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Residential development for sale
Development Site, Conway Street, Birkenhead
£1,500,000
Development Site, Conway Street, Birkenhead
£1,500,000
Our Summary
- Cleared residential development site with planning permission for 132 one and two bedroom apartments and 1,140 sqm of non-residential floorspace to the ground floor
- 59 acres) with an existing surface car park having potential to let for an annual income of £19,200
- Wirral Growth Company has been created, which is an equal partnership between the Wirral Council and a major developer to support the regeneration plans
- Wirral Council have consulted on the first phase of plans for a new town centre, which include:- Birkenhead Civic Hub - A 290,000 sq ft office requirement for Wirral Council and several other public sector covenants, with scope for additional leisure development of up to 25,000 sq ft on adjacent sites
- with scope for almost 350,000 sq ft of commercial development, 200 residential units and car parking
- Woodside Waterfront, a prime waterfront site with outstanding views to Liverpool's World Heritage waterfront will offer 500,000 sq ft of mixed uses having scope for hotels, leisure, offices and high-end residential
- Hamilton Square a Grade I-listed square offers potential for a £60m transformation to include boutique hotels, offices and 36,000 sq ft of leisure space
- PlanningPlanning permission was granted on the 31 May 2018, (reference APP/16/01088) for a six and part seven storey development comprising 132 bedroom apartments being 58 one bedroom & 74 two bedroom with 1,140 sqm of non- residential floorspace on the ground floor
Description
The property is a cleared residential development site with planning permission for 132 one and two bedroom apartments and 1,140 sqm of non-residential floorspace on the ground floor. Located in Birkenhead, close to several regeneration projects, the site is situated in a prime location with easy access to public transportation and nearby amenities. The site was previously used as a car park, generating £1,500 per month, and has the potential to let for an annual income of £19,200. With planning permission granted in May 2018, the site offers a rare opportunity for development in a rapidly regenerating area.