HIGH YIELDING FREEHOLD CITY CENTRE OFFICE INVESTMENT Graeme House WITH REFURBISHMENT / REDEVELOPMENT OPPORTUNITIES Derby Square Liverpool L2 7XS Graeme House Derby Square Liverpool, L2 7XS Investment Summary • Liverpool is the Uk’s 5th largest City forming part of the Northern Powerhouse and the 2nd largest regional economy. • Situated in the heart of the city centre fronting Derby Square. • The property offers 87,002 sq ft together with 58 car parking spaces on a site of 0.72 acres. • Designed in an L-shape the building offers flexible letting options from whole floors to small suites. • Freehold. • The property is multi let to 17 tenants currently producing:- Gross income - £1,177,306 Landlord costs - £149,634 Triple Net income - £1,027,672 • 10,386 sq ft together with 23 car spaces currently vacant. • Highly reversionary asset with an estimated rental value when fully let in excess of £1,537,025 pa. • 56% of the income is secured against Secretary of State who have just agreed short term extension on their lease until June 2022 (lease outside the 1954 Act) when they will vacate to their new ‘Regional Hub’ within Liverpool. • Major office refurbishment opportunity once the Government vacate. • Excellent redevelopment opportunity for a mixed use, hotel or residential scheme. OFFERS IN EXCESS OF £11,000,000 (ELEVEN MILLION POUNDS) SUBJECT TO CONTRACT REFLECTING • Gross Initial Yield - 10% • Net Initial Yield - 8.75% • Yield on letting of the vacant space - 11.14% • Following refurbishment of HMRC Space - 12% subject to contract and net of purchasers costs of 6.7% CGI IMAGE one of the city’s most exciting refurbishment/ redevelopment opportunities with potential for vacant possession in 2022 1 Royal Albert Dock 13 Ferry Stop 2 Museum of Liverpool 14 Law Courts 3 Hilton Hotel 15 India Buildings 19 4 Chavasse Park 16 Town Hall 12 5 John Lewis 17 Exchange Flags 6 Travelodge 18 Crowne Plaza 18 7 New Proposed Hotel 19 Malmaison 11 20 8 James Street Station 20 St Paul’s Square 13 9 The Port of Liverpool Building 21 Moorfields Station 10 10 Cunard Building 17 11 Royal Liver Buildings 15 12 Cruise Terminal 9 2 21 16 8 7 6 1 14 4 3 LIVERPOOL ONE 5 Graeme House Derby Square Liverpool, L2 7XS Liverpool – a dynamic City Liverpool is the UK’s 5th largest City and the The city has world class academic and medical commercial and administrative centre of the larger institutions which underpin its large student Merseyside area. It is located 212 miles North West population estimated at over 50,000 full time of London, 98 miles North West of Birmingham and students making the UK’s 3rd largest establishment. 35 miles West of Manchester and has a population The City boasts a high retention of qualified of circa 500,000. students who chose to live in the City post qualification providing an important pool of talent The City is an important economic centre and, for employers. along with Manchester, forms the backbone of the ‘Northern Powerhouse’. The North West is the The City is an UK’s second largest regional economy and is worth more than £149bn. important economic The City has a diverse economy with companies centre and, along ranging from financial and legal services, medical with Manchester, research, major retailers and the automotive industry. In addition Liverpool is an important forms the backbone centre for public administration having offices of the ‘Northern of several government departments and non- Powerhouse’. departmental public bodies, in addition to local government agencies. Agencies such as HM Liverpool is a Unesco World Heritage site which Passport Office, Criminal Records Bureau, and acts as a major drive for tourism which combined Her Majesty’s Revenue and Customs (HMRC) have with the cities maritime and musical links, offices in the city. HMRC are due to take occupation numerous museums and galleries together with of India Buildings once the refurbishment is its sporting heritage means the region attracts an complete being one of their regional hubs where estimated 63 million visitors per annum. It was the over 3,500 people will be located. fifth most visited city in the UK by overseas visitors in 2019 and tourism is worth £4.5bn to the local Major employers include Astra Zeneca, Sony, economy. Cargill, Investec, Rathbone, Jaguar Land Rover, Santander, Tate and Lyle Unilever, B&M and Liverpool’s retail offer is diverse with both Home Bargains. independents along with six large shopping centres including the highly successful Liverpool One. Graeme House Derby Square Liverpool, L2 7XS hours journey Connectivity time to london Liverpool has excellent transport links with direct access to Liverpool John Lennon Airport is situated 6 miles south ABERDEEN major the M62, M57 and M53 motorways leading to the national east of the city centre and has established