Wavertree Technology Park, Liverpool L13 1HD

Liverpool, L13 1HD

Sold
Wavertree Technology Park, Liverpool L13 1HD
Price £5,000,000
Rent (pa) £493,427
Yield 9.26%

Investment Summary

  • Three self-contained, multi-let estates within the popular and well-established Wavertree Technology Park
  • Offering a mix of industrial and business incubator space in a sought-after location
  • Served by a dedicated train station, the park provides high quality and crucial employment space for Liverpool and the surrounding areas
  • A total of 80,850 sq ft across 56 units
  • The estates provide a good range of unit sizes from between 450 sq ft to 14,760 sq ft
  • Currently 25% vacant providing asset management opportunity to increase total rental income
  • Total annual rent of £493,427 per annum
  • Triple net income of £481,545 pa (£7.51 psf)
  • Highly reversionary investment with an estimated rental value of £831,965 (£10.29 psf)
  • Overall AWULT of 3.0 years to expiry, 2.3 years to breaks
  • Freehold
  • Included in the title are a number of non-income producing properties sold on a long leasehold basis. Further details are provided in the tenure section.
  • Offers in Excess of £5,000,000 (STC)
  • Attractive Net Initial Yield of 9.25%
  • Triple Net Yield of 9.04%
  • Estimate Reversionary Yield of 15.61%
  • Low Capital Value of £62 psf
Town Liverpool
Postcode L13 1HD
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