Office

The Bridgewater Complex, Liverpool & Longfields Court, Barnsley

Wharncliffe Business Park, Barnsley, South Yorkshire, S71 3GN, UK

The Bridgewater Complex, Liverpool & Longfields Court, Barnsley_Property for Sale

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The Bridgewater Complex, Liverpool & Longfields Court, Barnsley 2_Property for Sale

Asset 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.

Attributes

Asking Price
$14,243,000
Building area gross
34,408 sf
Occupancy
94.00%
Year built
2000

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%
The Bridgewater Complex, Liverpool & Longfields Court, Barnsley 4_Property for Sale

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Last updated
Nov 30, 2022