Located in Liverpool’s thriving creative district – Ropewalks – Duke & Parr provides a unique opportunity to acquire one of Liverpool’s most iconic period properties. Steeped in rich heritage, the building has been transformed to provide the city’s most evolved, and technology focused workspace.

Duke & Parr is let in its entirety to the undoubted covenant of Sony Interactive Entertainment Europe Limited, a major global tech giant, responsible for the PlayStation brand. The property is let for a period of 11.5 years from 28 October 2022 (no break options) at a headline rent of £713,474 pa

The market for refurbished Grade A suites is currently £30 psf in Liverpool city centre. This compares to a very low passing rent at Duke & Parr of £18.38 psf(assuming £5 psf for the basement)

Fully remodelled in 2022, the part Grade II listed property is comprised of two adjoining buildings which provide 50,893 sq ft (NIA) of work and studio space arranged over ground, 1st, 2nd and two basement floors

Furthermore, having been extensively remodelled and refurbished internally, Duke & Parr benefits from an EPC rating of B, making it fully compliant with MEES 2030 Regulations

Freehold

Offers are sought in excess of £9,900,000 (Nine Million, Nine Hundred Thousand Pounds) ex VAT and Subject to Contract. A purchase at this level would reflect a Net Initial Yield of 6.75%, assuming purchaser costs of 6.69%