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 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, OBE Ops Limited (part of Signature Living group) on a new 25 costs of 6.76% which equates to a low Located in 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 2035 £2,804,341 9.35%

2040 £3,251,000 10.84% The Shankly LANDMARK HOTEL INVESTMENT OPPORTUNITY Hotel The GROWTH OF Liverpool EXPANSION

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 offices, public open space, restaurants and transport 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, 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. PALL MALL Peel Ports has invested £400 million over the past three years constructing Liverpool2, 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 , Liverpool improvements in new business start-ups, after , 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 , 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, , 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 , 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 , the Cunard travelling to the area for short breaks and day visits. Major increase of 6.7%. Building and 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. – to almost 38,000. Bank Arena, the Royal Court and Empire Theatre. Also located along the river frontage is the ACC Liverpool, a world class Headline City region-wide figures show: • The Visitor Economy economic impact is now £3.3bn – multipurpose convention and exhibition centre. The City also a rise of 10% in the last year. • The region welcomed over 67.3m visitors to the region benefits from its proximity to a number of world renowned golf – a 5% increase from the previous year. This comprised Over the last 5 years, there has been a 28% growth in the links courses including two venues, Royal Liverpool and Royal of 61m day visitors (up 5.1%) and 5.5m staying visitors economic value of the visitor economy to the Liverpool City Birkdale which regularly host The Open Championship, the (up 3.8%). Region, rising from £3.83bn to £4.93bn – this is equivalent next one being at Royal Liverpool in 2022. to an average growth of around 5% per year. Over the same • Those staying in serviced accommodation rose by 5.9% period there has been an increase in the number of day to 2.8m – the economic impact from this alone rising and staying visitors, rising annually from 58.72m in 2014 to by 6.4% and for the first time hit over £1bn in economic 67.38m by 2018. (Source: Visitor Economy Team at Liverpool impact. City Region Local Enterprise Partnership (LEP) (2018)). The Shankly LANDMARK HOTEL INVESTMENT OPPORTUNITY Hotel COMMUNICATIONS

Liverpool benefits from excellent transport infrastructure, primarily centred on the City’s highly developed road and rail networks, both of which are extensive and provide links across the UK

Liverpool is served by the M62, M58 and The two principal bus terminals are; M57 motorways which connects the City to Queen Square bus station, providing Manchester, , Bradford and Hull. The routes north and east of the City, and M6, approximately 12 miles to the east, and Liverpool One bus station, providing M1 are also both easily accessible. services to the south and east.

The City’s primary mainline station is Liverpool John Lennon Airport is Lime Street station, which provides approximately 6 miles (9.6 km) to the south of a regular service to London Euston the City centre and is one of the UK’s fastest (2 hours 5 minutes), Manchester (32 growing regional airports with 5.3 million minutes), , Newcastle- passengers annually. Manchester Airport is upon-Tyne, Leeds and . also 35 miles (55 km) to the east of the City. The Loop system connects Liverpool to the suburbs, the Wirral and Chester.

The Port of Liverpool acts as the Global Logistics Hub for Northern UK & and is the largest west coast container port, offering air freight opportunities through Liverpool John Lennon Airport. The Shankly LANDMARK HOTEL INVESTMENT OPPORTUNITY Hotel

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TRAFALGAR DOCK RADISSON BLU

HM PASSPORT OFFICE PIER HEAD ROYAL LIVER THE PLAZA BUILDING PRINCESS MUSEUM OF DOCK LIVERPOOL CUNARD PORT OF BUILDING LIVERPOOL BUILDING A5053 LEEDS LIVERPOOL STREET JAMES STREET TOWN HALL RAILWAY STATION Z HOTEL MOORFIELDS RAILWAY STATION LIVERPOOL CROWN COURT PREMIER INN THE CAVERN CLUB DALE STREET ALBERT HOUSE STUDENT ACCOMMODATION CAVERN WALKS DOUBLE TREE SHOPPING CENTRE BY HILTON VICTORIA STREET LIVERPOOL ONE LIVERPOOL CITY COUNCIL

