Agents at Keppie Massie instructed to find a buyer for a Liverpool city region office building with a price tag of £500,000 and offering a high rental yield. Tony McDonough reports
Agents at Keppie Massie are reporting expressions of interest from potential investors and occupiers for an office building in Prescot.
13A Tiger Court is located at Kings Business Park and comprises £3,500 sq ft of refurbished open-plan workspaces across two floors. It is now on the market with Keppie Massie at offers of more than £500,000.
Ground floor is occupied by a long-term tenant, while the first floor, which includes an additional breakout space and balcony, is available either for an owner-occupier or to let.
When fully occupied, the building is expected to return a net yield (annual rental income as a percentage of capital value) of 9%.
Kings Business Park is located on the outskirts of Prescot, near to Junction 2 of the M57 motorway, It offers a landscaped setting including a lake. Adjacent developments include amenities such as Starbucks, Greggs and Subway outlets.
Tim Garnett, director at Keppie Massie, said: “Tiger Court sits at the heart of Kings Business Park, one of the most attractive commercial locations in the area, located next to a popular town and within easy reach of the motorway network.
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“This combination of factors makes it a highly appealing proposition for occupiers and allows the property to maintain a high level of rent.
“With a reliable tenant on the ground floor, and the first floor fully available, this building offers a range of options for investors to achieve a strong yield and also for businesses seeking new premises in a prime location.”