Lot 8 - 31 Gildart Street, Liverpool, Merseyside, L3 8ET
- Unconditional Online Auction Sale
- Guide Price* : £250,000
- 2 storey workshop/storage/offices
- Approximately 462 sq. m ( 4,972 sq. ft)
- Development potential (subject to obtaining any necessary consents)
- Resolution to approve planning for 8 storey student accommodation scheme subject to a s.106.
ON BEHALF OF THE JOINT FIXED CHARGE RECEIVERS: Development opportunity/vacant workshop/storage/office premises approximately 462 sq. m ( 4,972 sq. ft) with a live planning application for 8 storey student accommodation
Description
The property comprises a 2 storey workshop/storage/office unit that extends to approximately 462 sq. m ( 4,972 sq. ft). The property currently provides workshop space to the ground floor with offices to the first floor,
The property is considered to have development potential subject to obtaining the necessary consents and Application ref. 19F/0612 went to Planning Committee on 10th December 2019 and received a resolution to approve subject to a s.106. The s.106 hasn’t been signed to date and therefore no decision notice may be issued. The proposal was to demolish the existing building and erect 8 storey building containing student accommodation (Sui Generis) with flexible ground floor ancillary student communal space and/or commercial unit (Use Classes A1, A2, A3 and/or B1) and associated plant. The Council have agreed an extension to keep this application live to the13/03/2024. Interested parties should consult direct with the Local Planning Office https://liverpool.gov.uk/planning-and-building-control/.
Please note the lease currently has a restrictive user clause. The Freeholder (Liverpool City Council) have stated are not in a position to discuss any potential regear or variation requests with any party, unless they are a tenant. Additionally, these conversations would be required to incur the cost of our non-refundable valuation fee, with payment being taken upfront, and the completion of their due diligence process. Therefore this is a matter for the purchaser to resolve.
Location
The site is located in an area known as the Fabric District, on the western edge of Liverpool City Centre. The area is known as the Fabric District due to its historic associations with fashion and textiles and is located between Islington and London Road. The Fabric District is a key area for regeneration in Liverpool, with a long term plan to create new homes and working spaces, alongside leisure and recreational uses. The Fabric District borders Lime Street and the Knowledge Quarter, which is home to the City’s Universities and the £1bn Paddington Village Scheme.
Tenure
Leasehold for a term of 99 years from 8th May 1973 at a current ground rent of £1,500 per annum. Please note that there is an outstanding rent review that was due in 2023.
Accommodation
We detail below the following Gross Internal Area:
462 sq. m ( 4,972 sq. ft)
EPC
Energy Asset Rating
Lease Start Date
08/05/1973
Lease Duration
99 years (47 years unexpired)
Buyers Administration Fee
There will be a Buyer's Administration Fee of £3,000 (inc VAT) payable upon exchange of contracts.Additional Information
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.
2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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