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Gordon House 3-5 Leicester St 13,963 sq ft 85% Let Office Property Southport PR9 0ER £1,400,000 (£100.26/sq ft) 11.50% Net Initial Yield
Investment Highlights
- For Sale
- Gordon House, Southport
Executive Summary
The asset is let to a diverse tenant mix, including professional services, healthcare, and SMEs, generating a passing rent of £170,812 per annum. The property offers a WAULT of 3.82 years to expiry and 1.90 years to break, with opportunities to enhance income through letting vacant suites and regearing existing leases. There is also potential for future redevelopment or conversion under permitted development rights. Offers are sought in excess of £1,400,000, reflecting an attractive net initial yield of 11.50% and a low capital value of £100 per sq ft.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
13,963 sq ft
Costar Property Class
C
Year Built
1975
Price
£1,400,000
Price per sq ft
£100.26
Yield
11.50%
NOI
£161,000
Occupancy Rate
85%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
4,778 sq ft
Plot ratio
0.57
Total Plot Size
0.56 ac
Parking
41 Spaces (2.86 Spaces per 1,000 sq ft Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Kitchen
- EPC - D
- Reception
- Storage Space
- Demised WC facilities
- Natural Light
Space Availability
- Space
- Size
- Space Use
- Fit-Out
- Available
The space compromises 1,195 sf of first floor office accommodation finished to a high standard.
The space compromises 940 sf of first floor office accommodation finished to a high standard.
| Space | Size | Space Use | Fit-Out | Available |
| 1st Floor | 1,195 sq ft | Office | Shell And Core | Now |
| 1st Floor | 940 sq ft | Office | Shell And Core | Now |
1st Floor
| Size |
| 1,195 sq ft |
| Space Use |
| Office |
| Fit-Out |
| Shell And Core |
| Available |
| Now |
1st Floor
| Size |
| 940 sq ft |
| Space Use |
| Office |
| Fit-Out |
| Shell And Core |
| Available |
| Now |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 1,195 sq ft |
| Space Use | Office |
| Fit-Out | Shell And Core |
| Available | Now |
The space compromises 1,195 sf of first floor office accommodation finished to a high standard.
1st Floor
| Size | 940 sq ft |
| Space Use | Office |
| Fit-Out | Shell And Core |
| Available | Now |
The space compromises 940 sf of first floor office accommodation finished to a high standard.
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1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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Gordon House | 3-5 Leicester St
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