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Gordon House 3-5 Leicester St 13,963 SF 85% Leased Office Building Southport PR9 0ER $2,603,705 CAD ($186.47 CAD/SF) 11.50% Cap Rate
Investment Highlights
- For Sale
- Gordon House, Southport
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
$2,603,705 CAD
Price Per SF
$186.47 CAD
Cap Rate
11.50%
NOI
$299,426 CAD
Percent Leased
85%
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
The space compromises 1,195 sf of first floor office accommodation finished to a high standard.
The space compromises 940 sf of first 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 |
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 |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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.
1 1
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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Gordon House | 3-5 Leicester St
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