This prime development site presents a rare opportunity for investors to capitalize on a parcel of cleared land with full planning permission for the construction of 132 modern one- and two-bedroom apartments, alongside 1,140 sqm of non-residential space. Spanning approximately 0.24 ha (0.59 acres), the site is strategically positioned near significant regeneration initiatives in Birkenhead, enhancing its long-term investment potential.
Currently utilized as a surface car park, the property can generate immediate income with a monthly rental yield of £1,500 until the development phase begins. The site's previous usage as the Ritz cinema and bingo hall adds historical significance and community value.
Notably located just southwest of Liverpool and adjacent to prominent transportation links including bus services and train stations, this site benefits from high visibility along Conway Street, a key route connecting to Liverpool's main shopping district.
With major investment plans underway for the local area—estimated at over £1 billion—this site stands to appreciate significantly in value. Nearby developments are expected to transform Hamilton Square into a vibrant mixed-use hub with hotels and leisure spaces, further solidifying Birkenhead's appeal as a residential destination.
The existing planning permission allows for an innovative six-to-seven storey building that can accommodate diverse living options without obligations for affordable housing or community contributions. This flexibility presents a valuable opportunity for tailored development in alignment with local market demands.
