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Retail Units & Shops

Merseyside

Liverpool

property

Let

Link Building & Floors 2-7, 51-57 Church Street 51-57 Church Street, Liverpool, L1 1DE

Use Class

Size

64,800 sq ft

Rent pa

POA

Price

£1,500,000

Market Sector

Retail & Shopping Park

Key Features

Prime position within city centre
Within 10 min walk of Liverpool Lime Street and Central Railway Stations
Comprises 6 upper floors (second to seventh) over TK Maxx
GIA of approx 64,800 sq ft (6,020 sq m)
Planning permission granted 2017 to redevelop to a 105 room aparthotel but works did not commence
Principal means of access to be constructed off Basnett Street which connects Liverpools prime retail pitch of Church Street to Williamson Square
Held by way of an underlease expiring 31 March 2259 at an annual rent of one peppercorn
Long leasehold permits conversion, subject to planning, to any Use within former Use Classes A, B, C or D
To be sold with vacant possession
Seeking offers in the region of £1,500,000 subject to contract
Quoting price reflects a capital value of £23.15 psf (£249 psm)

Description

Prime Redevelopment Opportunity For Sale

The premises comprise of floors 2 to 7 over TK Maxx and form part of the George Henry Lee building which was previously occupied by John Lewis. Access to the upper floors is expected to be off Basnett Street via what is called the "Link Building".

Location

Having gained international recognition as European Capital of Culture 2008 Liverpool continues to attract inward investment and development, providing one of the most attractive retail and leisure markets in the UK.

Liverpool is a well-established visitor destination, attracting tourists wishing to savour in the various cultural, musical and sporting attractions the city region has to offer. Liverpool was voted the UK’s third most popular destination in Trip Advisors 2019 Travellers’ Choice awards, ranked 4th in the UK for hotel occupancy in 2019 and 1st for RevPAR Growth between 2015-2018.

Liverpool’s retail economy remains buoyant with notable deals including; Decathlon agreeing terms to take the former Next on Church Street following Next relocating to a 46,000 sq ft store at the Junction of Church Street/Paradise Street and, Flannels due to open their 120,000 sq ft flagship store in the former Owen Owen Building on Parker Street later this year.

The property occupies a prominent corner position at the junction of Church Street and Basnett Street and forms part of Liverpool’s prime retail pitch.

Liverpool Lime Street is situated 500m to the north providing access to the National rail network. Central Station, the hub of the Merseyrail network, is located 200 metres to the east.

Liverpool’s vibrant leisure pitch is focused around Bold Street, Concert Square and Seel Street approximately 400m to the south east of the property.

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.