A former Taskers site in Liverpool has been brought to market.
The home and DIY retailer has appointed CBRE to find a new owner for the 4.6-acre plot, comprising the store and car park, on Wavertree Road in Edge Hill.
The site is close to Paddington Village in the Knowledge Quarter and a range of amenities including more than 170 retail stores, bars/restaurants, theatres and leisure premises.
The vacant building measures 120,000 sq ft and, subject to planning consent, has the potential to be converted into build-to-rent homes, affordable housing, purpose-built student accommodation, offices, laboratories, education premises or hotel space.
Taskers will consider unconditional offers and subject-to-planning proposals.
Andrew Byrne, director in CBRE’s office agency team in Liverpool, said: “There has been a limited level of new-build development and demand has therefore been restricted to existing building refurbishments. Undersupply in the Liverpool office market has seen demand levels being unmet and there remains a feeling that we need to tap into this unmet potential in the region.
“Demand in the laboratory market over the past two years has averaged 105,000 sq ft, which far outstrips current supply. This site opens up opportunities for the lab sector, with available lab space very much concentrated into five principle buildings/developments/business parks, with three of the five located in Liverpool city centre and within the Knowledge Quarter.”
Claire Robinson, associate director in CBRE’s UK development and residential team, added: “The Liverpool residential market has benefited from a high level of investment and development over the past decade, with the majority of new schemes situated in central Liverpool. This site represents an opportunity for more residential development to serve a growing population, predominantly young people aged 20-34, and a high proportion of renters.
“The site can also support the residential market serving students studying at the city’s five higher education institutions. The existing supply for student beds in Liverpool falls short of meeting the current demand, with more than 10,000 PBSA beds still needed, and this site has the potential to bridge that gap.”
Photo from CBRE
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