Acting on behalf of our clients Columbia Threadneedle, Metis have sold a prime high street and office retail holding for approximately £9.9m, reflecting a net initial yield of approximately 7.00%.
The property occupies a prominent location in Lord Street, a westley continuation of prime Church Street, opposite one of the entrances to Liverpool One.
The five storey commercial building was constructed in the early 1950’s and totals approximately 40,000 sq.ft. It comprises six ground floor shops, which are fully let to Santander, Pound Bakery, Wilkinson Cameras, Subway, Greggs and Wrap it Up and four upper floors offices. The offices are split into a variety of suites and are approximately 90% let.