Charity seeks £3m for Liverpool HQ

Liverpool Charity and Voluntary Services is selling 151 Dale Street, which offers the potential for vacant possession in the short term.

LCVS has appointed agency Fisher German to market the 38,000 sq ft Liverpool office building for sale at a £3m guide price.

Located at the top of Dale Street and the corner of Fontenoy Street, the building generates £198,000 a year in rent and has an estimated rental value of £445,000, reflecting a reversionary yield of 13.94%, according to Fisher German.

LCVS bought 151 Dale Street for £4.8m in 2008 and occupies just shy of 7,000 sq ft. Overall, the building is less than half full and offers asset management potential.

Adam Fleming, senior surveyor at Fisher German, said: “Opportunities to acquire a building of this scale and character in such a central Liverpool location are few and far between. There is a real sense of presence about the property that you simply cannot replicate with modern development.

“The property also offers a lot of flexibility. Whether an investor is looking to enhance the existing income profile or explore a wider repositioning, there is a huge amount of potential to unlock here. It is an exciting moment to bring something like this to the market.”