Existing commercial investment and development opportunity with planning permission for 9 apartments

Features

  • Retail unit with vacant possesssion
  • Planning to convert upper floors and a new build to rear for 9 apartments
  • Freehold
  • Prominent corner position
  • Strong local market

Location

The property is located on the corner of Osborne and West Derby Road, 2 miles to the east of Liverpool City Centre. The area is a mix of residential and commercial uses. West Derby Road is a major arterial route.

Description & Specification

A development opportunity to offer retail to the front with additional accommodation above and behind.  Full planning permission has been achieved to redevelop into 9 apartments whilst retaining the front retail offer.

The existing building provides substantial accommodation over basement, ground, first and second floors.  The plans propose to add into the rear car park.   The existing building will provide:

2 x 1 bed apartments

1 x 2 bed apartments

The new building extension will provide 6 x 1 bed apartments.

accommodation

Description sq.m sq.ft
Ground Floor 177.3 1,907
Basement 12.2 131
First Floor 88.6 954
Second Floor 88.4 952
Total 366.5 3,944

price

Asking price of £300,000.

Rateable Value

The ground floor is currently assessed with a rateable value of £12,500 from 1 April 2023. The upper floors will have a separate domestic rating which will be subject to change following development.

VAT

All prices, outgoings and rentals quoted are exclusive of VAT, but may be liable at prevailing rate. Further information on request.

Terms

The property is offered freehold.

Legal Costs

Unless otherwise stated all parties to bear their own legal costs. The right is reserved to require a legal undertaking prior to drafting of a new lease.

EPC

Energy performance certificate is available on request.