{"id":450861,"date":"2025-09-25T17:19:11","date_gmt":"2025-09-25T17:19:11","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/450861\/"},"modified":"2025-09-25T17:19:11","modified_gmt":"2025-09-25T17:19:11","slug":"liverpool-city-centre-apartment-building-up-for-sale","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/450861\/","title":{"rendered":"Liverpool city centre apartment building up for sale"},"content":{"rendered":"<p>The building was originally built as a warehouse unit<a class=\"AuthorLink_author-link__rg5qj\" data-tmdatatrack=\"author\" data-testid=\"byline-author\" href=\"https:\/\/www.liverpoolecho.co.uk\/authors\/dan-haygarth\/\" target=\"_blank\" rel=\"noopener\"><strong class=\"Strong_strong__e2x35\">Dan Haygarth<\/strong><\/a> Liverpool Daily Post Editor and Regeneration Reporter<\/p>\n<p>18:06, 25 Sep 2025<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/09\/0_Watling-Real-Estate-Colonial-Chambers-1.jpg\" alt=\"Colonial Chambers at 3-11 Temple Street\" loading=\"eager\"  \/>Colonial Chambers at 3-11 Temple Street(Image: Watling Real Estate)<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\" publication=\"liverpoolecho\">A block of 96 apartments close in <a class=\"TextLink_text-link__dBSS0 TextLink_enabled__dJF3l\" href=\"https:\/\/www.liverpoolecho.co.uk\/all-about\/liverpool-city-centre\" target=\"\" aria-label=\"\" tabindex=\"0\" rel=\"noopener\">Liverpool city centre<\/a> has come on to the market. Watling Real Estate has been instructed to sell the freehold interest of Colonial Chambers at 3-11 Temple Street, which still has 27 apartments available for sale.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\" publication=\"liverpoolecho\">This is in addition to a potential ground rent income of more than \u00a324,000 per annum from the 69 <a class=\"TextLink_text-link__dBSS0 TextLink_enabled__dJF3l\" href=\"https:\/\/www.liverpoolecho.co.uk\/all-about\/property\" target=\"_blank\" aria-label=\"apartmentsLink opens in a new tab.\" tabindex=\"0\" rel=\"noopener\">apartments<\/a> already sold. The six-storey property has an additional two basement floors which have previously had consent for the development of an apart-hotel.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\" publication=\"liverpoolecho\">Ian Whittaker, <a class=\"TextLink_text-link__dBSS0 TextLink_enabled__dJF3l\" href=\"https:\/\/www.liverpoolecho.co.uk\/news\/business\/\" target=\"_blank\" aria-label=\"a director at Watling\u2019s Manchester officeLink opens in a new tab.\" tabindex=\"0\" rel=\"noopener\">a director at Watling\u2019s Manchester office<\/a>, said: &#8220;This property provides an excellent opportunity to create significant value through intensive asset management.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\" publication=\"liverpoolecho\">&#8220;The upper floors are largely complete, while the apartments on the ground floor are mainly at first fix stage.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\" publication=\"liverpoolecho\">&#8220;Of the 96 apartments in the block, 27 remain within the freehold interest and 69 have been sold, offering a potential ground rent income of \u00a324,150 per annum.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\" publication=\"liverpoolecho\">&#8220;We are now inviting unconditional offers for the freehold interest in this property, which includes the unsold 27 apartments.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\" publication=\"liverpoolecho\">&#8220;There is also scope by separate negotiation to re-acquire the sold leasehold units for full control of the asset.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\" publication=\"liverpoolecho\">&#8220;We have direct contact with the leaseholder group and understand that the significant majority of leaseholders are receptive to negotiating a sale of their interest in the property.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\" publication=\"liverpoolecho\">&#8220;There is an additional potential for apart-hotel on two basement floors, subject to full planning permission.&#8221;<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\" publication=\"liverpoolecho\">Colonial Chambers was originally built as a warehouse unit, later converted to offices before its more recent conversion to 96 residential apartments.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\" publication=\"liverpoolecho\">The property has 18 units on each of the ground and first three upper floors, with another 12 apartments on each of the top two floors.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\" publication=\"liverpoolecho\">The six-storeys have a total of 28,995 sq ft of space, with two additional basement levels extending to another 7,473 sq ft.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\" publication=\"liverpoolecho\">Temple Street connects to both Dale Street and Victoria Street, which host a mixture of commercial, leisure, residential and retail properties. <a class=\"TextLink_text-link__dBSS0 TextLink_enabled__dJF3l\" href=\"https:\/\/www.liverpoolecho.co.uk\/all-about\/cavern-club\" target=\"_blank\" aria-label=\"The Cavern ClubLink opens in a new tab.\" tabindex=\"0\" rel=\"noopener\">The Cavern Club<\/a> is approximately 150 metres away.<\/p>\n<p class=\"Paragraph_paragraph-text__PVKlh \" data-tmdatatrack=\"content-unit\" data-tmdatatrack-type=\"paragraph\" publication=\"liverpoolecho\">Chris Walker and Andrew Foster of Watling Real Estate have been appointed joint fixed charge receivers of Colonial House, which is now being marketed for sale by Watling\u2019s Manchester office.<\/p>\n","protected":false},"excerpt":{"rendered":"The building was originally built as a warehouse unitDan Haygarth Liverpool Daily Post Editor and Regeneration Reporter 18:06,&hellip;\n","protected":false},"author":2,"featured_media":450862,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8815],"tags":[748,393,4884,6333,179,2349,2516,16,15],"class_list":{"0":"post-450861","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-liverpool","8":"tag-britain","9":"tag-england","10":"tag-great-britain","11":"tag-housing","12":"tag-liverpool","13":"tag-liverpool-city-centre","14":"tag-property","15":"tag-uk","16":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115266084692269829","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/450861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=450861"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/450861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/450862"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=450861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=450861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=450861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}