Stanley Street, Liverpool, L1

Marshall Property are delighted to present this fantastic opportunity located on Stanley Street, L1. Planning permission has been obtained for a conversion into 49 serviced apartments (Class C1).

The subject property comprises the lower ground and upper floors of 14 ? 16 Stanley Street and the upper floors of 18 ? 20 Stanley Street. The building is currently producing an income at ?75,500 per annum from 11 apartments on the upper floors of 18 ? 20 Stanley Street and ?15,000 from the commercial property on the lower ground floor of 14 ? 16 Stanley Street. The property lies in a prominent City Centre location close to main amenities to include the bar/leisure district of Mathew Street and the Liverpool One shopping destination. It is a rare opportunity to acquire and development an apart-hotel in Liverpool City Centre.

The property is held long leasehold by way two 999 year leases.

The subject property will comprise the refurbishment of two adjoining buildings, 14 to 16 and 18 to 20 Stanley Street.

14 to 16 Stanley Street

The property comprises lower ground floor retail and partially stripped out office accommodation on upper ground, first to third floors.

18 to 20 Stanley Street

The accommodation comprises the 1st to 3rd floors which have been refurbished into 11 apartments.

ACCOMMODATION

14 ? 16 Stanley Street ? Gross Area - Existing
FLOOR M2 SQ FT
Ground 129.5 1,395
First Floor 132.9 1,430
Second Floor 131.7 1,418
Third Floor 135.7 1,461
Lower ground floor retail - no access.

18 - 20 Stanley Street - Existing
Comprises 8 no x 1 bed, 1 no. x 2 bed and 2 no. x 3 bed apartments totaling 724 sq m (7,793 sq ft).
The proposed scheme is to convert the property into 49 serviced apartments totaling 1,014 sq m (10,913 sq ft).
A schedule of accommodation of the existing and proposed development is available upon request.

PLANNING

Planning permission was granted on 14 December 2021 (19F/2853) change of use 18 ? 20 Stanley and 14 ? 16 Stanley Street to 49 serviced apartments (Use Class C1).
Listed Building Consent (19L/2855) was also obtained on 14 December 2021.

TENURE/TENANCIES

The property is held long leasehold under the following title numbers:

18 to 20 Stanley Street ? 999 years from 17 December 2019 under Title Number: MS678219.

14 to 16 Stanley Street ? long leasehold by way of a lease dated 999 years from 25 March 1919 under Title Number: MS17293.

The current gross rent from the lower ground floor of 14 ? 16 Stanley Street is ?15,000 per annum and the gross rent on the 11 apartments on the upper floors of 18 ? 20 Stanley Street is ?75,900, therefore the total for both buildings is ?90,900.

EPC

An EPC is available upon request.

ADDITIONAL INFORMATION

Additional information will be provided upon request to include the following:

? Planning Permission, Listed Building Consent and Section 106. Existing and proposed floor plans.
? Land Registry documents and associated plans.
TERMS

Our clients Long Leasehold interest is available with the guide price available upon request.



Notice
marshallets limited endeavour to make our property particulars accurate and reliable, however, they do not constitute or form part of any offer or contract and are not to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective renters only, and are not precise. If you require clarification or further information on any points, please contact us.

Council Tax
Liverpool Council,