A major freehold residential investment on Liverpool’s iconic Hope Street is set to be a star attraction of Sutton Kersh’s February auction.

The Victorian middle terrace property in the heart of the city’s university quarter has been converted to provide 10 letting rooms over three floors. Fully let, it currently generates income of more than £52,000 per annum.

An additional basement at the property, which has a guide price of £475,000 to £500,000, also offers the potential to create a further two or three rooms which would increase the income to £62,000.

Other residential lots on offer at the 12 February sale, which will take place at the Liverpool City Centre Marriott Hotel, include a vacant extended four-bedroom detached house in Wavertree with a guide price of £165,000 plus.

With a total of 85 lots lined up for the forthcoming event Cathy Holt, joint head of auctions at Sutton Kersh, says: “The February catalogue provides a range of opportunities at guide prices to suit all budgets and should get our 2015 auction campaign off to a flying start.”

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