A Plot of Land Measuring Approximately 80 sq m (861 sq ft). Offered with Planning Permission for the Erection of a Three Storey Six Bedroom Eight Person HMO.

The lot comprises a plot of land measuring approximately 80 sq m (861 sq ft).

Tenure

Freehold

Location

The land is situated on a residential road close to local shops and amenities and in a good location for per night accommodation. The open spaces of Great George Square are within easy reach. Transport links are provided by Liverpool Lime Street rail station.

Planning

Liverpool City Council granted the following planning permission (ref: 21F/3351) on 9th August 2023: 'Erection of a three storey, 6-bedroom, 8 person property to be used as a HMO on an existing car park at the corner of Bailey Street and Grenville Street South'.

Proposed Accommodation

Ground Floor Communal Reception Room Communal Kitchen First Floor Three Bedrooms Bathroom Second Floor Three Bedrooms Bathroom

The site area depicted within the plan in the auction particulars is for indicative purposes only. Additionally, any measurements stated may not be exact. Some or all of the plot may comprise adopted highway land and if the site has trees, there may be Tree Preservation Orders in place. Buyers should rely on their own enquiries with regard to precise measurements, any consents or rights over the land and any possible development potential or alternative uses for this site. The vendor has advised that the car park contract will end prior to completion. Once finished the vendor believes the rental income is in the region of £52,000 - £55,000 per annum.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.