Deadline set for offers for city centre building in administration

A deadline for offers to buy an incomplete building in Liverpool city centre has been set.

Manchester-based surveyors Fletcher Bond has been appointed to sell 60 Old Hall Street in Liverpool after development ceased and administrators were appointed at the start of the pandemic.

The building is at varying degrees of completion.

The asking price has not been revealed and Fletcher Bond is inviting offers with best bids due by June 20 which it said “will hopefully see this important building back into commercial use soon.”

The property comprises vacant ground floor commercial space suitable for retail or leisure uses with a basement gym which is fully fitted out and apartments to upper floors.

There are 63 apartments to the upper floors inside the existing building which are at varying stages of completion.

Some of the apartments are nearly complete, to a good standard with fitted kitchens with appliances, fully equipped bathroom suites with jacuzzi baths and floor coverings and decoration throughout.

It has planning consent for a four-storey extension on the roof which would increase the number of apartments to 116 in total although that has not been completed.

Twenty of the apartments have already been sold off to individual buy-to-let investors.

Rory Dillon, managing director of Fletcher Bond, said: “60 Old Hall Street is the best business address in the city and it is hoped that a proactive investor / developer can acquire this building to put it into use. The area is improving daily with the new Innside Hotel and rooftop bar across the road and increasing footfall in the city post-pandemic. The ground floor commercial are easy wins to get income producing soon and the demand for the completed apartments will be really strong given the location and good fit out. We would actively encourage interested parties to get in touch so as not to miss out on this opportunity.”