Prescot Business Park, Sinclair Way, Prescot, Liverpool L34 1PG
Prescot, L34 1PB
Sold
Price
£2,100,000
Rent (pa)
£254,315
Yield
11.39%
Investment Summary
- An opportunity to acquire a well-let, high yielding multi-let office park investment
- Excellent connectivity being located with easy access to both the M57 (1 mile) and the M62 (3 miles), providing connections across the North West
- Modern office accommodation constructed in 2007 to a high specification
- Three 2-storey office buildings totalling a floor area of 19,139 sq. ft
- Large site extending to 5.28 acres with 57 demised car parking spaces (1: 355 sq ft)
- Current net income of £254,315 per annum, which equates to a low £13.63 psf
- Excellent rent collection statistics through the pandemic.
- AWULT 2.92 years to expiry (1.66 years to earliest determination)
- Majority let to Government or quango tenants, in occupation through multiple renewals
- The property is held long-leasehold (999 years at a peppercorn) – industrial element sold off on individual long leaseholds
- Offers in excess of £2,100,000 (STC)
- Attractive Net Initial Yield of 11.39%
- Low capital value of just £109 psf
Interested in this property?
Contact our team for more information or speak directly with Sam Beckett.
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