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Investment Highlights

  • Office
  • Gordon House, Southport
  • To Let

Executive Summary

The asset is let to a diverse tenant mix, including professional services, healthcare, and SMEs, generating a passing rent of £170,812 per annum. The property offers a WAULT of 3.82 years to expiry and 1.90 years to break, with opportunities to enhance income through letting vacant suites and regearing existing leases. There is also potential for future redevelopment or conversion under permitted development rights. Offers are sought in excess of £1,400,000, reflecting an attractive net initial yield of 11.50% and a low capital value of £100 per sq ft.

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
13,963 SF
Building Class
C
Year Built
1975
Price
$2,583,543 CAD
Price Per SF
$185.03 CAD
Cap Rate
11.50%
NOI
$297,107 CAD
Percent Leased
48%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,778 SF
Building FAR
0.57
Lot Size
0.56 AC
Parking
41 Spaces (2.86 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Kitchen
  • Energy Performance Rating - D
  • Reception
  • Storage Space
  • Demised WC facilities
  • Natural Light

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Floor
  • 1,195 SF
  • Office
  • Shell Space
  • Now

The space compromises 1,195 sf of first floor office accommodation finished to a high standard.

  • 1st Floor
  • 940 SF
  • Office
  • Shell Space
  • Now

The space compromises 940 sf of first floor office accommodation finished to a high standard.

  • 2nd Floor
  • 5,140 SF
  • Office
  • Shell Space
  • Now

The space compromises 5,140 sf of second floor office accommodation finished to a high standard.

Space Size Space Use Build-Out Available
1st Floor 1,195 SF Office Shell Space Now
1st Floor 940 SF Office Shell Space Now
2nd Floor 5,140 SF Office Shell Space Now

1st Floor

Size
1,195 SF
Space Use
Office
Build-Out
Shell Space
Available
Now

1st Floor

Size
940 SF
Space Use
Office
Build-Out
Shell Space
Available
Now

2nd Floor

Size
5,140 SF
Space Use
Office
Build-Out
Shell Space
Available
Now

1st Floor

Size 1,195 SF
Space Use Office
Build-Out Shell Space
Available Now

The space compromises 1,195 sf of first floor office accommodation finished to a high standard.

1st Floor

Size 940 SF
Space Use Office
Build-Out Shell Space
Available Now

The space compromises 940 sf of first floor office accommodation finished to a high standard.

2nd Floor

Size 5,140 SF
Space Use Office
Build-Out Shell Space
Available Now

The space compromises 5,140 sf of second floor office accommodation finished to a high standard.

  • Listing ID: 40004900

  • Date on Market: 2026-04-02

  • Last Updated:

  • Address: 3-5 Leicester St, Southport PR9 0ER

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