Upper Floors At 28A Prescot Road, Fairfield, Liverpool, Merseyside, L7 0LQ

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Property Details

Location

Description

A potential residential development opportunity comprising the first and second floors of a large end terrace building, currently arranged as two flats requiring significant refurbishment. Indicative plans have been drawn to convert the upper floors into 13 self contained studio apartments, subject to planning. Under current plans the development would detail ten flats over the first and second floors and three flats in the newly converted loft space. A full copy of the plans can be found within the legal pack.

The site fronts onto the corner of Prescot Road and Lister Road in Kensington, a bustling suburb of Liverpool popular with students and young professionals alike. A number of new retail and residential developments have been constructed in the immediate vicinity in recent years and we would anticipate each of the flats to command circa £150p/wk providing an estimated annual rental return of approximately £100,000 once developed. The ground floor public house is not included within the sale.

Tenure

To be offered on a new 999 year lease

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 26TH AUGUST AND CLOSES ON WEDNESDAY 27TH AUGUST.

3. Energy Performance Certificate = C