Delta Properties has sold Regian House, an 80,800 sq ft office building occupied by HMRC, to Autumn Properties, a South African find, for £7.9m, reflecting a net initial yield of 7.49%.
The James Street block covers nine floors, fully let to HM Revenue & Customs until 1 April 2026. The taxman has been tenant in the building since it was completed in the 1970s.
Knight Frank acted for vendors Delta Properties. Steve Carrick, investment partner at Knight Frank, said: “There has been a limited number of investment opportunities in Liverpool in recent years, but demand is increasingly competitive as investors start to look outside of Manchester for their returns.
“As a result, Regian House was a very attractive proposition, which resulted in several offers and the property selling for £500,000 more than the asking price.”