Land for sale in Duke Street, Liverpool, Merseyside L1

Guide price £500,000
15
Interested in this property? Call +44 20 3641 1932 * or Request Details

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Property features

  • A Well Located Freehold City Centre Development Site with Planning Permission to Erect Two Retail Units at Ground and Lower Ground Floor Levels with Three x Five Bedroom Flats to the Upper Floors.

Property description

Unsold, the last bid was £482,000. Please refer to Auctioneer for Reserve Guide Price = £500,000+

**For Sale By Auction 11th April 2018 12:00 pm To inspect the legal documents for this property go to our website to download the legal pack**

A Well Located Freehold City Centre Development Site with Planning Permission to Erect Two Retail Units at Ground and Lower Ground Floor Levels with Three x Five Bedroom Flats to the Upper Floors.

Location
The site is well located in the heart of Liverpool City Centre on the north side of Duke Street close to its junction with Berry Street. Numerous multiples occupy nearby properties and the open spaces of St James Mount & Gardens are a short walk away. Transport links are provided by Liverpool Central rail station.

Proposed Accommodation
Lower Ground Floor Retail Unit
(150 sq m)

Restaurant Area (Approx 50 Covers)
Waiter Station
Store Room
Plant Room
Three WCs

Ground Floor Retail Unit (160 sq m)
Cafe/Bar/Retail Area
Kitchen

WC


Store

First Floor Flat (131 sq m)
Reception Room/Dining Area
Kitchen
Five Bedrooms Each with En-Suite Shower Rooms

Second Floor Flat (131 sq m)
Reception Room/Dining Area
Kitchen
Five Bedrooms Each with En-Suite Shower Rooms

Third Floor Flat (131 sq m)
Reception Room/Dining Area
Kitchen
Five Bedrooms Each with En-Suite Shower Rooms

Description
Planning
Liverpool City Council granted the following planning permission (Ref: 17F/1294) on 18th October 2017:
"To erect a four storey building, consisting of commercial unit (for uses within Classes A1, A2, A3, D1) at ground & lower ground floors & three x 5 bed residential units (within Classes C3, C4) at first, second & third floors."

Potential Rental Values
The vendor has been quoted the following rental values (copy of the letter is supplied in the legal pack):
The 3 x 5 bed apartments combined erv: £93,600 - £101,400 pa (student rents).
The commercial ground floor erv: £21,000 - £25,000 pa
The lower ground floor erv: £15,000 - £17,500 pa
Total erv: £129,600-£143,900 pa

Viewing Times
Open Site
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For more information about this property, please contact
Auction House London, NW3 on +44 20 3641 1932 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Auction House London, and do not constitute property particulars. Please contact Auction House London for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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