Trust buys 1 Tithebarn, Liverpool for £7.2m

Posted by Sam Hughes Jul 8, 2016 10:00:35 AM

Topics: News,

No1 Tithebarn Old Hall StreetPrivate Family Trust has invested £7.2m in Liverpool City Centre, showing the continued confidence investors have in the City Office market.

The property is situated in the heart of the main CBD above Moorfield’s railway station on Old Hall Street. Offering a mixed use property of 113,500 of sq ft the building has ground floor retail units with five floors of offices above.

The previous owner Carleton Estates bought the property off the Receivers back in 2014, following which they had success in attracting high profile occupiers including the likes of Carpenters Legal Practice to the building which was one of the largest lettings in the City in 2016.

Other tenants include William Hill, Moorfield Photographics, Tata Consulting, Speed Medical Examinations and SDV Limited.

The building currently produces a gross income of approximately £682,000 per annum and has 42,000 sq ft of vacant accommodation.

Bilfinger GVA and Worthington Owen acted on behalf of Carleton Estates.