Liverpool Charity and Voluntary Services (LCVS) has put 151 Dale Street in Liverpool city centre up for sale for £3m+.
The multi-let office building, which is located in the city’s cultural quarter, provides approximately 37,800 sq ft across basement, ground and four upper floors.
The property is currently around half occupied and generates a passing rent of approximately £198,370 per annum, with an ERV of £445,000 once fully let.
The Art Deco building, which was designed by William P Horsburgh, presents significant potential for alternative uses, subject to planning. Its floorplates are arranged around a central core and allow for subdivision or reconfiguration, opening up opportunities for residential, hotel, student accommodation or educational schemes.
Jeff Scales, CEO of LCVS, said: “Our experience of the building has been overwhelmingly positive because of the flexibility inherent within its design, enabling ourselves and our tenants to shape the spaces in ways most suitable to their needs. We love the Art Deco design and that many of the heritage features have been retained. It has been our home and a home for many wonderful organisations delivering high impact activities for the last seventeen years and would like to offer our sincere thanks to all those organisations who chose to base themselves with us and want to assure tenants and other building users of our commitment to supporting them throughout this process.”
Adam Fleming, senior surveyor at Fisher German, which has been appointed to market the opportunity, added: “Opportunities to acquire a building of this scale and character in such a central Liverpool location are few and far between. There is a real sense of presence about the property that you simply cannot replicate with modern development. The property also offers a lot of flexibility. Whether an investor is looking to enhance the existing income profile or explore a wider repositioning, there is a huge amount of potential to unlock here. It is an exciting moment to bring something like this to the market.”