MET QUARTER TRAVELODGE LIVERPOOL

ST. JOHN’S The BEACON / RADIO WHITECHAPEL CITY TOWER Shankly CHURCH STREET A59 GREEN SQUARE Hotel THE BLUECOAT BUS STATION ART GALLERY

LIVERPOOL MARRIOT HOTEL ST JOHNS GARDENS ROYAL COURT THEATRE HANOVER STREET ST GEORGES HALL

CLAYTON SQUARE PARKER STREET SHOPPING CENTRE

The LIVERPOOL LIME STREET STATION Shankly LANDMARK HOTEL INVESTMENT OPPORTUNITY Hotel DESCRIPTION

Occupying an expansive former council building, months and boasts 360-degree panoramic views the hotel has been sympathetically designed to across the City with capacity for up to 1,000 guests. deliver luxury accommodation while showcasing Bill Works are also underway to install an infinity pool on Shankly-related memorabilia, historic photographs the rooftop (further details available upon request). and artwork. There are two dedicated event spaces within the The Shankly Hotel provides 125 en-suite hotel hotel; the Garden of Eden suite on the top floor can bedrooms set over seven floors, accommodating host up to 380 seated guests and 1,000 standing 568 guests. 63 of the bedrooms follow the Bill guests (by utilising the rooftop garden area). The Shankly theme whilst 62 are of a flamboyant Baby Eden room is located on the ground floor and boutique style. The rooms offer a mixture of more suited to smaller parties of up to 120 guests. bespoke one to twelve beds per room, a selection of The hotel holds two Premises Licences and Civil the larger rooms also benefit from a separate lounge Ceremonies Licenses. area. Each room benefits from en-suite bathrooms, complimentary WiFi, with the majority of rooms At part ground and part first floor levels, some having waterfall showers, spa baths, 50” smart 13,000 sq ft (1,207 sq m) has been sub-let to television’s and Bluetooth audio facilities. Liverpool City Council, t/a Lifestyles in Liverpool, and is operated as a Health and Fitness club separate The Bastion Bar & Restaurant is located on the from the hotel’s operations. ground floor and open to both residential guests and the wider public for breakfast, lunch and dinner The three storey basement provides secure car with the ability to host a maximum of 150 covers. It is parking facilities with 111 spaces and is available to a popular destination throughout the week and on both residents of the hotel and the general public 24 match days. The Garden of Eden bar and terrace on hours a day. the rooftop of the hotel is open during the summer

“Some people believe football is a matter of life and death, I am very disappointed with that attitude. I can assure you it is much, much more important than that.”

William “Bill” Shankly OBE

The Shankly LANDMARK HOTEL INVESTMENT OPPORTUNITY Hotel

10m 0 1:250 scale

1:1250

13-031 001 - PL(00)099 003 BASEMENT LEVEL 1 LEVEL BASEMENT 003 SITE PLAN SITE

Drawing title Drawing

Issue number Drawing number Job

MILLENNIUM HOUSE MILLENNIUM Job title Job

01.12.14 JPS 1:1250@A3 SB -- -- 1:250@A3 13.01.15

Client SIGNATURE LIVING SIGNATURE

Date Checked Drawn Scale SITE BOUNDARY SITE

www.blokarchitecture.co.uk

BLOK [email protected]

0151 958 0200 958 0151

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Liverpool

Albert Dock Albert

Edward Pavilion Edward

Second Floor Second PLANNING

ACCOMMODATION & FLOOR PLANS

Buchanan Bond have been provided with the following Gross Internal (GIA) Floor Areas: Area GIA Level Use Sq M Sq Ft Basement 1 Car Park 1,835 19,752 Basement 2 Car Park 1,355 14,586 Basement 3 Car Park 1,033 11,118 Ground Hotel 1,397 15,036 First Hotel 1,195 12,864 Second Hotel 1,908 20,532 Third Hotel 1,908 20,534 Fourth Hotel 1,791 19,278 Fifth Hotel 1,578 16,981 Sixth Hotel 895 9,637 Seventh Hotel 933 10,044 Total 15,827 170,362

