ESTUARY HOUSE THE ESTUARY COMMERCE PARK SPEKE, LIVERPOOL, L24 8DA - PRIME OFFICE INVESTMENT LET ON A - Allsop
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ESTUARY HOUSE
THE ESTUARY COMMERCE PARK
SPEKE, LIVERPOOL, L24 8DA
PRIME OFFICE INVESTMENT LET ON A
NEW 5 YEAR LEASE TO BANK OF SCOTLAND PLC
ESTUARY HOUSE
PRIME OFFICE INVESTMENT
MATRIX POLYMERS LIMITED NHS BLOOD TRANSPLANT MERSEYSIDE POLICE EDEN BIODESIGN CARGILL PLC & POWDER SYSTEMS ESTUARY BANKS MANAGEMENT DHL EXPRESS
OPERATIONAL COMMAND LIMITED PALMER INCOME COMPANY & YANCO LIMITED LIVERPOOL
PHARMARON BIOLOGICS
STORE FIRST FREEHOLDS
KIER, ORTON DEVELOPMENTS
Outline for indicative purposes only.
Investment Summary Proposal
• Liverpool is the 2nd largest city in the North West • The tenant renewed their lease in September for Offers sought in excess of £10,060,000 (Ten Million and
• Estuary House is located in the well-established Estuary Commerce Park a new 5 year term expiring 28th September 2026 Sixty Thousand Pounds) subject to contract and exclusive
• Total floor area of approximately 75,623 sqf t NIA • Passing rent of £831,853 per annum reflecting £11psf of VAT. A purchase at this level reflects a net initial yield of
• 505 car parking spaces with a ratio of 1:150 psf 7.75% and a low capital value of £133 psf assuming standard
• Let to the undoubted covenant of Bank of Scotland Plc who have been purchaser’s costs of 6.70%.
in occupation since 2004 • Virtual freehold
• Mission critical facility for Lloyds, Halifax, RBS & other subsidiaries • Site area of approximately 6 acres
ESTUARY HOUSE
PRIME OFFICE INVESTMENT
RD
H ER
LO
HIG
N
G
TO LIVERPOOL
LA
CRESSINGTON 2 A5
A56
H
O
N
CITY CENTRE LIVERPOOL SOUTH PARKWAY 62
E
HIG
RR
THE HUN TS C RO SS HER R
OAD
O CK S A V E
O AD
SHO PPI N G C EN TRE
WO
HAL L R
OD
EN
A5
SPEKE
AV
61
EN
SPE
KE R
UE
OA
TO WIDNES, WARRINGTON,
D
A561 SP
EKE BVLD M62 (JUNCTION 6)
AND MANCHESTER
RN AVE
A561
ES TUA RY
WESTE
THE S P EKE
Location C O M M ERC E
P A RK
S P EKE HA LL
SPE
KE H
ALL
C EN TRE
AE V N U E
I N DUS TRI A L
Speke is a suburb of Liverpool and is located 6 miles south of the city centre. ESTA TE
Liverpool is the second largest city in the North West and benefits from
excellent communications.
HALE RO
The City is located 22 miles north of Chester, 34 miles west of Manchester and AD
RI
98 miles north of Birmingham.
VE
Liverpool benefits from excellent access to M56 and the M62 which provides
R
access to the M6, 20 miles to the east. The M6 offers access to the North and M Yo
rks
Centre of the UK. ER LIVERPOOL JOHN
LENN ON AIRPORT hir
eD
a le
The closest train station to Speke is Liverpool South Parkway, 2 miles north SE M6
A683
sN
ati
on
Y al P
A65
a rk A
west and has 10 services every hour to Central Liverpool and provides access LANCASTER uth
ori
to Liverpool Lime Street Station in 10 minutes. Liverpool Lime Street provides
access to London Euston with a journey time of 2 hours 10 minutes.
Liverpool John Lennon Airport is located in Speke and accommodates both A682
Skipton
international and domestic destinations.
A588 A629
Liverpool is a prime maritime location with numerous passenger and freight A56
A6 A682
links including the Port of Liverpool and Liverpool Cruise Terminal. M6 A6068
A585
A586
A59
B5269 B5269
BLACKPOOL
M55
A585 A680 Burnley
Blackpool A583 M65
International
PRESTON
Liverpool John Liverpool M62 Jct 4 Port of
Airport
A584 Warton BLACKBURN A56
Aerodrome A646
A582
Lennon Airport South Parkway M57 Jct 6 Liverpool A668
A6033
2 mins 5 mins 10 mins 15 mins
A565 M6
Southport
M66
M62
Rochdale
A59
M61
A5209
BOLTON A58
Ormskirk
Formby A668
A565 WIGAN Oldham
Demographics
M58 M60
A570
A665
A5207
A5036 A580
MANCHESTER
A580 M6
M57
ST. HELENS A572 M60 M67
Bootle
2nd highest 5th most
M62 A560 Glo
A58
Population 2008 LIVERPOOL A57
Sale
visited
M62
number of art galleries, national Stockport
A5058 A56
500,500 European Capital
Birkenhead WARRINGTON
Widnes A6
museums, listed buildings and
A561
A562 M58
city in the UK
Manchester
of Culture
A41 International
A56
Airport
Liverpool
listed parks in the UK
John Lennon A523
Airport
A34
M53 A533
A556 A537
M58
A550 Macclesfield A537
A49
A55 A533 M6
A51
CHESTER A523
ESTUARY HOUSE
PRIME OFFICE INVESTMENT
Estuary Commerce Park Situation Description
Estuary Commerce Park was established in 1998 and comprises a 99 acre development situated on The property is situated on Leeward Estuary House was constructed in 1998 and comprises a a high quality three storey office building. Internally the
the southern side of the A561 Speke Road. Liverpool’s John Lennon Airport is situated to the south of Drive and accessed via Estuary Banks property is constructed in two wings around a central core and atrium which accommodate a staircase, WC’s,
which provides access to Speke Hall two 10 person passenger lifts plus a goods lift. The building is fitted out to a high specification incorporating raised
the park, Liverpool International Business Park is located immediately to the west and New Mersey Avenue and onto Speke Boulevard floors, Category 2 lighting and air-conditioning with heating via a central heating system.
