We have worked on a wide variety of schemes and development of many different types of property, all delivered with local market knowledge and expertise.
Sold Spring 2020
Park Hall Hotel, Lancashire
We have recently acquired this 140 bedroom hotel and Leisure Club in the heart of Lancashire. Located on a large 9 acre site with sizeable function facilities, it has the ability, with investment to improve occupancy and become a major regional centre for weddings, conferences and other functions.
An opportunity that had been on the market with a Liverpool agent but was not appealing to most potential purchasers because of the unusual mix of accommodation. A three acre site with 6,224,45 sqm (67,000 sqft) of varied accommodation – including a conference centre in three separate buildings acquired in 2018 from a local college. A substantial site but not located within an industrial area. The purchase provides an opportunity for refurbishment, sub-division and letting. The main college building had operated separately from the conference centre and the large central building on site had been let to a third party who were into their last 12 months on their lease. We have settled all previous third party occupational leases and presently considering sale, redevelopment and refurbishment options.
An attractive historic Listed Building, yet located on the wider Manchester Airport campus. The hotel was placed into Administration and remained open under the control of the Administrators who then looked to sell the hotel business. A complicated site and title, the majority of which was held long leasehold, was purchased from Administrators in December 2018. Despite the time of year we were able to conclude the complex purchase of a 125 year-long leasehold interest in a Listed building, from Administrators, involving transfer of staff, dealing with existing supply agreements, letting contracts and commitments, pre-existing function room bookings, which we concluded within four weeks of receiving the contract. The hotel is excellently positioned on the ever growing airport campus but had lacked the investment needed to reach its potential.
The opportunity rose to redevelop an urban brownfield site in Greater Manchester. Such sites require a buyer to make an assessment of risk and site difficulties quickly in order to bring forward a development in a restricted timescale while demand exists. Such roadside sites are always sensitive from a planning aspect as they have a visual impact on the wider area and traffic generation needs to be allowed for a managed effectively. This site sits on one of the conurbations principal routes the A666. The development provided 3 retail units and is anchored by a Tesco Express.
The £5 million project saw the conversion of the existing barns into 11 large luxurious homes, with sizes ranging from 1700 sqft to 3800 sqft. This project comprises the conversion of the farm outbuildings to eleven dwellings on three sides of the courtyard with Ridley Hall forming the fourth side of the courtyard. A sandstone enclosure in the centre of the courtyard will be be retained and eight of the proposed dwellings will incorporate garages. A timber structure has been constructed as garaging to units 9 , 10 & 11. Dwellings would be three or four bedroomed properties with rear garden areas and landscaping.
We have developed and operate a modern purpose built 65 bedroom student hall of residence, arranged in a variety of pod sizes, with good communal space to a provide a modern mix of accommodation. . Liverpool is a traditional long established education centre and a dynamic urban environment, which is reflected in the large student population and it’s continued popularity as a centre of learning. The site shares access with a local historic feature The Williamson Tunnels and sits alongside the city’s main railway line. It is located in an excellent position on the edge of the city centre in the emerging Paddington Village district of Liverpool’s designated Knowledge Quarter, adjacent to the Liverpool University and Royal Liverpool Hospital.
Receivers had been appointed over the mixed residential and commercial three storey high street block with retail to the ground floor and 14 flats to the two upper floors. The building attracted a lot of interest but with parties unable to proceed, the vendors had a number of aborted sales. We purchased from receivers at the agreed figure of £850,000 within a month of receiving the contract. We concluded the complex purchase of a 125 year-long leasehold interest in a listed building from administrators, involving transfer of staff, dealing with existing supply agreements, letting contracts and commitments, and pre-existing function room bookings. The hotel is well positioned on the ever growing airport campus but had lacked the investment needed to reach its potential.