Old Hall Street offices sold for £2.7m

PALLADIUM Group has acquired two adjacent office buildings in Liverpool’s Old Hall Street for a combined total of £2.7m.

CBRE’s North West Capital Markets team completed the sales of Nations House and Stanley Hall on behalf of Moorfield.

The two buildings offer a total of 40,603sq ft of accommodation in what is the backbone of Liverpool’s central business district.

Tenants include Sainsbury’s, Matthews & Goodman and Haskoning UK.

Nations House is a refurbished office building comprising 21,482 sq ft with extensive frontage on Old Hall Street. Stanley Hall is an impressive period building, arranged on ground and three upper floors providing office suites, car parking and storage to the lower ground floor.

Old Hall Street is the focal point for the majority of Liverpool’s commercial development in recent years including St Paul’s Square, 20 Chapel Street and Beetham Tower.

The properties are situated close to Moorfields train station which connects to Liverpool Lime Street.  Nearby occupiers include Hill Dickinson, RSA, Travelodge Central, Fazenda, Starbucks, Liverpool, Daily Post & Echo and Radisson Blu.

Robert Woods, Director of Capital Markets at CBRE’s Manchester office, said: “The Liverpool investment market continues to prove attractive to investors seeking prominent office buildings within Liverpool’s Central Business District.

“Both properties offer investors exciting opportunities for future refurbishment and re-positioning as well as the potential to further grow the existing tenant line-up.”