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Kier House 4 Windward Dr 20,000 sq ft 4-Star Office Property Liverpool L24 8QR £4,000,000 (£200/sq ft) 8.25% Net Initial Yield



INVESTMENT HIGHLIGHTS
- 20,000 sq. ft with 60 on site car parking spaces
- Long lease expiring in 23 April 2030, with 7.5 years unexpired
- Entirely let on a FR&I lease to Kier Construction Limited
- Total passing rent of £297,175 per annum
EXECUTIVE SUMMARY
Offers in excess of £3,950,000 (Three Million Nine Hundred and Fifty Thousand Pounds) which reflects a NIY of 7.05% after full purchases costs. 250 year long leasehold interest from 1998 at a peppercorn rent.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Property Size
20,000 sq ft
Costar Property Class
B
LoopNet Rating
4 Star
Year Built
2007
Price
£4,000,000
Price per sq ft
£200
Yield
8.25%
NOI
£330,000
Tenancy
Single
Number of Floors
2
Typical Floor Size
10,000 sq ft
Plot ratio
0.46
Total Plot Size
1.00 ac
Parking
60 Spaces (3 Spaces per 1,000 sq ft Leased)
AMENITIES
- 24 Hour Access
- Controlled Access
- Fenced Lot
- Raised Floor
- Security System
- Signage
- Wheelchair Accessible
- Kitchen
- EPC - C
- Reception
- Storage Space
- Central Heating
- Demised WC facilities
- Secure Storage
- Wi-Fi
- Air Conditioning
- Smoke Detector
- On-Site Security Staff
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Kier House | 4 Windward Dr
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