Merebank, Greenbank Lane, Liverpool, L17 1AE

Freehold Residential Development Opportunity
The Homes & Communities Agency (HCA) is disposing of the Freehold interest of Merebank, a 14 storey residential tower block in a highly desirable area overlooking Sefton Park, Liverpool, L17 1AE. It is envisaged that the appointed purchaser will refurbish the existing property, including undertaking works to five existing leaseholder properties and to market the refurbished apartments as either market sale or market rented units.  It is anticipated that the purchaser will establish a management company, or partner with a Registered Provider to ensure a long-term stewardship arrangement for the property, which protects the interests of the existing leaseholders.
The property will not be sold with vacant possession.  The property is predominantly vacant with the exception of 5 leaseholders who exercised their Right-To-Buy.  Of these five units, four are currently occupied and as such resident engagement and project management will be a crucial role for the appointed purchaser.
Location
The property is located on a site within the Freehold ownership of the HCA, extending to 0.385 hectares (0.95 acres).
The property is located within Sefton Park, between Greenbank Lane and Greenbank Drive, at the junction with Mossley Hill Drive. Sefton Park is located 3 miles south east of Liverpool City Centre and is a popular, predominantly residential area of attractive Victorian villas, a high proportion of which have been converted into flats, and traditional terraced housing.
Merebank is a 14 storey residential tower block comprising 58 flats; 56 three bedroom flats with balconies and 2 one bedroom flats at ground floor level. Two 8 person lifts serve the upper floors and each floor has a large communal open air landing.  The property also comprises substantial outdoor areas, including 34 garages.  Indicative floorplans of the property are attached in Section A of the Sharepoint site.
The property is set within attractive parkland and the flats on upper levels are afforded panoramic views over Sefton Park and across the city.
Several tower blocks to the North of Croxteth Drive have been refurbished by Arena Housing Association to provide affordable housing. The Greenbank Sports Academy is located immediately to the south of the site whilst Greenbank College and the University of Liverpools Greenbank Halls of Residence are nearby.
Viewing Days are Wednesday, 6th March and Thursday, 7th March 2013
Tenders are required to be submitted by no later than XXXm 5th April 2013
Interview Day is scheduled for Friday, 19th April 2013 which is set aside as a provisional interview date.  Interviews are to be held at the HCA's offices in Birchwood, Warrington.

Location