* Please note this area excludes the Garden of Eden Terrace which totals 379 sq m (4,079 sq ft)

TYPICAL FLOOR PLANS

GROUND FLOOR Double bed FOURTH FLOOR Suite 023 34m²

Double bed Sofa

366ft² Double bed Double Suite 022 38.5m² 414ft²

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Double bed Double

Double bed Double lcony

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b e d Suite 024 Jumbo stud Slide exit to mezz Double bed 38m² deck and stair 5 409ft² Apartment 422

Bathroom Double bed Double bed Double bed CROSSHALL STREET

Block exst door Balcony Mirror Bathroom Balcony Block exst door Bathroom STAIR 2 NEW STAIR 2 Bathroom Double bed GF to 1st Fl = 30R 4th to 5th Fl = 26R J Walker Black STAIR 5 @166.6mm @168mm Double bed Sofa Apartment 421 Double bed Double bed Remove Remove STAIR 4 STAIR 3 Hot Tub 13R 8R Balcony Bathroom

Suite 025 APARTMENT 401 Double bed 47m² bed Double Apartment 423 50m² Suite 021 506ft² LIFT 4 538ft² LIFT 4 Double bed LIFT 5 LIFT 5 Double bed Double bed

(G,1-6) (G,1-6) Double bed Sofa (G,1-6) (G,1-6) FIRE FIGHTING FIRE FIGHTING Kitchendining Mirror Existing Balcony WHITECHAPEL riser Bathroom Apartment 420 Double bed Balcony Double bed Double bed Double bed Bathroom Bathroom S APARTMENT 402 of a Double bed 70m² No. of stairs in flight Suite 026 Mirror KITCHEN 753ft² Double bed Double bed subject to Lift 5 pit 42.5m² Double bed requirements 9R 457.5ft² Mirror APARTMENT 403 BOH Bathroom Double bed 42m² Disabled Refuge (CUPBOARD) Balcony 452ft² call point Sofa Double bed Double bed Double bed Double bed S ofa LIFT 3 Sofa Meeting area LIFT 3 Bathroom ACCESSIBLE (B1,G,1-4) Suite 027 Double bed (B1,G,1-4) WC Bathroom Kitchendining Kitchendining Apartment 419 Ba 69m² l c Bathroom ony FWC MWC Kitchen/dining 742ft² Apartment 404 Bathroom 33m² 355ft² LIFT 2 Double bed Double bed LIFT 2 BOH Mirror Double bed Double bed Balcony Bathroom COMMS (B1,G,1-4) Mirror (B1,G,1-4) (CUPBOARD) STAFF WCs ROOM Reception BAR STAIR 6 STORAGE Double bed LUGGAGE STORE

BAR BACK STAFF OFFICE LIFT 1 NEW Double bed Double bed Double bed BAR (G,1,2) LIFT SOFA COMMS Showers Bathroom (G-1) STORE Suite 028 Balcony Bathroom 43m² Apartment 405 Double bed HOTEL 463ft² Double bed 63m² Bathroom Bathroom LOBBY Bathroom Bathroom LIFT/STAIR LOBBY SERVICE DUCT SERVICE DUCT Mirror Mirror Mirror 678ft² SERVICE DUCT VANITY SERVICE DUCT Double bed RECEPTION Kitchen Balcony RESTAURANT/BAR Mirror Double bed Double bed Double bed Apartment 418 BOH Kitchen Double bed Bathroom Bathroom VANITY Shower area Apartment 406 Mirror 32m² Kitchendining Suite 029 Sofa Kitchendining Mirror 344ft² Kitchendining 45.6m² Kitchendining

491ft² Bathroom bed Double Mirror FEMALE WC MALE WC Mirror Seating area Bathroom Kitchendining Bathroom Suite 030 Apartment 414 48.5m² Vanity Laurent Perrier BAR 522ft²

