Investment.

Liverpool.

59-61 Church Street & 1-3 Parker Street, L1 1DJ

Map View

Status.

Sold on 30/05/2022

Accommodation.

See attached brochure.

Price.

£1,600,000 (Subject to Contract and Exclusive VAT)

Location.

Liverpool is a major retail and commercial destination and port within the UK’s north-west as well as being a popular and historic tourist attraction. The city is situated approximately 34 miles (55km) west of Manchester, 18 miles (29km) north of Chester and circa 220 miles (354km) north-west of London.

The premises occupy a prime and prominent corner position on the pedestrianised Church Street’s junction with Parker Street. The property adjoins both TK Maxx and Ernest Jones, is opposite Primark and in the immediate proximity of both Superdrug and the new Flannels department store. Clayton Square Shopping Centre is also located opposite.

The property forms part of an attractive terrace and comprises a substantial, six storey building, divided into two retail units with 59/61 Church Street arranged over ground, basement, first to fifth floors and 1-3 Parker Street arranged over ground and basement. The property is serviced to the rear via Leigh Place

Description.

Liverpool has a city population of circa 500,500 (ONS Estimate 2020) which is projected to grow to 531,000 by 2030. This is further boosted by the presence of Liverpool’s three universities adding a further 60,000+ students and contributing over £300m to the city’s economy. The wider Liverpool City Region has an estimated 1.5 million residents, with almost 900,000 being between the age of 16-60 years old. In this wider functional area, the catchment increases to 2.5 million people, of which 1.4 million are of working age (Invest Liverpool). Liverpool is the fastest growing UK city outside of London.

Tourism also provides a significant boost to Liverpool with the value of the visitor economy in 2019 (pre COVID) totalling £3.35billion. The city saw a 7.4% increase in visitor numbers to 38m and a 5% increase in the number of staying visitors (2.7m). The wider benefit of this growth is the 8.4% rise in jobs which totals circa 38,000. In 2019 Liverpool was the 5th most visited city in the UK for international visitors and 4th in England for domestic visitors (IPS/GBIS 2019).

With Liverpool’s GDP estimated at £14.85m in March 2021 (Liverpool City Council) the city and environs are home to a number of significant companies including Jaguar Land Rover, Unilever, Pilkington, Cammell Laird, AstraZeneca and Orsted. The city region is also one of the UK’s leading financial and wealth management centres hosting key facilities for Santander, Barclaycard, Handelsbanken, RSA, Bibby Financial Services, Pershing (subsidiary of The Bank of New York Mellon Corporation) and Investec Wealth and Investment, as well as Rathbones Investment Management who employ more than 700 people in the city.

Rent.

£220,575.00 per annum exclusive

Tenure.

Lease

Yield.

4.6 years to expiry.

Share.

All viewings are strictly by prior appointment.

David Freeman.

Partner | Investment

Ed Smith.

Partner | Investment

What Our Clients Say.

Green & Partners understand our needs and continually exceed expectations.

abrdn

Thorough, tenacious, practical in their outlook and approach but above all they get results.

La Salle Investment Management

The expertise and excellent client focus provided by Team G&P is greatly valued and appreciated. The continuing hard work to support our investment, Leasing and Asset Management activities has enabled us to drive investment performance for our clients.

M & G Real Estate

Green & Partners are a focused, diligent and highly determined team who exceed our expectations time after time.

DTZ Investors

With Green & Partners you get Partner level involvement and Commitment whether it's an MSU or a small kiosk. They are creative and tenacious and have a very good knowledge of shopping centres and the retailer market at all levels.

Hammerson