Land At 109 Admiral Street & 83 South Street, Liverpool, L8 8BW

Description

This is a corner plot of freehold land with full planning permission to erect a three-storey building. The plans include a commercial unit on the ground floor and a single residential unit on the upper floors (25F/2558).

Accommodation

The planning permission includes a ground floor commercial unit with adjoining bin store area. The residential element has its own private entrance and stairs up into the apartment. The first floor consists of an open plan living/kitchen and bathroom. The second floor has an additional bathroom as well as two bedrooms.

Location

Located on the corner of Admiral Street and South Street in the established L8 area, the development site benefits from a convenient position close to Liverpool city centre, the Baltic Triangle and a wide range of shops, cafés and services. Excellent transport links provide easy access to the city centre and wider Merseyside area, with strong commercial and residential rental demand making this an excellent investment opportunity.

Auction Information

Tenure

Freehold. The legal pack is the definitive source for lease length, title, covenants, service charges, ground rent and special conditions.

Development / Planning

This is a corner plot of freehold land with full planning permission to erect a three-storey building.

Investment Analysis

Market Comparables

Use recent Land Registry sold evidence and genuinely comparable current/let rental evidence for the same micro-location, accommodation, tenure and condition. Venmore’s stated rents or rental opinions are retained as auctioneer evidence where supplied; HB screening figures are not a formal valuation.

Proposed Works

HB desktop allowance: £5,000. Scope should be confirmed from inspection, photographs, survey and contractor pricing. Prioritise structure, roof/damp, services, heating/electrics, windows, kitchens/bathrooms, decoration and external works only where relevant to this specific property.

Rental Value

No achieved/current rent has been assumed where the auction particulars do not provide one. Obtain current comparable letting evidence before relying on a BTL appraisal.

Low / Base / High Investment Scenario

Specialist Development Analysis

Assess planning status, conditions, affordable-housing/CIL/S106 exposure, access, services, abnormal ground costs, professional fees and finance through a residual appraisal. Lapsed or illustrative planning is not treated as implementable consent.

Maximum Bid Indicator

Derive the bid from verified end value less build/site costs, buyer fee, legal/professional fees, finance, holding, contingency, selling costs and required developer profit. SDLT is buyer-specific and is not included in this desktop screen.

Strategy Recommendation

Development/land strategy only where planning and legal due diligence support it; otherwise assess on existing-use value.

Strategy Rating

Development: ★★★☆☆ | Land Hold: ★★★☆☆ | BTL: Not applicable until a lawful dwelling exists

Key Risks

Planning status and conditions, listed-building constraints, legal-pack special conditions, condition/survey, finance and valuation risk.

Analysis Confidence

Medium for facts reproduced from Venmore’s particulars; low-to-medium for HB desktop works/value screens until inspection, legal-pack review, direct sold/rental comparables and contractor/QS pricing are completed.