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BB-Shankly-Hotel Final The Shankly MILLENNIUM HOUSE 60 VICTORIA STREET HotelLIVERPOOL | L1 6JD INVESTMENT SUMMARY Liverpool is the 6th largest urban area in the UK (2018) The building provides hotel accommodation of 125 Offers sought in excess of £28,100,000 bedrooms, bar & restaurant, two event suites (1,120 max. A rare opportunity to purchase a prime, long income hotel; subject to contract and exclusive of delegates), two rooftop terraces, a modern gymnasium and situated in the heart of Liverpool secure underground car parking with 111 spaces VAT which reflects a Net Initial Yield of Named after the legendary Liverpool football player and The property is to be let to The Shankly Hotel Liverpool 6.00%, subject to standard purchaser’s manager, Bill Shankly OBE Ops Limited (part of Signature Living group) on a new 25 costs of 6.76% which equates to a low Located in Liverpool City centre on Victoria Street just year FRI lease from the date of completion at a commencing capital value of £165 psf. moments from a plethora of leisure, retail, corporate and rent of £1,800,000 per annum exclusive transport terminals Assuming modest 3.00% pa uplifts, this would reflect: The lease will be subject to 5 yearly rent reviews linked to Situated on a Freehold island site within the Liverpool the Retail Price Index (RPI) with a collar and cap of 1% and Date Rent (p.a.) Reversionary Yield Maritime Mercantile UNESCO World Heritage Site 4% (compounded annually) 2025 £2,086,693 6.96% The property is arranged over three basement levels; ground and first to seventh floors across a total GIA of 170,362 sq ft 2030 £2,419,049 8.06% (15,827 sq m) excluding roof terrace 2035 £2,804,341 9.35% 2040 £3,251,000 10.84% The Shankly LANDMARK HOTEL INVESTMENT OPPORTUNITY Hotel The GROWTH OF Liverpool LIVERPOOL ONE ANFIELD EXPANSION GOODISON PARK Liverpool ONE is a shopping, residential and leisure Liverpool Football Club has announced plans for a £60m The site which will potentially be left by Everton Football complex which involved the redevelopment of 42 acres expansion of the Anfield Road stand that will raise the Anfield Club has been considered for a wide array of alternative (170,000 sq m) of land in Liverpool City centre. It is a retail- grounds capacity above 61,000 people. The designs are uses including housing, health centres and community led development including some 170 stores, with additional currently at a Public Consultation stage. facilities. The surrounding area is the subject of a council- elements including leisure facilities (anchored by a 14-screen backed fund. Odeon cinema and adventure golf centre), apartments, BRAMLEY-MOORE DOCK STADIUM offices, public open space, restaurants and transport LIVERPOOL WATERS improvements. The cost of construction associated with the project was £500 million, with a total investment value of The Bramley-Moore Dock Stadium is a proposed football £920 million. stadium by Everton on the Bramley-Moore Dock in Vauxhall, After acquiring The Mersey Docks and Harbour Company in Liverpool. The dock itself was built in 1848 and it is hoped 2006, The Peel Group set to work on Liverpool Waters, an that the stadium is to be opened in time for the start of the ambitious 30-year vision to comprehensively transform the M&S BANK ARENA 2023/24 football season. City’s northern docks. Regenerating a 60-hectare stretch to create a world-class, high-quality, mixed-use waterfront quarter in central Liverpool and bringing life back to the Previously known as the Echo Arena, in its first year (2014) historic docklands. under the new branding of M&S Bank Arena, the 11,000 seater arena attracted more than 618,000 visitors to 269 events across the event campus, generating an economic impact of £207million to the City region. “Liverpool was made for me and I was made for Liverpool” William “Bill” Shankly OBE The Shankly LANDMARK HOTEL INVESTMENT OPPORTUNITY Hotel UPPER CENTRAL CRUISE LINER TERMINAL Upper Central is a newly branded area of The landmark cruise terminal will span Liverpool, with potential to create 230,000 10,000 sq m across two floors with a sq m. of new development space creating baggage hall on the ground floor and an estimated 7,000 jobs over the coming check-in, the passenger lounge and a café decade. on the first floor. The proposals also include new public open space and hard and soft Covering 56 acres in the heart of Liverpool landscaping. Site preparation works are City centre – the area is to be the subject of expected to start at the beginning of 2020, a draft masterplan to create an international at a projected cost of £50 million. standard gateway site to a £2bn flagship regeneration scheme. LIVERPOOL2 PALL MALL Peel Ports has invested £400 million over the past three years constructing Liverpool2, Liverpool City Council acquired