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Liverpool site with permission for 198 flats hits market
Fixed charge receiver Strettons is selling the one-acre plot between Sefton Street and Caryl Street in Toxteth for a guide price of £3.2m.
Fast Growth Homes Brunswick, an SPV of Liverpool-based developer Fast Growth Homes, is the current owner of the site, having acquired it in 2021 for £2.8m, according to HM Land Registry reports. Financial firm District and County Investments filed a charge against the company regarding the property and appointed Strettons as receiver in August.
Vandermolen Real Estate is marketing the freehold of the site, known as Brunswick Place, on Strettons’ behalf.
The site already had planning permission from Liverpool City Council when Fast Growth Homes acquired it. The scheme in place dates to 2017 and was the creation of Eloquent Global and featured designs by Blok Architecture. The approved application calls for the building of two apartment blocks, one facing Sefton Street and the other Caryl Street.
The 40,950 sq ft Sefton Street property would be six storeys in height and contain 95 flats, 80 of which would have one bedroom and the remaining 15 would have two bedrooms. There would also be 6,200 sq ft of ground floor commercial space.
The larger, 49,600 sq ft Caryl Street building would be eight storeys tall and comprise of 103 apartments. Of these 103 flats, 67 would be one-bedroom units and the other 36 would have two bedrooms.
The approved plans also include 110 car parking spaces and a communal courtyard between the two apartment blocks. The application reference number is 16F/2915.
Since acquiring the land in 2021, Fast Growth Homes has been working with architect Atelier 2 Architecture to discharge multiple conditions attached to the planning permission. Liverpool City Council approved the discharge of two of the conditions in February of this year. That application’s reference number is 21DIS/1136.
A statement from a Fast Growth Homes Brunswick representative said negotiations with District and Counties and a new potential scheme funder was “progressing well”.
The representative described the 198-home project as “shovel-ready”.
“The project, not unexpectedly, has been more recently hampered by construction inflation, which is the delaying factor, following the purchase of the site from Eloquent Global,” they said.
“However pre-sales of the units have been progressed well in the interim, which have resulted in the current positive outlook for [Fast Growth Homes Brunswick] and the project.”
