Office building in Liverpool

Liverpool, United Kingdom

Office

£1.650.000

11 Jan 2019

198

Property Details

#198

15358 sq.ft.

Freehold

6

X

Fees

1.00 %

1.00 %

1.25 %

0.75 %

0.25 %

Investment Overview

INVESTMENT SUMMARY • Multi-let city centre office investment opportunity • 15,358sqft over basement, ground and six upper floors • Prominent position in the vibrant Stanley Street quarter • Well maintained and in excellent condition throughout • Current passing rent of £111,974 pax. • Opportunity to increase rental income by letting voids • Potential for alternative uses and the creation of additional floors (subject to planning) • Capital value of £107psf DESCRIPTION Office accommodation on ground and five upper floors. All office suites have perimeter trunking and are heated by a gas-fired 'wet' central heating system. Toilets are on ground, second and sixth floors and there is extensive basement storage. ACCOMMODATION The property has the following Net Internal Areas: Basement 918 sq. ft. Ground 1,993 sq. ft. First 2,644 sq. ft. 2nd 2,171 sq. ft. 3rd 2,523 sq. ft. 4th 2,517 sq. ft. 5th 2,512 sq. ft. 6th 80 sq. ft. TOTAL 15,358 sq. ft. SERVICE CHARGE All leases are drawn on effective fully repairing and insuring terms subject to the payment of a service charge. Further service charge details available upon request. ASSET MANAGEMENT OPPORTUNITIES • Opportunity to re-gear existing leases and let vacant accommodation • Potential to develop additional floor/s at roof level (subject to planning) • Potential for conversion into alternative uses (subject to planning)

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Market data