords dosh in the north vs London.

What could you buy for £3 million quid in central London.  Perhaps a 1500 square foot 2 bedroom flat in Knightsbridge.  For the same money according to the latest offering by Alsopp a landlord could also pick up:

Tower Building, 22 Water Street, LIVERPOOL, L3 1BH

FOR SALE

Subject to contract

Description

Freehold grade II* listed mixed use investment/development comprising 41,329 sq.ft of commercial space and 73 apartments with basement car parking

Commercial
  • 41,329 sq.ft of commercial space over ground, first and second fl oors, of which 27,432 sq.ft is vacant
  • Current income of £126,421 per annum
  • Estimated rental value £313,973 per annum
  • Opportunity to convert the offi ce space into alternate use, such as residential apartments (C3) or hotel
  • (C1) (subject to necessary consents) 
Residential
  • 9 unsold residential apartments totalling 8,918 sq.ft
  • 8 vacant and 1 let
  • Rent passing £12,240 per annum
  • Estimated rental value £90,240 per annum
  • Excellent break up or investment opportunity 
Freehold
  • 64 apartments sold off on long leases
  • 5 car parking spaces
  • Total ground rent income
  • £10,225 per annum

Price

Offers in the region of £3,000,000

For more details:

Anthony Hart
+44 (0)113 243 7950
anthony.hart@allsop.co.ukMichael Gorman
+44 (0)113 236 6683
michael.gorman@allsop.co.uk
 

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