Shopping Park is located on the northern side of the A561. (A561). The property has on-site restaurant facilities and a nursery.
The Commerce Park is recognised in the north west as a premier location with occupiers including Estuary House offers 505 car parking spaces providing a favourable car parking ratio of 1:150 psf.
Kier, NHS, Merseyside Police’s Operational Command Centre and Store First Self Storage.
ESTUARY HOUSE
PRIME OFFICE INVESTMENT
Outline for indicative purposes only.
created on Pl
Site Area
Approximately 2.43 hectares (6 acres).
Tenure
The Property is held on a 250 year ground lease from 29th September 1998
at a peppercorn rent.
Tenant Operations
Estuary House is an essential call centre for Lloyds operating from
7am-11pm, 7 days a week. Prior to Covid there were 700 to 800 staff on
Misrepresentation Act: 1. Allsop LLP on theirsiteown behalf
every dayand
andonLloyds
behalfare
of the instructing
trying to targetparty,
thesewhose agents
staffing levelsAllsop
over are,
the gives notice that: (a) the
constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property a
statements or representations of fact; and (c)course of the next
the instructing 6-12
party doesmonths.
not makeAs or
many
give,High Street banks
and neither Allsop are closing
nor any theirmembers nor any person
of their
has any authority to make or give, any representation
branches, callorcentres
warranty
arewhatsoever
becoming everin relation
more to the property.
mission critical. The only representations, warrantie
contractual obligations to be given or undertaken by the instructing party are those contained and expressly referred to in the written contract for s
lease between the instructing party and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as
each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be include
working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches an
the trading name of Allsop LLP.
ESTUARY HOUSE
PRIME OFFICE INVESTMENT
Tenancy Covenant
Tenant Floor Area sq ft Area sq m Lease Start Lease Expiry Rent pa Rent psf Comment Bank of Scotland PLC – Below Average Risk (72)
The Bank of Scotland plc is a commercial and clearing bank based in Edinburgh, Scotland. With
Ground Floor Reception 1,435 133.70 a history dating to the 17th century, it is the fifth-oldest extant bank in the United Kingdom, and
The tenant has 2 years at half rent, which will be is the only commercial institution created by the Parliament of Scotland to remain in existence.
Bank of Ground Floor Offices 23,767 2,208.10 topped up by the vendor. The tenant has been in
29/9/2021 28/9/2026 £831,853.00 £11.00 31-Dec-18 31-Dec-19 31-Dec-20
Scotland PLC First Floor 25,259 2,357.01 occupation since 2004. The rent was rebased at
the 2021 lease renewal. Turnover - - -
Second Floor 25,162 2,325.73
Pre-Tax Profit £2,231,000 £1,278,000,000 £883,000,000
Total 75,623 7,024.54 Total Net Worth £11,175,000 £12,619,000,000 £12,831,000,000
VAT
The property has been elected for VAT and it is anticipated that the transaction will
be treated as a Transfer of a Going Concern.
EPC
Available in the data room.
Anti-Money-Laundering
A successful bidder will be required to provide information to satisfy the AML
requirements when Heads of Terms are agreed.
Data Room
For access to the Allsop Marketing Data Room, please refer to the following link:
https://datarooms.allsop.co.uk/register/EstuaryHouse
Proposal
Offers sought in excess of £10,060,000 (Ten Million and Sixty
Thousand Pounds) subject to contract and exclusive of VAT. A purchase
at this level reflects a net initial yield of 7.75% and a low capital value of
£133 psf assuming standard purchaser’s costs of 6.70%.
For further information or to make arrangements for viewing please contact:
Dale Johnstone Lottie Hayward Arthur Landman
07788 554 555 07817 549 237 07741 905 764
dale.johnstone@allsop.co.uk lottie.hayward@allsop.co.uk arthur.landman@allsop.co.uk
allsop.co.uk
Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an
offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or
give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations,
warranties, undertaking’s and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the
vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the
property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property;
and (e) carry out all necessary searches and enquiries. The market statistics, rental and investments comparables have been supplied by third parties and their accuracy cannot be guaranteed. Allsop is the trading
name of Allsop LLP. Design CommandD www.commandHQ.co.uk 10.21
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