Victoria Parade, New Brighton, Wirral

This property represents a significant development opportunity located in a desirable coastal area close to the Promenade. Known as The Ship Hotel, this freehold property spans three levels and is currently laid out with multiple individual rooms, each featuring various kitchen and bathroom facilities. The building's current condition suggests it requires extensive renovation, making it an appealing project for those looking to reimagine the space according to modern standards. Previously, planning permission was granted for the conversion into five self-contained flats—one two-bedroom and four one-bedroom—and although that permission has expired, the groundwork has been laid for potential reapplication. With projected rental values estimated around £650 per month for the two-bedroom flat and £500 for one-bedroom units, there is promising financial upside once the redevelopment is complete. While lacking outdoor space, its prime location offers strong rental demand, positioning it as an excellent investment for developers aiming to expand their portfolio in this sought-after region.