Office for sale in 14-20 Pall Mall, Liverpool L3

Guide price £1,300,000 (£126.42/sq. ft)
Office for sale 10,283 sq. ft*
Interested in this property? Call +44 151 382 8205 * or Request Details

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Property description

Location


Moffat House fronts Pall Mall, approximately 100 metres from its junction with Tithebarn Street, in a vibrant mixed use area of Liverpool city centre. There are a range of office, residential and commercial uses in the immediate vicinity.

The property is adjacent to Liverpool’s prime office core and is directly opposite a cleared 3 acre site on the south western side of Pall Mall scheduled for a £200m development scheme. In October 2019 developers of the site obtained planning permission for a 112,000 sq ft office building, a 281 bedroom hotel, public realm works and two further office buildings.


Description


Moffat House comprises a multi-level office building arranged over basement, ground and five upper floors. The ground floor provides approximately 8 secure car parking spaces and upper floors 1-5 are fitted out as offices served by a ground floor reception and 8 person passenger lift. The office specification includes suspended ceilings, Cat 2 lighting and oil fired central heating.


Investment summary


• Freehold, multi let city centre investment opportunity.
• 10,283 sq ft (955.31 sq m) over basement, ground and five upper floors.
• Prominent position fronting Pall Mall, adjacent to the existing prime office core and directly opposite a strategic commercial development site.
• Opportunities for owner occupation, active management or conversion to other uses including residential/student accommodation subject to statutory consents.
• Current income of £129,581 per annum exclusive from leases expiring on 31st March 2021.
• Seeking offers in excess of £1,300,000 for the freehold interest (£126 per sq ft).


Planning


Planning application ref 05F/0602 for conversion of the property to 14 apartments was granted on 23rd February 2005 but not implemented. Further details are available on request.


EPC


EPC certificates are availble upon request.


VAT


The property is not subject to an election to waive exemption from VAT and accordingly VAT will not be payable on the purchase price.


Proposal


We are instructed to seek offers in excess of £1,300,000 for the freehold interest in the building. A sale at this level reflects a capital value of £126 per sq ft.


Anti-money laundering regulations


N accordance with Anti-Money Laundering Regulations two forms of identification and confirmation of the source of funding will be required from a successful purchaser.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Mason Partners LLP, L2 on +44 151 382 8205 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Mason Partners LLP, and do not constitute property particulars. Please contact Mason Partners LLP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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