Huyton warehouse, BRE, P, Inform Communications

B8RE has handled the sale of a 94,000 sq ft warehous ein Huyton let to Liverpool FC. Credit: via Inform Communications

Sale sealed for 94,000 sq ft shed rented by Liverpool FC

An unnamed buyer, described as an institutional investor, has snapped up the warehouse in Huyton with B8RE acting on behalf of Swiss Life Asset Managers UK.

Leo Nicholson of Gerald Eve acted on behalf of the purchaser who wishes to remain undisclosed.

The 94,000 sq ft logistics facility, single let to Liverpool FC, benefits from a term of more than four years at a rent reflecting just more than £5 per sq ft and offering good reversion, so that when the lease comes to an end there is potential for future growth.

The asset attracted strong interest according to B8RE, with the deal sealed after two rounds of competitive bidding and has achieved a sum above the quoted price of £6.78m.

John Burrows, investment director at B8RE said: “Having advised on the acquisition of the asset in 2016, B8RE are delighted to have remained involved throughout the client’s ownership, cumulating in the successful disposal at a premium to our quoting price.

“The strong interest generated demonstrates that significant investor demand remains for well specified assets, let to strong covenants in core locations.

“This is exacerbated by the current lack of industrial investment stock available within the market, restricting the opportunities available to investors.”

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Is that the one Jurgen used to store his teeth whitener.

By Anonymous

@Anonymous 1:51 – Nah, it’s where all the asthma inhalers were kept.

By Anonymous

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