A six-figure bridging loan is set to rejuvenate Liverpool’s former Bank of England building.
Together with Watts Commercial Finance have collectively provided almost £1.7m to support the conversion of this historic site into a luxury restaurant.
Financing the Revival
Cheadle-based property lender Together and Watts Commercial Finance have stepped up to provide a substantial loan of nearly £1.7m. Their collective support will assist Liverpool-based property investor, JSM Property Group, in transforming the former Bank of England building on Castle Street into a high-end dining establishment.
Conversion Plans Unveiled
The basement will serve as storage and office spaces, along with staff break and changing rooms. Additionally, the first floor will house customer toilets.
Historic Landmark Comes to Life
The Bank of England closed its Liverpool branch in 1986. Since then, it has mostly sat empty, despite plans for conversion into a restaurant in 1988.
Collaboration and Vision
Goldberg said, “We hope to see more developers take advantage of these opportunities to bring such properties back to life.”
Watts Commercial Finance Perspective
This collaboration marks a promising future for the relationship between Watts and JSM Property Group.
A Brief History of the Bank
Following their occupation, five protesters were jailed for trespassing for almost three months.
Looking Forward
With the financial backing and collaborative effort from Together and Watts Commercial Finance, the future looks bright for the former Bank of England building.
This bridging loan represents a significant step in revitalising an iconic Liverpool landmark.
The transformation heralds a new era for the Bank of England building, promising to enrich the city’s vibrant dining scene.