Existing commercial investment and development opportunity with planning permission for 9 apartments
- Retail unit with vacant possesssion
- Planning to convert upper floors and a new build to rear for 9 apartments
- Prominent corner position
- Strong local market
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.
Asking price of £300,000.
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.
All prices, outgoings and rentals quoted are exclusive of VAT, but may be liable at prevailing rate. Further information on request.
The property is offered freehold.
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.
Energy performance certificate is available on request.