Knowsley Road Pharmacy, 123-125 Knowsley Road, Bootle, Merseyside

Description

Freehold Development/Retail Opportunity. No viewings available. This terrace property was previously trading as a pharmacy, including two terrace properties joined internally. However, the end terrace (no. 123) was demolished in c2024. The current terrace property (no. 125) that remains offers a ground floor open room, previously used as the storeroom, along with an office. There is currently no access to the upper floors because the staircase was previously located in the demolished property next door. The property is in need of a full renovation throughout but may also suit residential conversion subject to relevant planning permission.

Accommodation

Ground floor open room, previously used as the storeroom, and an office. No current access to the upper floors.

Location

123-125 Knowsley Road, Bootle, Merseyside L20 4NJ. Local Authority: Sefton Council.

Tenure / Property Information

Investment Analysis

The £90,000 guide is below the supplied same-address 2022 sales of £150,000 for both 123 and 125, but those sales pre-date the demolition of no. 123 and the current loss of upper-floor access. The £300,000 2020 sale and other-address evidence are not reliable bases for a current valuation. No supported GDV can be established without viewing, planning and refurbishment information.

Investment Snapshot

Strategy Recommendation

Proceed only after legal, planning, structural and refurbishment due diligence; do not rely on the historic comparables or assume residential conversion.

Works Required

Full renovation throughout; investigate and resolve upper-floor access following demolition of no. 123. Any residential conversion, layout and access works require appropriate planning and professional assessment.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

BRRR cannot be underwritten because current GDV, works cost, post-works rent, planning position and refinance value are unsupported. At the £90,000 guide, the known minimum admin charge is £3,600, before disbursements and works.

Buy-to-Let Analysis

BTL viability cannot be established. The only rental evidence is an advertised £390 pcm for a separate three-bedroom house and cannot be applied to this vacant commercial property or an unconsented residential conversion.

Flip Analysis

A flip appraisal cannot be supported. The same-address £150,000 sales are historic and relate to a materially different configuration; current full renovation and potential planning requirements are unknown.

Investor Risks & Due Diligence

• No viewings available.

• No current access to the upper floors.

• No. 123 was demolished in approximately 2024.

• Full renovation is required.

• Residential conversion is subject to relevant planning permission.

• Unknown structural, legal and refurbishment requirements.

• Additional disbursements and other legal or transfer costs may apply.

• Historic same-address sales may not reflect the current property configuration.

Recommendation

Proceed only after legal, planning, structural and refurbishment due diligence; do not rely on the historic comparables or assume residential conversion.

Strategy Rating

Analysis Confidence

No viewing is available, the building configuration has materially changed, upper-floor access is absent, works costs and planning outcomes are unknown, and rental evidence is not comparable.