Worsley House Windle St 11,996 SF Office Building St Helens WA10 2BL $1,745,924 CAD ($145.54 CAD/SF) 8.96% Cap Rate

Opportunity to acquire a substantial freehold office investment opportunity situated just north of St Helens Town Centre. Comprising a two-story structure with a robust brick façade and metal capped pitched roof. The property comprises a self-contained ground floor suite alongside a two-part first floor arrangement, each with their dedicated entrances and amenities with recent upgrades include full air conditioning, suspended ceilings with recessed lighting, and improved finishes across both floors. Externally, Worsley House benefits from a secure rear car park accommodating over 22 vehicles, supplemented by additional parking bays around the site.
The property is fully let on a ten-year lease to GPW Design Services Ltd generating a passing rent of £90,000 per annum under a full repairing and insuring basis. Two sub-tenants, Serene Services Ltd and SOS Home Care Ltd with leases extending to 2035.
Offered at £950,000, the opportunity reflects an attractive net initial yield of approximately 8.69%