Liverpool’s Imperial Buildings on the market
THE 10-storey Imperial Buildings in Liverpool is on the market but it is not yet clear if the main occupier, HM Revenue & Customs, will stay on.
The 84,000 sq ft block, on the corner of Dale Street and Exchange Street, is being sold by DTZ on behalf of an LPA Receiver.
TheBusinessDesk.com understands HMRC’s lease expires in September, and DTZ said talks are now taking place.
In a sales notice DTZ said: “Negotiations for a new lease have started and while we would hope to agree terms for a new lease to HMRC the LPA receiver envisages that the successful purchaser will take full responsibility for these negotiations once the sale has been completed.”
HMRC has around 750 staff at the building which would represent a big requirement for the city if it decides to move. A move would also make the building a far less attractive prospect.
DTZ did not disclose a guide price in the sales information but it is understood to be asking £4m. Ground floor tenants include Subway and the property agent Venmores who contribute to an annual rent roll of £1.2m.