the 3 acre to expand the UK’s largest transatlantic port site in 2016 to boost the City’s commercial and create one of Europe’s most advanced district with much needed Grade A office container terminals. As one of the most space. The site would connect to St Paul’s modern terminals in Northern Europe, it Square, which underwent a £120 million is capable of accommodating the world’s development in 2011 and is now home to largest container vessels, future-proofing major companies such as Atos, DWF, Hill the facility to allow global shippers ‘ship-to- Dickinson, US Airways, Bosch, Investec, door’ access to major import and centres at Maersk, Santander and Weightmans. the heart of the UK. “A football team is like a piano. You need eight men to carry it and three who can play the damn thing” William “Bill” Shankly OBE The Shankly LANDMARK HOTEL INVESTMENT OPPORTUNITY Hotel GARDEN OF EDEN TERRACE CITY OVERVIEW Liverpool is the 6th largest City in the UK of countless actors and actresses, artists, The City is also home to four universities; Liverpool has seen significantly greater and 2nd largest in the North West region, comedians, journalists, novelists, poets, The University of Liverpool, Liverpool improvements in new business start-ups, after Manchester, with a metropolitan and sportspeople. The City has the second John Moore’s University, Liverpool Hope income distribution and unemployment population over 2.2 million. highest number of art galleries, national University and Sir Paul McCartney’s rates since 2005-07 compared to the UK museums, and listed buildings in the UK; Liverpool Institute of Performing Arts; average. Liverpool has also experienced Given its location on the Mersey Estuary, only the capital, London, has more. producing around 18,000 graduates each above average improvements in the skills of the City has historically acted as one of year and an annual student population of both 16-24 and 25-64 year olds, in housing the UK’s most prominent ports. The City is The City has undergone a major resurgence approximately 50,000. affordability, and also in terms of falling closely associated with the arts, particularly since being awarded European Capital of carbon emissions. (Good Growth for Cities, music; the popularity of the Beatles, who Culture in 2008, with investment of over PwC Report 2019) are regarded as the most influential band in £3billion in construction and infrastructure history, contributed to the City’s status as a projects. The City is home to a new major tourist destination. Since then, the City has ferry terminal at Pier Head, accepting up continued to produce hundreds of notable to 40 cruise ships per year, and Liverpool’s musical acts—musicians from Liverpool have John Lennon Airport, 6 miles (9.6 km) south produced 56 No. 1 hit singles, more than east, one of the UK and Europe’s fastest any other City in the world. Liverpool also growing Airports providing flights to over 60 has a long-standing reputation as the origin different locations. The Shankly LANDMARK HOTEL INVESTMENT OPPORTUNITY Hotel LIVERPOOL AS A TOURIST DESTINATION Liverpool is a popular City, full of rich history and culture. It’s The overall growth experienced by the City region reflects • Consequently, the region has enjoyed increased home to a six-area UNESCO World Heritage Site containing the importance of the domestic market in terms and those employment in the sector – over 57,000 jobs, an the iconic Three Graces: the Royal Liver Building, the Cunard travelling to the area for short breaks and day visits. Major increase of 6.7%. Building and Port of Liverpool Building. Liverpool is the fifth events such as the Terracotta Warriors and the wider City For Liverpool City alone: most visited City in the UK attracting over 67 million visitors Region events programme including Tall Ships Regatta and annually and was voted as the UK’s third most popular Giants Spectacular, both staged in Wirral and Liverpool, have • A 7.4% increase in visitor numbers – up to 38m. destination in Trip Advisors 2019 Traveller’s Choice awards. made a significant impact in attracting these audiences over • A 5% increase in the number of staying visitors (2.7m). a sustained period of time. Added to this the increase in The City hosts a range of major sporting events including the Including a 6% increase in serviced accommodation supply of hotel stock across Liverpool over the last 5 years Grand National and benefits from two established Premier days. and that average occupancy levels across 2018 were more League football clubs. As a popular leisure destination than 3% higher than 2017, as was the average day rate for a • The wider benefit of this growth is the 8.4% rise in jobs Liverpool has a range of events venues including the M&S hotel room, have also had a big impact on growth.
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