This Property is currently unavailable

For more properties within this area click here

Retail Units & Shops

Merseyside

Liverpool

property

Let

Queen Square Queen Square, Liverpool, L1 1RH

Use Class

Size

101,642 sq ft

Rent pa

POA

Price

£17,250,000

Market Sector

Leisure Scheme

Key Features

Gross rent achievable of £1,359,280 pa equating to a low average rent of £13.37 per sq ft
Net rent receivable of £1,238,356 pa
74% of the income is secured against national covenants.
Weighted average unexpired lease term certain of 11.7 years.
Offers are sought in excess of £17,250,000 subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 6.73% after usual purchasers costs
This further reflects an equivalent yield of 7.12% and reversionary yield of 7.21%

Description

The property offers 101,642 sq ft of leisure & office accommodation arranged over 4 distinct parts being The Plaza, Courtyard, St John's House and Yates. The property provides a mix of restaurants, bars and a casino all of which are successfully trading alongside each other.

Location

The property offers 101,642 sq ft of leisure & office accommodation arranged over 4 distinct parts being the Plaza, Courtyard, St Johns House and Yates. The property provides a mix of restaurants, bars and a casino.

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.