Lambert Smith Hampton (LSH) have been instructed by Joint Administrators at FRP Advisory Trading Limited to sell two unique buildings that were part of the Signature Living portfolio. The buildings, based in Liverpool and Manchester, are an exciting development and investment opportunity that provide an immediacy of delivery in excellent, sought after locations.
Situated in the heart of Liverpool City Centre, 60 Old Hall Street boasts an unrivalled location in close proximity to a number of amenities and high-profile commercial occupiers. The site is currently part-complete office to residential conversion which allows for a development of up to 167 apartments.
Located close to Ancoats Urban Village and the Eastlands Masterplan, Victoria Mill in Manchester is a beautiful Grade II* listed building with planning permission for 85 loft style apartments which make full use of the building’s magnificent original features.
The sales, despite being launched during challenging economic times, are expected to attract significant levels of interest, largely in part due to the excellent nature of the micro-location of Liverpool and the uniqueness of Victoria Mill, situated in an area close to Central Manchester which has experienced significant investment in recent years.
With the majority of commercial property markets experiencing significant upheaval due to the COVID-19 pandemic, the residential market at present, appears to be robust in comparison.
Ian Scott, National Head of Build to Rent and PRS at Lambert Smith Hampton said:
“We are delighted to bring these two schemes to market. Both opportunities provide an immediacy in terms of delivery which ground up development doesn’t.”
“The combination of quality accommodation in outstanding locations makes both schemes an excellent investment opportunity particularly when you consider the strength of the residential market compared to a number of commercial property markets at this moment in time”.
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