This striking mixed-use property represents a notable development venture, located prominently on Aigburth Road. The building has undergone extensive preliminary work, including a full strip back to the brickwork and securing of the structural shell, rendering it watertight. Adding further value, an upward extension is already in place, offering a new floor above the established retail unit. Planning permission is secured for three one-bedroom apartments that will sit atop this commercial space.
Additional development efforts are still necessary, but key structural enhancements have been completed, significantly mitigating risks associated with the project. Flexibility is offered to potential buyers as the current owner is open to selling at various stages of the build process. This provides an opportunity either early in construction or closer to completion, with anticipated price increases reflecting progress made.
The ground floor retail unit is projected to bring in approximately £20,000 annually, while each of the three planned apartments could yield around £10,800 per year, resulting in a combined income potential exceeding £52,000 after completion. Its strategic location on Aigburth Road ensures high visibility and foot traffic, making it an attractive prospect within an affluent residential area. This property not only offers immediate income opportunities but also significant potential for value enhancement through ongoing renovations.
