11-13 Cheapside, Liverpool L2 2DY

Situated

The property is situated on Cheapside within the Castle Street Conservation Area, to the north-east side of Liverpool City Centre. The street runs perpendicular to Dale Street to the south and Tithebarn Street to the north. Dale Street is a key thoroughfare extending across the northern edge of Liverpool City Centre, providing access to the A5036 to the west and towards the A59, Hunter Street and Edge Lane to the east. The area around Cheapside and Dale Street provides a variety of uses including hotels (the Caro Hotel, Premier Inn, Double Tree by Hilton, Aloft Liverpool), municipal buildings, offices, retail and leisure uses. Liverpool’s main commercial, retail and cultural attractions are all within a threequarter mile radius of the property.

Planning History

Planning consent was granted in September 2016 (planning ref : 16F/0737) for the change of use of the adjacent Princes Building, and ‘the conversion of 10 Hockenhall Alley and 11-13 Cheapside to form 6 apartments, together with a five storey extension at the rear of 10 Hockenhall Alley to form an enclosed stair/lift core for access purposes and associated external works’.

The proposed scheme comprises:-
Ground floor: 1 x two-bed apartment
First floor: 2 x one-bed apartments
Second floor: 1 x two-bed apartment
Third and fourth floors: 2 x three-bed duplex apartments comprising living accommodation at third floor and bedrooms (including one ensuite) and a bathroom at fourth floor. Listed Building Consent (reference
16L/0738) for the same proposal was also approved in September 2016. The property also formerly had
planning consent for conversion to office use, granted under planning reference 15F/1269.

Business Rates

From April 2017 from the property has a rateable value of £9,100. Exemptions may apply due to the buildings listed status, however interested parties should make their own enquiries.

Tenure

The property is held Freehold under Land Registry title number MS625726.

Tenancies

We understand that the property is vacant.

VAT

We understand that VAT may be applicable to the purchase price.

GUIDE PRICES & RESERVE PRICES

Guide Price
An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Reserve Price
The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer.

Both the guide price and the reserve price can be subject to change up to and including the day of the auction.