Double bed in obeyance Double bed Double bed Column Double bed

Back bar bed Double

Double bed Double bed

Double bed Double Double bed Double bed Double Double bed Double Double bed HOTEL ACCESS + D Double bed

Double bed oubl Double bed Double bed Double bed Suite 020 Double bed FIRE ESCAPE LOBBY Disabled Refuge

Double bed e be call point up. Apartment 412 Apartment 413 Double bed Double bed d Apartment 410 Apartment 411 72m² Double bed 60m² Apartment 415 Apartment 416 Apartment 417 Double bed Double bed Column 72m² 73m² 775ft² Double bed Laurent Perrier WAITING LOUNGE WAITING LOUNGE Double bed Double bed 645ft² Double bed 775ft² 785ft² Rose STAIR 10 Mirror STAIR 1 Apartment 407 Double bed Bathroom STAIR 8 Wedding suite Double bed Double bed Double bed Double bed Double bed 80m² Disabled Refuge Double bed up Apartment 409 Double bed call point Double bed Double bed 861ft² FUNCTION ROOM Hot tub Bathroom Double bed 36m² LOBBY 129.5m² Reception 387ft² Suite 032 Suite 031 APARTMENT 408 LIFT 6 29m² 23.9m² 23m² (B1,G,1-6) 312ft² 257ft² 247ft² Sofa Sofa Sofa Sofa Sofa Sofa Sofa Sofa Column (FIRE) MOE Basement level 1

STORE Balcony Balcony Balcony Balcony Balcony Balcony Balcony Balcony

GYM MAIN AND HOTEL ACCESS ACCESSIBLE FIRE ENTRANCE ESCAPE (Victoria Street)

PUBLIC FOOTPATH

MAIN ENTRANCE FOR HOTEL, SIGNATURE CORE AND 5TH FLOOR EXTENSION Not to scale. For identification only. The VICTORIA STREET Shankly LANDMARK HOTEL INVESTMENT OPPORTUNITY Hotel LIVERPOOL HOTEL MARKET OVERVIEW

Liverpool is now a UK hotspot for hotel investment with a new index putting it in the top three UK cities thanks to rising room occupancy and revenue-per-room (RevPar).

Liverpool came third in the Colliers’ UK Hotel Market 2019 Index behind only Edinburgh and and rising from eighth. The City was ranked fourth for occupancy, behind only London, Edinburgh and Oxford, with a rate of 81.8%, up from 78.7% in 2017-18.

It ranked number one for RevPar with average annual growth of 7.3 per cent in revenue per available room over the past four years, higher than Edinburgh, Belfast, Birmingham and Plymouth. In terms of costs of development Liverpool was third, coming behind Edinburgh and .

In 2008, the year when Liverpool was European Capital of Culture, the City was home to 37 hotels, providing 3,726 rooms. Hundreds of millions of pounds have been invested into the sector since then and the City now boasts almost 70 City centre hotels/apart hotels and guest houses.

TOP 5 OCCUPANCY %

The graph below shows the top 5 markets that recorded the highest occupancy rates in 2018. London 83.3% Shankly Hotel 94% York 81.4% Oxford 82.6% Edinburgh 82.9% Liverpool 81.8%

1.50% -0.70% 0.30% 3.10% 0.60% (y-o-y)

