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Thread: King Edward Tower

  1. #1
    Creator & Administrator Kev's Avatar
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    Exclamation King Edward Tower

    IT IS a derelict, burnt-out building that has become a blot on the recentlyregenerated urban city centre landscape.

    But the King Edward pub, bought five years ago for just 150,000, is now rumoured to be worth a staggering 9m.

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    Despite its less than salubrious appearance, the building's value has shot up thanks to its prime position sitting high above the River Mersey, making it ripe for redevelopment.

    Sources told the Daily Post that one development company had offered the owner 9m for the site, but was turned down.

    The owners, Richmont Properties, are still considering whether to sell the land, develop it themselves, or join up with another firm for the venture.

    To make it viable for buyers splashing out such a sum, they would need to build a sky-scraper style tower similar to its neighbour, the multi-million pound Beetham Tower.

    A spokesman for regeneration organisation Liverpool Vision said: "It is designated as one of the clusters for tall buildings."

    But many are less than convinced that a firm would actually part with such a hefty sum, particularly as the site does not have planning permission for any development. James Kersh, from estate agents Sutton Kersh, said: "It's a prime location because there are so few land sites in the city.

    "But it is only worth that much subject to planning. It could be they have been made an offer of 9m subject to planning but with a clause that if it is not successful the developers would pay much less."

    Stuart Keppie, from property firm Keppie Massie, said: "It is a postage stamp site. A 40-storey site might give you a return, but I would not advise any of my clients to buy it unless there was planning permission attached.

    "There are people who are desperate to get into the city centre but the price of that site is totally dependent on the planning permission.

    "It was bought a few years ago by mystery owners and it seems to have been in limbo ever since."

    If the owners seal a 9m deal, they would emulate the success of their neighbours Beetham.

    The Liverpool-based developer paid the city council 163,000 for land on Brook Street in January, 2002, because it said it wanted the site to make environmental improvements for its nearby 28-storey Beetham Tower and possibly build a small office block.

    But once Liverpool's cabinet approved the deal, the firm subsequently submitted a planning application to build the 40-storey block West Tower, which is estimated to make them 30m.

    A spokesman for Richmont Properties said: "Design negotiations are at a very early stage with the city council.

    "If someone is happy to pay that amount, we would advise them to speak to our agents, Knight Frank."

    samlister@dailypost.co.uk
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    Member Wormella's Avatar
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    It would be really nice to see something done with it.

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    Creator & Administrator Kev's Avatar
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    Has anyone got a pic?
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    A.D.Williams
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    It'll be nice to see something done with this!


  5. #5
    A.D.Williams
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    I think they found a dead body in there a year or two ago as well!


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    Otterspool Onomatopoeia Max's Avatar
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    He turned down 9m!

    Did they find out what happened to the dead body?
    Gididi Gididi Goo.

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    Default King Edward Pub Sold.....

    For 6 Million !

    It has been brought by a Wirral businessman but his plans are remaining a secret for the time being. Property experts in the city think that the site could and would be ideal for a high-rise residential development. If this were to happen, those living in Beethams West Tower could have thier river views blocked out.

    Here is the article...

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    Creator & Administrator Kev's Avatar
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    Sold at last!! Can't complain for 6 million eh? Now on with the demolision of the burnt out pub.
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    Creator & Administrator Kev's Avatar
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    Princes Dock owner Peel Holdings is believed to have paid around 20m for the adjacent King Edward industrial estate, which it has bought from a property investment firm called London & Cambridge. Peel, which recently acquired the owner of Princes Dock, Mersey Docks and Harbour Company, wants to use the site to link Princes Dock with the main dock road and with the city's central business district.
    ..............
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    Senior Member Paul D's Avatar
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    This is a fantastic site for a very tall tower so let's hope they aren't forced to downsize it,it's in a tall building zone so I don't see a problem but you never know in this city,still this is excellent news.

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    Quote Originally Posted by Kev
    Sold at last!! Can't complain for 6 million eh? Now on with the demolision of the burnt out pub.
    Why demolish it? We are loosing so many Dockside pubs at the moment, One day we will only be left with the Baltic Fleet if we are not too careful. I would like to see the facarde incorporated into the new building. Archtechtually, it isn't all that bad.

    Give it a chance, please........

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    Creator & Administrator Kev's Avatar
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    Pre-planning of the King Edward Tower mentions the following details:

    Height: 146M
    Floors: 48
    Residential



    Source....
    Last edited by Kev; 08-09-2006 at 05:08 PM.
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  13. #13
    Otterspool Onomatopoeia Max's Avatar
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    478ft will be bigger than Beetham west tower won't it?

    Manchester has one approved for over 600! Otherwise they have no taller buildings than us!

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    Creator & Administrator Kev's Avatar
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    Quote Originally Posted by Max View Post
    478ft will be bigger than Beetham west tower won't it?

    Manchester has one approved for over 600! Otherwise they have no taller buildings than us!
    8 floors taller, though I'm sure the ground level of the Tower will be lower than the Beetham West, maybe someone can confirm this.
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  15. #15
    Otterspool Onomatopoeia Max's Avatar
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    The Edward one will be taller.

    http://www.skyscrapernews.com/bdbsea...city=Liverpool

    Height is only what matters to Max.

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