Long term deal agreed on ‘rare’ Liverpool industrial space

Liverpool commercial property agency Keppie Massie has agreed a deal on a 9,200 sq ft industrial site on the edge of Liverpool city centre.

The property, on Lightbody Street, which includes multiple railway arch storage, high eaves and a large yard space, has been let to R&H Site Services on a long term lease agreement on behalf of a private owner.

An adjacent 6,500 sq ft property on Bentinck Street is also coming to market shortly and Tim Garnett, head of commercial at Keppie Massie, believes the high demand for such spaces highlights the lack of supply of industrial space near to the city.

Garnett said: “The volume and quality of properties available for employment use has deteriorated in Liverpool over recent years, with much of it quickly giving way to residential usage.

“Modern, high-end industrial space close to the city centre is, therefore, rare, leading to an acute demand in the market, which is reflected in strong rental values achieved at Lightbody Street and also anticipated at Bentinck Street.

“The growth of the Freeport, ongoing infrastructure changes, Ten Streets regeneration and longer term plans for Liverpool Waters mean that north of Liverpool city centre is a hotspot for occupiers and investors alike.”