Advised by B1 Real Estate, Cert Property has purchased the 27,000 sq ft Centric House in Liverpool’s Moorfields with plans in place to convert the building into flexible office space.
The four-storey building opposite Moorfields station currently provides floorplates of around 5,700 sq ft per floor, and has been purchased for £3.3m after the building’s former owner entered administration.
Cert now plans to refurbish the building to provide flexible office space ranging from 86 sq ft to more than 11,000 sq ft, charging a rate of £149 per desk for fully serviced accommodation, while it will charge £17.40/sq ft for traditionally leased space.
Howard Lord, managing director of Cert Property, said the group was “already in serious talks with potential occupiers” and said he was “confident” of announcing the first deal at the building soon.
“This acquisition fits within our strategy to create a portfolio of properties offering flexible working solutions,” he said.
“Liverpool is a vibrant city that has huge potential and a supply shortage of quality office space. Centric House is in a superb location in the city core, with Moorfields train station directly opposite and in walking distance of the historic docks. As the working world continues to evolve, we have recognised the growing demand for adaptable and serviced office accommodation.”
The building last underwent a refurbishment in 2010, when it was owned by Barclays. The bank vacated the building when it move to 20 Chapel Street and Lord Street on the edge of Liverpool One.
B1 Real Estate is the retained agent for the scheme.