An 80,800 sq ft office in Liverpool city centre let in its entirety to HM Revenue & Customs is being brought to market with a £7.4m price tag, which would represent a net initial yield of 8%.
Regian House is a 10-storey 1970s office in James Street near to Liverpool’s office core.
HMRC is also the owner of the building, and has fully occupied the property since the 1970s, with a lease until 2026.
HMRC recently relocated 600 staff into the building following the vacation of Queens Dock, which was sold to Moorfield Group and Glenbrook Property last summer.
The lease to HMRC brings in a rent of £626,500 a year.
Knight Frank is the investment agent for Regian House.