The opportunity to purchase a property on one of the city’s busiest streets has presented itself, but it’s not your average home.
Those interested in the studio will not be able to live in the property but rather invest in a “one-of-a-kind” opportunity. The room is for sale on bustling Bold Street in the fully operational hotel – Boudoir Liverpool.
Described as the “number one investment location” in the country, the buyer will be able to profit from the room by allowing travelers to book it. Listed on Rightmove, with Elite Realty Invest, the apartment is priced at £90,000 and comes fully furnished.
READ MORE: ‘Eco-friendly home’ for sale that could save homeowners over £2,000 on their bills
According to sales figures, collated by Rightmove, properties in the area had an overall average price of £176,866 over the past year. Most of the sales included in the data, over the past year, were apartments, selling for an average price of £173,320.
While semi-detached properties sold for an average of £200,625, semi-detached properties cost £248,612. Overall selling prices in Liverpool city center over the past year are up 7% on the previous year and are similar to the 2008 peak of £176,100.
The hotel has been taking reservations on websites such as Booking.com since November 2021 and currently has over 200 reviews. It has an average rating of 8.5 out of 10 with reviews saying location, comfort, and cleanliness are the best strengths. There are 17 rooms available throughout the hotel, with a top-floor bar and event space also available for booking.
Elite Realty Invest offers a guide to becoming an investor in the city, with a team to help explain every step of the process. The investment list reads: “Occupancy levels and profit per room (revenue per available room) are all increasing despite being almost double the number of hotel rooms in the city than there are. there were in 2008.
“October 2017 saw the highest average weekend income per available room peak at £104.63. The figures reflect the rising value of the visitor economy to the Liverpool city region, which is now estimated at around £4.3 billion a year.
“From a developer and investor perspective, Liverpool is expected to experience growth in the hospitality sector for some time, with room occupancy expected to increase for the foreseeable future with more capacity required year on year.” See more images and property information at Move right here.
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