BALTIC HOUSE PRIME MIXED USE DEVELOPMENT OPPORTUNITY OFFERS INVITED NORFOLK STREET, LIVERPOOL, L1 0BE
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1 NORFOLK STREET,, L1 0BE PRIME MIXED USE DEVELOPMENT OPPORTUNITY OFFERS INVITED
2 NORFOLK STREET,, L1 0BE DEVELOPMENT SUMMARY Freehold and Leasehold. Development site extending to an area of approximately 0.17 hectare (0.2 acres). Prime location close to Liverpool City Centre, within the Baltic Triangle area. Part completed student and commercial development. The site was being developed in-line with planning application 1F/100, for the erection of 10 student units (being no three bedroom cluster a partments, no three bedroom duplex apartments and 78no studios, totalling 29 bedrooms) along with commercial units, communal area and service area. The Landwood Group and SIA are instructed to seek offers.
3 NORFOLK STREET,, L1 0BE LOCATION Liverpool is a city and port located on the eastern side of the Mersey Estuary in the North West of England. The city celebrated its 800th anniversary in 2007 with several areas in 200 being granted World Heritage sites by UNESCO and it receiving Capital of Culture status in Liverpool is at the centre of the UK s second largest regional economy with access to six million customers. It is also the fifth largest City in the UK. The regional North West economy is worth more than 120 billion with over 20,000 businesses and a population of over 7 million. BIRKENHEAD A119 2 M M7 1 A1 A8 A9 A9 7 PORT OF A117 A ORMSKIRK 7 1 A M A1 CHESTER River Mersey 12 ST HELENS JOHN LENNON AIRPORT A1 A00 A1 7 A7 M A 2 M M WIGAN 9 22 WARRINGTON A A A9 A A9 A A M1 M A80 M M MIDDLEWICH A0 A A CREWE 19 BOLTON A 7 A A M A7 2 MANCHESTER MANCHESTER AIRPORT A7 A A0 A8 A 20 A010 M0 A A A A CONGLETON A 21 OLDHAM A2 A27 MACCLESFIELD A27 A2 The City has experienced a significant amount of both inward and multi-national investment over the past decade, with over billion of inward investment delivered through private and public partnership. This includes Liverpool One which was the highly successful redevelopment of 2 acres to provide a mixed-use scheme to include leisure and retail facilities alongside the game-changing ACC Liverpool, and 0 million Exhibition Centre Liverpool. This investment has led to an increase in output within the City to an estimated 2 billion. Liverpool and the wider region is the second highest recipient of direct foreign investment in the UK next to London and the South East. The City is also a popular destination for tourists, due to the UNESCO World Heritage Site, musical links and the Echo Arena, and attracts an estimated 1. billion spend by visitors each year. Liverpool is also known for its world class academic and medical institutions, with a large student population which is estimated to be the third largest in the UK, at 0,000. This, alongside the growing professional pull to the City centre has led to an expansion in both inner city living and growth in the leisure market.
4 NORFOLK STREET,, L1 0BE SITUATION The site is situated between Norfolk Street and Brick Street in close proximity to the (A07) Jamaica Street and (A1) St James Street. Both provide access to the city to the north and the A2 to the south which is a main arterial route providing links to surrounding areas, towns and cities and the motorway network. Lime Street Station, the main station serving the city and providing services to Euston, is approximately 1.7 miles from the subject. The site is in a prominent position within the Baltic Triangle which is within the World Heritage Buffer Zone, with the City Centre to the north, Albert Dock to the west and Ropewalk and Georgian quarter to the east. In 2008 the Baltic Triangle Framework was implemented to encourage residential and leisure development with the area more recently being known as the creative quarter with a number of recently developed leisure outlets, apartments and studios, coffee shops, eateries, bars, function venues, art and music production areas. BATH ST NEW QUAY OLD HALL ST PALL MALL TITHEBARN ST MOORFIELDS STATION CROSS HALL STHUNTER ST QUEENSWAY ENTRANCE NEW ISLINGTON LONDON RD MOSS ST PRESCOT ST PRINCES PARADE ST NICHOLAS PL PRINCES CHAPEL ST CASTLE ST NORTH JOHN ST WATER ST DALE ST HATTON GDN CROSSHALL ST STANLEY ST VICTORIA WHITECHAPEL ST JOHNS L N LIME ST LIME ST STATION SKELHORNE ST GILL ST NEWTON ST BROWNLOW ST DOVER ST ASHTON ST QUEENSWAY TUNNEL CANADA BOULEVARD THA STRAND MANN ISLAND HARTLEY QUAY SALT QUAY GOWER ST WAPPING PARADISE ST CORNHILL ARGYLLE ST FORREST ST YORK ST UPPER FREDERICK ST BLUNDELL ST BRIDGEWATER ST FLEET ST WOOD ST SEEL ST SEEL ST HENRY ST NORFOLK STREET BOLD ST HANOVER ST RANELAGH ST DUKE ST CONCERT ST KENT ST SLATER ST PARK L ANE PARK LANE ST JAMES ST CHALONER ST ST GEORGES PL RENSHAW ST CLARENCE ST PIER HEAD THE THREE GRACES MUSEUM OF ALBERT ECHO ARENA CANNING LORD ST JAMES ST STATION SALT KINGS WATERFRONT DEVELOPMENT WAPPING BASIN KINGS CHURCH ST SCHOOL LANE BALTIC TRIANGLE QUEEN S CLAYTON SQUARE JAMAICA ST GRAFTON ST CENTRAL STATION DUKE ST DUKE ST CHINA TOWN NELSON ST BROWNLOW HILL BROWNLOW HILL MOUNT PLEASANT BERRY ST GREAT GEORGE ST UPPER PARLIAMENT ST KNIGHT ST ROSCOE ST LEECE ST CULTURAL QUARTER RODNEY ST CLARENCE ST PILGRIM ST METROPOLITAN CATHERDRAL (R.C.) MOUNT PLEASANT OXFORD ST HOPE ST CALADONIA ST FAULKNER ST HOPE ST HOPE ST BLACKBURNE PL UPPER DUKE ST MOUNT PLEASANT MULBERYY ST MYRTLE ST HUSKISSON ST FAULKNER ST EXHIBITION CENTRE SEFTON ST
