Investment Properties: Canada Dock Exchange, Junction Road, Liverpool L20 8AD

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Canada Dock Exchange, Junction Road, Liverpool L20 8AD

OIEO £3,100,000 subject to contract - Freehold

  • Prime Distribution Investment built in 2016.
  • Liverpool is one of the UK’s major cities & the 2nd fastest growing economy outside of London.
  • Highly prominent 60 metre frontage to a key arterial route into Liverpool city centre.
  • Established location 2 miles (3.2 km) north of Liverpool city centre.
  • Freehold. 
  • High specification distribution / trade counter unit providing 30,463 sq ft (2,830 sq m) on a site of 1.73 acres (40% site cover).
  • Let to CCF Limited (Dunn & Bradstreet 5A 2).
  • 10.67 years term certain.
  • Reversionary passing rent of £165,000 per annum, reflecting only £5.42 per sq ft.
  • Rent review due in August 2021 providing an opportunity to increase the passing rent.
  • Estimated Rental Value of £6.00 per sq ft.
  • The tenant has removed a break option and has signaled their intention to expand within the property demonstrating their long term commitment to the property and the location.
  • We are instructed to seek offers in excess of £3,100,000 (Three Million, One Hundred Thousand Pounds), subject to contract.
  • A purchase at this level reflects an attractive Net Initial Yield of 5.0% (allowing for purchaser’s costs at 6.461%) and a low Capital Value of £102.50 per sq ft.
  • Applying an ERV of £6.00 per sq ft there is reversion to 5.5% Net Reversionary Yield.