Prime development site up for sale six months after gaining planning approval

A prime, mixed-use development site in Liverpool’s Baltic Triangle district has been brought to market, only months after it achieved planning permission.

Last October, Liverpool Council’s planning committee approved plans for 650 apartments, a hotel, office and retail units and an art gallery on a plot of land between Chaloner Street, Flint Street and Parliament Street, in the city’s creative quarter.

The site had been occupied by Norton Scrap Metals but had been empty for a number of years. The application had been submitted by Liverpool-based Chaloner Street Developments.

It has now been brought to market by CBRE’s northern specialists and joint agent David Sayer Consultancy, at the request of Chaloner Street Developments.

They said the 1.97 acre gateway site, known as Norton Point, offers a rare opportunity to purchase a large-scale development site with planning permission granted to create an extensive mixed-use and build-to-rent scheme arranged over three blocks, to include 650 residential apartments, a 240-bedroom hotel and 43,500 sq ft of commercial, office and leisure space along with basement car parking facilities.

The development is prominently located fronting Chalenor Street and Upper Parliament Street, south of the city’s central business district and the Liverpool One retail centre. The Albert Dock and Liverpool’s iconic waterfront are also close by.

The property is sold with freehold disposal and vacant possession.

The area is home to a variety of creative and digital industries and a number of independent pubs, bars, restaurants and shops.

Significant development to the public realm has transformed it into one of the most popular locations to live in the city.

Mike Gorman, senior director of UK development & residential capital markets at CBRE, said: “The development of Norton Point will add a vibrant mix of residential, leisure and retail accommodation to one of the most lively and creative areas of Liverpool city centre.

“The scheme offers an exciting opportunity to build a new complex that will sit alongside a number of Liverpool’s premium apartment schemes and iconic landmarks. We anticipate high interest in this opportunity.”