5 NORFOLK STREET,, L1 0BE MUSEUM OF PORT OF BUILDING ROYAL LIVER BUILDING JOHN MOORES UNIVERSITY ROYAL ALBERT ONE ECHO ARENA OPEN EYE GALLERY JURYS INN HILTON HOTEL BALTIC TRIANGLE
6 NORFOLK STREET,, L1 0BE CENTRAL STATION LIME STREET STATION ROYAL ALBERT JOHN LENNON AIRPORT ECHO ARENA JOHN MOORES UNIVERSITY ROYAL UNIVERSITY HOSPITAL MILE
7 NORFOLK STREET,, L1 0BE DESCRIPTION The property comprises a part built mixed use student and commercial development. The completed development will provide an 11 storey block to Norfolk Street and a 9 storey block to Brick Street with a central element linking the two blocks. It will be of concrete framed construction with brick, steel and glazed vertical elements to the elevations with artwork to Norfolk Street and Brick Street. The site has been developed in-line with planning application for the erection of 10 student units (being no three bedroom cluster apartments, no three bedroom duplex apartments and 78no studios, totalling 29 bedrooms) along with communal and service areas plus 1,. sqm (1,2 sq ft) of ground and first floor commercial space. This is subject to a section 10 agreement. Currently, the concrete frame structure and reinforced floors are completed to the sixth storey of Norfolk Street and Brick Street frontages. The central court is to a lower level and incorporates 2 precast elements which will eventually provide the staircases and lift. To the Norfolk Street element some MIB panels have been installed to the first and second floor. There is potential to amend the scheme subject to obtaining the necessary planning consents. Additional information in relation to the planning consent, development and works completed is available on request.
8 NORFOLK STREET,, L1 0BE ACCOMMODATION A breakdown of the proposed accommodation is provided below: COMMERCIAL UNIT NO. LEVEL SQ M SQ FT 1 Ground Floor Ground Floor 9.9 1,011 Ground Floor ,0 Ground Floor Ground Floor / Mezzanine ,21 Ground Floor / Mezzanine 21. 2,99 7 Ground Floor / Mezzanine ,87 8 Ground Floor / Mezzanine.,98 TOTAL 1,. 1,2 STUDENT UNITS LEVEL DESCRIPTION NO. UNITS SQ M SQ FT 1st-th 1st-8th 7th-8th 7th-8th 9th-10th Bed Cluster living room / kitchen, en-suite bedrooms Studio living room / kitchen, bathroom and bedroom Studio living room, kitchen, bedroom with en-suite Studio living room / kitchen, bedroom with en-suite Duplex living room / kitchen, en-suite bedrooms We understand that the gross internal area of the whole development including communal areas is to be 9,71 sq m (10,1 sq ft). PLANNING The site had planning consent (REF:1F/0829) for the erection of a part 11 and 9 storey building comprising 12 student apartments with associated facilities and 12,8 sq ft of class B1 creative space. The site has been developed in-line with application Ref: 1F/100. Additional information in relation to the planning position and plans are available upon request.
9 NORFOLK STREET,, L1 0BE TENURE Freehold and long leasehold. TENANCY vacant possession EPC The subject property is not yet completed and we therefore understand that an EPC is not required in accordance with Section L1A of the Building Regulation. VAT All offers made should be exclusive of VAT which is applicable. PROPOSAL The Landwood Group are instructed to take offers for the freehold interest. Each party will be responsible for their own legal costs. Evidence of funding will be required on submission of all offers. FURTHER INFORMATION A full information pack is available on request. To discuss the opportunity in further detail please contact: Holly Surplice holly.surplice@landwoodgroup.com Michael Fitzpatrick michael.fitzpatrick@landwoodgroup.com landwoodgroup.com Hugh Dorins hugh.dorins@sia-group.co.uk Misrepresentation Act 197. Unfair Contract Terms Act 1977 The Property Misdescriptions Act These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any representation or fact upon which any person is entitled to rely. Neither the agent nor any person in their employ has any authority to make or give any representation or warranty whatsoever in relation to the property. August RB&Co
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