For Sale By Auction | 12:00, 11 April 2018 | Lot 84

183-185 Duke Street, Liverpool, Merseyside, L1 4JS

*Guide | £500,000+ (plus fees)

  • Land
  • 15 Bedrooms

Call the team on 020 7625 9007 for more information

Auction Date

Wed 11/04/2018

Auction Time

12:00

Auction Venue

London Marriott Hotel Regents Park, 128 King Henry’s Road, London, NW3 3ST

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.

Overflow

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

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 Details

Open Site

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.