Key features

• Development commenced of 208 studio apartments and commercial units
• Potential for alternative/modified schemes STP
• Site approximately 0.15 hectare (0.37 acre)

Property description

Tenure: LeaseholdUpon instructions of the Joint Administrators : Part Complete Residential Development Site – 208 studio apartments and commercial units

Description
The site houses a part complete development of 208 studio flats and commercial units. There has been substantial works on the site, including the main structure and roof, along with internal floors and stairwells. There has been more significant internal works to the first three floors, to create the individual studios and commercial units.

The property is positioned on a site extending to circa 0.37 acres.

Location
The site is located in an area known as the Fabric District, on the western edge of Liverpool City Centre. The area is known as the Fabric District due to its historic associations with fashion and textiles and is located between Islington and London Road. The Fabric District is a key area for regeneration in Liverpool, with a long term plan to create new homes and working spaces, alongside leisure and recreational uses.

The Fabric District borders Lime Street and the Knowledge Quarter, which is home to the City’s Universities and the £1bn Paddington Village Scheme.

Accommodation
The development was expected to comprise 208 studio apartments, over nine floors and two commercial/business units on the ground floor with Class E use.

Tenure
The premises are held under a long leasehold title for a period of 150 years at a peppercorn rent with 145 years remaining, under title number MS640794.

Additional Information
Important Information/Planning
There are various planning applications relating to the site. Please request a copy of the Information Pack for further details but we would also recommend that all buyers make their own enquiries through Liverpool City Council.

VAT
All figures quoted are exclusive of VAT which may be applicable.

Legal Costs
Each party will be responsible for their own legal costs.
Price
Offers over £3,000,000.

Sales have been agreed on the wider scheme and our clients wish us to seek offers both subject to the existing sale contracts remaining in place, or free from them with respect to the sales agreed on the wider units.

Viewings
Strictly by appointment