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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