The property occupies an extremely prominent corner site, forming part of the highly successful Liverpool ONE development.

The investment is let to the undoubted covenant of Tesco Stores Limited on a new 15-year reversionary lease at a rebased rent which has been reduced by 25%. Tesco have been in occupation since 2008 and have recently regeared the lease, demonstrating the strength of trade and commitment to the site which trades 7 days a week.

We are instructed to seek offers in excess of £7,100,000 (Seven Million One Hundred Thousand Pounds) subject to contract and exclusive of VAT, which will reflect a net initial yield of 6.46% in June 2023, which is forecast to increase to 7.49% in June 2028, assuming 3% pa annual compound indexation. All yields are net of standard purchasers costs.