LIVERPOOL STUDENT PORTFOLIO - Fully Let Student Portfolio comprising 21 bed spaces across 5 properties - Allsop
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LIVERPOOL STUDENT
PORTFOLIO
Fully Let Student Portfolio comprising
21 bed spaces across 5 properties
145 & 151 Minster Court
107 Hall Lane 120 Adelaide Road 154 Empress Road
Investment Considerations
■ Three freehold HMO terraced houses and two leasehold flats comprising 21 ■ Utility costs for previous year was £8,363 per annum producing a rental
bed spaces in total income net of utilities of £102,687 per annum
■ Excellent locations, all properties within an 8 minute walk of the University of ■ All bed spaces let by mid-January 2019 for Academic Year 2020/2021
Liverpool Campus
■ An Asking Price of £1,000,000 represents a Yield of 10.27% (net of utilities)
■ Fully let for the current Academic year (2020/2021) producing £111,050 per and a per bed space value of £47,619
annum inclusive of utilities
Tenure
3 x HMOs: Freehold
2 x Flats: Long Leasehold with a term of 999 years from 1st March 1983, thus providing in 962 years unexpired. Service
charge payable of £275 per quarter per property totalling £2,200 per annum for the two flats.
Location
Liverpool is a major city in the northwest of England situated on the river Mersey. It is well-connected via the M62 and
M6 motorways towards both the north and the south of the country, an extensive rail network and The Liverpool John
Lennon Airport, which provides national and international connections. Liverpool currently has £14 billion worth of
regeneration projects on site or in the pipeline including delivering 10,000 new homes, Everton FC’s new stadium, a new
cruise terminal, a new TV & Film Hub and £250M of road infrastructure. With a GVA of £30 billion per annum, Liverpool
is the UK’s second largest regional economy and according to the Office for National Statistics, Liverpool has the fastest
growing city centre, with the population increasing by 181% between 2002 and 2015.
The three HMOs are located in Kensington Fields on the southern borders of Kensington, just off Edge Road, the main
arterial road between Liverpool city centre and the M62 motorway. These roads are popular with students being only a
For indicative purposes only
8 minute walk (0.3 mile) from the University of Liverpool Campus and a 18 minute walk (0.9 mile) from Liverpool John
Moores Mount Pleasant Campus. In addition, the three properties are located 1.2 miles, or a 16 minute bus journey, from
the city centre.
145/151 Minster Court are two flats within close proximity to the University of Liverpool campus being only a 4 minute
walk away (0.2 mile) and a 14 minute walk (0.7 mile) from the Liverpool John Moores Mount Pleasant Campus. In addition,
Minster Court is a 17 minute bus journey from the city centre (1 mile). Minster Court is also a popular area for students
due to the close proximity of the universities. Student Roost and Empiric both have student blocks within this area as well
as university owned blocks.
As the map demonstrates, all five of these properties are extremely well located within the proximity of both the
University of Liverpool Campus and Liverpool John Moores Mount Pleasant Campus.
Universities For indicative purposes only
There are 42,985 full time undergraduate students and 6,735 full time postgraduate students across the three universities
located in Liverpool: The University of Liverpool, Liverpool John Moores University and Liverpool Hope University. The
city’s student population grew by 208% between 2001 and 2011 (6,300 people), in comparison, the Leeds student
population grew by 151% across the same period. Liverpool continues to attract both domestic and international
students with 9,780 students (19.68%) travelling from non-UK countries.
The closest university to the subject properties is The University of Liverpool with 28,795 students. The University of
Liverpool is a member of the Russell Group and was ranked 29th in The Times Good University Guide 2021, an increase
from 31st in the previous year. This increase has been driven by higher spending on student facilities and an improvement
in completion rates. The university are consulting on a £1 billion estates masterplan for the next 15 years which includes a
new £23m building for the School of Architecture and £43m building for Electrical engineering. A new teaching hub was
also completed in 2018 providing social study space and new IT suites. For indicative purposes only
Description Rent Reserved
The portfolio comprises 5 properties with a total of 21 bed spaces. The addresses and The property is fully let for the current academic year (2020/2021) with a total annual rental income of
property types are as follows: £111,050.69 including utilities. The breakdown can be seen below:
Number of Annual Rental Income
Address of Property Post Code Type Address of Property Post Code
Bedrooms (Bills Incl)
120 Adelaide Road L7 8SH Terraced House 4 120 Adelaide Road L7 8SH £21,280.00
107 Hall Lane L7 8TF Terraced House 4 107 Hall Lane L7 8TF £21,280.00
154 Empress Road L7 8SF Terraced House 6 154 Empress Road L7 8SF £30,255.84
145 Minster Court L7 3QE Flat 3 145 Minster Court L7 3QE £18,064.29
151 Minster Court L7 3QE Flat 4 151 Minster Court L7 3QE £20,170.56
TOTALS 21 TOTALS £111,050.69
120 Adelaide Road, 107 Hall Lane & 154 Empress Road are all traditional brick built All properties are let on standard ASTs for 52 weeks from 1st July to the 30th June however the current
terraced houses along neighbouring streets. 145 and 151 Minster Court are located landlord does not charge for the first 2 weeks of July. For the current academic year (2020/2021) all
within a gated purpose built block of flats. 145 is located on the top floor benefitting ASTs were signed by the 13th January 2020 demonstrating good demand. Every student has also
from a private balcony. 151 is located on the ground floor benefitting from an additional provided a guarantor. A sample AST and guarantor letter can be found on the data-room.
room which is currently used as a gym.
The landlord currently includes the cost of utilities (gas, electricity and water). A breakdown of these
The properties are in good condition with modern kitchen and bathrooms. Students costs per property can be found on the data-room. The current cost for 1st July 2019 - 30 June 2020
are each provided with a furnished room, inclusive of a double bed, desk, wardrobe has been calculated at £8,363, approximately £8 per student per week. The total income for the current
and drawers. Properties are arranged in a typical student format whereby kitchens, academic year excluding the cost of bills is £102,687 per annum.
bathrooms and living areas are shared between occupants. All properties include Jacuzzi
jet baths with a shower overhead. There is a mix of electric wall heaters and central
heating across the portfolio.
A HMO licence is a statutory requirement for 154 Empress Road. The current licence can
be found in the download section of the data-room.
Additional Information Energy Performance Certificates
Liverpool Student
Additional information can be found via the following data room: EPC’s can be viewed / downloaded on the data room. Current EPC ratings
are as follows:
Portfolio
https://datarooms.allsop.co.uk/register/LiverpoolStudentPortfolio.
120 Adelaide Road - C
Method of Sale 107 Hall Lane - D
The subject is for sale by way of Private Treaty; however we reserve the 154 Empress Road - E
right to conclude the marketing by an Informal Tender process.
145 Minster Court - D
Viewing Information
151 Minster Court - D Contacts
The properties will be subject to block viewing arrangements and will not Asking Price For further information or to make
be available for viewing internally outside of these times. viewing arrangements, please contact:
Offers are invited in excess of £1,000,000, subject to existing tenancies and
Please contact the office to register your interest. leases, subject to contract. Vicky Bingham
07557 969622
Vicky.bingham@allsop.co.uk
James Hood
07825 924765
james.hood@allsop.co.uk
Jack Robson
07899 895262
Jack.robson@allsop.co.uk
Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract
for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP
nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual
obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective allsop.co.uk
purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed
to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. 
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