Liverpool’s Drury House Up For Sale With ‘Residential Conversion’ Opportunity

A LIVERPOOL office building with pre-application approval to be converted in to 141 residential apartments has been brought to the market. Drury House on Water Street has been listed with a guide price of £4.5 million by Hitchcock Wright & Partners, which is acting on behalf of a private client. Drury House is currently used as an office building comprising 32,206 sq ft across seven storeys. The pre-application approval offers the capability to create 141 contemporary residential apartments utilising the existing expansive glass panelled frontage to Water Street and an additional new build development to the Drury Lane elevation. The redevelopment proposal would comprise 108,644 sq ft in total. Hitchcock Wright say other commercial uses, such as a hotel, would also be suitable for the site. Located close to the junction of Water Street and The Strand, Drury House sits in the heart of the UNESCO World Heritage site among the iconic Three Graces. With James Street station nearby, the building offers easy access to the whole of Liverpool and the Merseyside region. Drury House lies in close proximity to Castle Street’s bustling food quarter, the Albert Dock and in easy access to Liverpool One retail complex. Brian Ricketts, partner at Hitchcock Wright & Partners, says: “This is a truly unique and rare opportunity to acquire something more than an existing building with refurbishment/conversion potential, which has been prevalent in the market in recent times. The additional adjacent development site gives a developer much further scope to create a new landmark building directly next to the iconic Grade II listed India Buildings. “Whilst we are targeting the residential market we are not ruling out other commercial uses such as a hotel which the site would also lend itself to. There is a growing demand for high end city centre apartments and luxury accommodation for the city’s burgeoning tourist market. “The amenities in the buildings vicinity, including the popular eateries on Castle Street, as well as the Pier Head and the Albert Dock makes a residential conversion or redevelopment hugely attractive; we have already had strong demand for this site.”