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Agent's details

Fabric, 35 Gildart Street

For sale: POA|1.15 Acre|Land, Residential, Commercial Land

Property details

FOR SALEPOA
SIZE1.15 Acre
ADDRESSFabric, 35 Gildart Street, Liverpool, L3 8AG
TYPELand, Residential, Commercial Land
TENUREFor Sale Freehold
POSTED ON16th September 2022

Description

Key Points

  • 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
  • Summary

    Residential Development Opportunity

    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.

    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 500m to the south west of the site.

    Queen Street bus station is approximately 300m from Lime Street Train Station. Buses from Queen Street serve the wider city with destinations including Bootle, Kirkby, Preston, St Helens and Wigan.

    Ideally located for employment hubs including the Royal Liverpool University Hospital which is the largest and busiest hospital in Merseyside and Cheshire and the largest A&E of its type in the UK. The Hospital neighbours the University which has over 29,000
    students and employs over 5,600 staff.

    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 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.

    Location

    marker
    Location: Fabric, 35 Gildart Street, Liverpool, L3 8AG

    Liverpool Lime Street (0.3 miles)

    Liverpool Central (0.6 miles)

    Moorfields (0.7 miles)

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