By Richard Williams2018-06-14T05:02:00
Blend Property has acquired an office building in Liverpool’s historic Royal Albert Dock for around £11m.
The company has bought the grade I-listed Atlantic Pavilion from Tellon Capital at a net initial yield of about 7.5%.
The 88,934 sq ft building is let to Shop Direct Holdings for a further five years and occupied by its subsidiary Yodel Delivery at a rent of £900,000 a year – or £10.26/sq ft.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.