Office

The Bridgewater Complex, Liverpool & Longfields Court, Barnsley

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I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area Semi-Gross
Occupancy 94.0 %

Portfolio description

High yielding, reversionary office & industrial investment opportunity comprising two assets sitting in close proximity to major population hubs in Liverpool and Sheffield. Let to a diverse mix of public and private sector tenants with a combined average occupancy level of 96% over the last 2 years.


The Bridgewater Complex has 34% of the income secured against the NHS and the Ministry of Justice with the latter taking a new 15 year lease (subject to completion of the letting) with no break and upwards only 5 yearly rent reviews linked to CPI.


Highly reversionary investment with an estimated combined rental value of £1,321,245 per annum.

Investment Highlights

  • Two self-contained, multi-let assets in Bootle, Liverpool and Barnsley, South Yorkshire
  • Offering a mix of refurbished, good quality industrial and office space
  • Providing a total of 71,956 sq ft across 116 units and suites
  • Highly reversionary with a low average passing rent
  • Combined average occupancy level of 96% over the last 2 years
  • The Bridgewater Complex is currently fully let
  • Sefton House, part of The Bridgewater Complex, is set to be let to the Ministry of Justice on a new 15 year lease with no break option, with upwards only 5 yearly, CPI-linked rent reviews (capped at 5%)
  • Total combined annual rent of £1,193,648 per annum
  • Combined triple-net income of £907,702 per annum
  • Seeking offers in excess of £11,585,000 for the purchase of both assets subject to contract and exclusive of VAT
  • Net Initial Yield - 9.66%
  • Combined Triple Net Yield - 7.34%
  • Estimated Combined Reversionary Yield - 10.69%

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The Bridgewater Complex, Liverpool & Longfields Court, Barnsley (2 Properties)
Longfields Court
Barnsley, South Yorkshire, United Kingdom
Bridgewater Complex
Liverpool, Merseyside, United Kingdom
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Last Updated Date: 20 Jul 2022

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