Sutton Kersh Commercial has sold the The Jam Works on Fleet Street in Liverpool City Centre in a deal that values the site at £1.9million.
The six storey residential apartment block comprises 25 apartments on the upper 5 floors, and two commercial units with potential for car parking on the ground and basement floors.
Fleet Street adjoins Hannover Street which is part of Liverpool One; Grovenor's prime retailing development.
Jonathan Owen, director of commercial agency at Sutton Kersh comments "The building is in an area that is popular with both students and young professionals and ideally located to benefit from the the current high levels of demand for rental property in the City Centre.
"The commercial property sector continues to be heavily restricted by the lack of main stream lending and overall economic climate. Despite these factors, there is strong demand from purchasers for particular property types and tenant demand is also seeing similar trends across various sectors and locations."
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Sales: Sutton Kersh is a trading name of Countrywide Estate Agents Limited, Registered in England Number 00789476. Registered Office Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN.
Lettings: Sutton Kersh is a trading name of Countrywide Residential Lettings Limited, Registered Office Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN. Registered in England Number 02995024. Countrywide Residential Lettings Limited is a member of and covered by the ARLA Propertymark Client Money Protection Scheme. Countrywide Residential Lettings Limited is an agent and subsidiary of Countrywide Estate Agents Limited, Registered in England Number 00789476, Registered Office: Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN. Countrywide Estate Agents Limited is an appointed representative of Countrywide Principal Services Limited which is authorised and regulated by the Financial Conduct Authority FRN 301684. VAT number 500 2481 05.