itself as one of airports motorway network. The M62 lies 4.5 miles east, accessed by the UK and Europe’s fastest growing airports. The airport within 45 the A5047 from the city centre, providing direct access to handles over 3.5m passengers offering flights to over 60 the M57 to North Merseyside, the M58 to Wigan and to the destinations. Manchester Airport, the UK’s third largest mins drive M6, the backbone of Britain’s motorway network. The Wirral airport which handles more than 27m passengers a year, is M9 GLASGOW is also easily reached from the city centre via the Kingsway only 36 miles east of Liverpool city centre. It is home to 70 M8 EDINBURGH (Wallasey) and Queensway (Birkenhead) tunnels leading to airlines offering direct flights from Manchester to over 210 the M53, which serves Chester to the south. destinations worldwide. A74(M) NEWCASTLE NORWAY FINLAND GERMANY LONDONDERRY CARLISLE SWITZERLAND AUSTRIA Liverpool benefits from an extensive railway network with Liverpool is a city built on maritime heritage and world BELFAST M6 A1(M) fast and regular services to major UK destinations. Liverpool trade influences since the 1700’s. The shipping industry Lime Street Station provides mainline service connections to is still of major importance to the city with the port LEEDS NETHERLANDS YORK LITHUANIA all major UK towns and cities with Manchester 32 minutes, being one of UK’s busiest container ports handling over CZECH REPUBLIC M62 BULGARIA London Euston just over 2 hours away with trains departing 1m containers every year. The new deep water port at LIVERPOOL MANCHESTER hourly. The station is currently undergoing a £340m Liverpool2 has strengthened the cities importance for DUBLIN HS2 PHASE 2 SHEFFIELD investment upgrade to enable it to double the number of container shipping. HS2 PHASE 2 NOTTINGHAM travellers. Later phases of HS2 will provide faster connections M1 Mersey Ferries operate direct cross river services 7 days M6 CHINA to London and the rest of the UK. NORWICH MIDDLE EAST a week between Pier Head (5 minutes from the property) AFRICA BIRMINGHAM Liverpool also benefits from the Merseyrail Loop system and Seacombe Wirral with a journey time of 10 minutes. MILTON HS2 PHASE 2 which links Lime Street Station to Moorfields, Central and CORK KEYNES IPSWICH M6 M1 M11 James Street Stations, (5 minutes from the property), The cruise terminal at Princess Dock received over 60 M5 A1(M) connecting the city centre to the Merseyside suburbs in cruise ships last year bringing over 100,000 passengers to CARDIFF LONDON addition to the Wirral and Chester. the city. Approval for a £50m upgrade of the facility has M4 READING M4 been approved and construction has started. USA BRISTOL CANADA M3 M25 M20 DOVER MEXICO CARIBBEAN M5 SOUTHAMPTON BRIGHTON NEWQUAY IBIZA CHANNEL ISLANDS ITALY FRANCE HUNGARY The Citybike scheme offers over 1.000 bikes for hire SPAIN CROATIA PORTUGAL GREECE around the city from 140 docking stations. CANARY ISLANDS MALTO MOROCCO TURKEY CYPRUS GREAT HOWARDS ST WATERLOO RD KINGSWAY Graeme House Derby Square Liverpool, L2 7XS A59 PALL MALL VAUXHALL RD RICHMOND ROW KINGSWAY TUNNEL BYRON ST BYRON ST ANNE ST Situation A57 A565 WATERLOO QUAY A5036 LEEDS ST Graeme House is situated in the heart of Liverpool City Centre overlooking Derby Square at the centre of which is the famous Queen Victoria memorial. The property sits between PALL MALL the highly successful Liverpool ONE retail and leisure K EAST ST BATH ST I A580 complex, The Queen Elizabeth Law Courts and Castle Street N HATTONGR GDNCROSSHALL ST HUNTER ST G OLD LEEDS ST which connects to the city’s commercial business district. E D W BROOKOLD ST HALL ST BIXETH ST A R The property sits between D LONDON RD Moorfields A5047 S TITHEBARN ST T DALE ST the highly successful ST JOHNS LN Liverpool ONE retail and leisure complex, The Queen LIME ST PRINCES QUEENSWAY Lime Street Elizabeth Law Courts and DOCK CHAPEL ST VICTORIA ST LIME ST CASTLE ST THE STRAND Castle Street 5 MINS WALK WATER ST Derby Square is ideally placed being within a minute’s walk ROYAL of James Street underground station, which links to mainline LIVER 10 MINS WALK BUILDING James Street A5038 and regional rail networks at Lime Street Station. DERBY BROWNLOW HILL SQUARE Nearby occupiers include Brabners, DLA Piper, Blue Arrow, JAMES ST THE QUEEN ELIZABETH Jackson Cantor, Lloyds Bank together with a host of retail, LAW COURTS RENSHAW ST Central restaurants, coffee shops and bars. CHAVASSE A5036 PARK HANOVER STREET DUKE STREET LEECE ST STRAND ST ROYAL ALBERT LIVER ST QUEENSWAY TUNNEL MERSEY TUNNEL DOCK BERRY ST A41 A5038 Description Graeme House has accommodation at lower ground, ground and 6 upper floors. Developed in an L shape the steel framed building has brick and glazed elevations offering efficient floor plates for occupiers.