The Shankly LANDMARK HOTEL INVESTMENT OPPORTUNITY Hotel COVENANT

Signature Living are an independent hotel group, in place over the next 5 years to take their concepts to other customers to the venues. The property will be let to The headquartered in Liverpool, who own and operate four locations across the UK including, Manchester, Glasgow, Shankly Hotel Liverpool Ops Limited which forms part of the hotels in the City, of which the Shankly is the flagship. The Newcastle, London and Birmingham. Signature Living’s Signature Living Group. The summary financial figures for group has a further five sites in their development pipeline occupancy levels run far above average in any one area. In this company are as follows; within Liverpool and the wider North West region. Liverpool they consistently run at over 87% occupancy which significantly exceeds the rest of the market. The group also The group has grown rapidly since its inception in 2008, occupies three of the top five spots for Hotels in Liverpool on For further information please visit from offering serviced apartments in key central positions TripAdvisor, ranked by traveller rating. www.signatureliving.co.uk within Liverpool to successfully operating large stand-alone boutique / themed hotels, having taken advantage of a gap Signature Living boasts a strong online presence to ensure The Shankly Hotel 31/03/2020* 31/03/2019 31/03/2018 in the market through a combination of their flair for interior an effective and up-to-date marketing strategy and have Liverpool Ops Limited (000’s) (000’s) (000’s) design and the provision of accommodation suitable for successfully created a “virtual ecosystem” around the groups, families and couples. business to attract guests using a combination of social Turnover £9,870 £8,783 £7,703 media platforms, SEO, and blogging to bring the stories, This approach has enabled the group to become the largest EBITDA £3,966 £2,924 £1,485 buildings and locations to life. Signature Living has in hotel/ apart-hotel operator in Liverpool whilst consciously excess of 500,000 followers across their wider online *9 months actual and 3 month forecasts for y/e 31/03/2020 deviating from the mainstream hotel sector’s corporate community and this ‘social beacon’ approach has proved to operational model and instead providing a unique and highly be extremely profitable in attracting both new and returning personalised experience for all guests. Expansion plans are

The Shankly LANDMARK HOTEL INVESTMENT OPPORTUNITY Hotel TENURE VAT PROPOSAL Freehold. VAT is not applicable. Offers sought in excess of £28,100,000 subject to contract and exclusive of VAT which reflects a Net Initial Yield of TENANCY CAPITAL ALLOWANCES 6.00%, subject to standard purchaser’s costs of 6.76% which equates to a low capital value of £165 psf. The property will be let in its entirety to The Shankly Hotel There are unclaimed Capital Allowances which could be Liverpool Ops Limited (company number: 09972017), on a made available. Further details are available upon request. Assuming modest 3.00% pa uplifts, this would reflect: new full repairing and insuring (FRI) lease for a unbroken term of 25 years from the completion date of the purchase. SPV Date Rent (p.a.) NIY The passing rent is to be £1,800,000 per annum, subject to 5 The property is held within a Single Purpose Vehicle (SPV) yearly rent reviews linked to the Retail Price Index (RPI) with which is available, further information upon request. 2025 £2,086,693 6.96% a collar and cap of 1% and 4% (compounded annually).

DATA ROOM 2030 £2,419,049 8.06% LICENSE There is an online data room which contains the following: The hotel holds two Premises Licenses and Civil Ceremonies 2035 £2,804,341 9.35% Floor Plans // EPC // Legal documentation Licenses. Capital allowances // Planning information Covenant Information 2040 £3,251,000 10.84% EPC

The property has an Energy Performance Certificate rating of B35. A copy of the certificate is available upon request.

CONTACT

Steven Pollack MRICS Oliver Taylor MRICS Jonathan Skerry MRICS 3-5 Barrett Street +44 (0) 20 7042 6002 +44 (0) 20 7042 6001 +44 (0) 20 7042 6004 St Christopher’s Place +44 (0) 7530 424 019 +44 (0) 7773 773 790 +44 (0) 7736 300 594 London W1U 1AY [email protected] [email protected] [email protected] www.buchananbond.com

MISREPRESENTATION ACT 1967 & DECLARATION Buchanan Bond Real Estate Limited, for themselves and for the vendors of this property whose agents they are, give notice that: i) The particulars are set out as a general outline only for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract. ii) All descriptions, dimensions, references to condition and necessary permission for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact and must satisfy themselves by inspection or otherwise as to the correctness of each of them. iii) No person in the employment of Buchanan Bond Real Estate Limited has any authority to make or give any representation or warranty in relation to this property. Designed and produced by Creativeworld. T: 01282 858200. February 2020.