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Property Details


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FOR SALE

FOR SALE - LIVERPOOL - RESIDENTIAL DEVELOPMENT OPPORTUNITY
1.15 ACRES

GILDART STREET, ISLINGTON, LIVERPOOL, L3 8AG

0161 839 6409

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General
Summary

Residential Development Opportunity

An opportunity to purchase a site with the benefit of planning for 419 residential units

JLL and Wignall Brownlow are instructed by David Shambrook & Philip Reynolds of FRP Advisory Trading Limited Joint Administrators for YPG Investar Islington House Limited.
1.15 acre freehold site in the heart of Islington, Liverpool
Superb location within close proximity of Royal Liverpool University Hospital & both University’s
One of Liverpools prime regeneration areas
Suitable for BTR, Open Market Sale & Students

Description

The property comprises a residential development site extending to approximately 1.15acres, with existing planning consent to demolish remaining structures and erect three residential blocks between 7 and 10 storeys, comprising 419 apartments.

Existing Works

To date, the site to the west of Gildart Street has been cleared, foundations partially laid and a steel frame erected to the southern element of Block A.

Planning Status

The site currently benefits from full planning consent (Planning reference: 18F/0347). To demolish existing buildings and erect three
residential blocks between 7 and 10 storeys high comprising 419 residential apartments (Use Class C3) together with ground floor retail unit and associated access, servicing, communal facilities, cycle storage and landscaping. Further details are available via the Liverpool City Council planning portal.

Interested parties are encouraged to make their own investigations regarding the planning status.

Property Structure

The Property to be conveyed is comprised of:


FREEHOLD TITLES
MS321569 known as land to the south side of Islington, Liverpool and Land and buildings on the north west side of Devon Street.
LEASEHOLD
The site is subject to 2 occupational leases both of which are for a period of 5 years commencing 19th July 2019. Copies of both leases are available on the datasite.
Bid Terms
JLL & Wignall Brownlow are pleased to invite you to submit an offer for the freehold interest in the site ‘Fabric Village’.

TIMETABLE

Interested parties must submit their offer no later than:

12:00 (GMT) on Friday 22nd July 2022

All offers must be submitted by email to Jonathan Brownlow (jdb@wignallbrownlow.co.uk).

Off Plan sales were agreed prior to the Administrators appointment and we are therefore instructed to invite offers for the freehold interest, either subject to the existing sale contracts, or with these removed from the Title.

OFFER DETAILS

In submitting your offer please re-confirm the below;
a) Purchasing entity – Purchaser & Fund (if applicable)
b) Purchase Price
c) Conditions (if any)
d) Finance (including proof of funds)
e) timetable for acquisition and whether you will be prepared to enter into the Exclusivity Agreement, subject to the payment of a non-returnable Exclusivity Fee, to be agreed between the parties. The purpose of the Exclusivity Agreement is to secure the site at the purchase price for an agreed period ahead of exchange of contracts.
f) Confirm you have reviewed and are satisfied with the technical and legal information
available within the data room.
g) Solicitor Details – Purchaser & Fund (if applicable).

Additional Information

Additional information is available via a dataroom, access can be arranged via the joint agents.

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