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Agent's details

Natex

For sale: POA|0.9 Acre|Residential

Property details

FOR SALEPOA
SIZE0.9 Acre
ADDRESSNatex, Islington, Liverpool, L3 8LH
TYPEResidential
TENUREFor Sale Freehold
POSTED ON2nd December 2021

Description

Key Points

  • Part-built PBSA development opportunity
  • Excellent location within the heart of Liverpool City Centre
  • 127 units providing a total of 574 beds
  • 0.9 acre site
  • Summary

    Instructed by Patrick Lannagan & Julien Irving Joint Administrators for Mount Group Student Natex Limited.

    Description

    The property comprises a student residential development site extending to approximately 0.9 acres, with existing planning consent to continue building the remaining structures of the two residential blocks between 10 and 16 storeys, comprising 127 units (including 81 studios, 46 clusters to provide 574 bedspaces). At ground floor, the 2 blocks are linked via a central reception area along with communal facilities including; - Gaming Den - Study Area - Co-working Lounge - Residents Lounge - Laundry - Cinema / Studio - Staff Office & WC

    Viewings

    Viewings to be arranged directly with the joint agents.

    Location

    Excellent location walking distance from Liverpool City Centre within close proximity to The Royal Liverpool University Hospital and the University of Liverpool. Liverpool Lime Street Train Station is just 300m to the south of the site. Liverpool offers a city centre popular with students given the 4 universities, excellent nightlife and abundance of places to eat & shop. Natex is ideally located to benefit from this demand, walking distance from the Universities, Liverpool Lime Street and the Waterfront. The site is situated at the corner of Islington, Norton St & Fraser Street with the main entrance to the development fronting Islington.

    Existing Works

    Barton PM Limited, part of Barton Group Services Limited, have been acting as the Management Contractor for the developer since February 2019. Bartons have provided a background to the schemes progress to date and an overview of the works required to see the completion of the scheme. Access to this report will be shared with interested parties.

    Planning

    Full planning consent was received under Ref: 16F/0235 in August 2018 “To erect two blocks of student accommodation in two blocks of 10 and 16 storeys, including erection of cycle and bin store (566 beds in total) with ground floor commercial units.” A section 73 application (Ref: 19F/0294) was subsequently submitted in January 2019 “To vary conditions 2 and 18 attached to 16F/0235, to erect two blocks of student accommodation of 10 and 16 storeys, so as to make a number of external and internal alterations (Condt 2) and to vary date for submission of information (Condt 18).” We understand this has been Approved Subject to Legal Agreement. Further details are available via the Liverpool City Council planning portal. Interested parties are encouraged to make their own investigations regarding the planning status.

    Offers and Expressions of Interest

    We are inviting expressions of interest before formally requesting offers. Details regarding offer requirements will be circulated to those parties which have expressed interest.

    Additional Information

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

    Location

    marker
    Location: Natex, Islington, Liverpool, L3 8LH

    Liverpool Lime Street (0.2 miles)

    Liverpool Central (0.4 miles)

    Moorfields (0.5 miles)

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