B8RE Acquires Significant Multi Let Industrial Estate

B8RE Acquires Significant Multi Let Industrial Estate

B8RE have advised Chancerygate and JR Capital on the acquisition of North and South Harrington buildings at Brunswick Business Park, Liverpool.

The property comprises 120,000 sq ft of industrial and office accommodation on a substantial 10 acre site. Situated just 1 mile from Liverpool City Centre, the property offers high-yielding and well-diversified income, anchored by some really quality tenants

North Harrington comprises one 54,000 sq ft unit occupied by indoor go-karting company TeamSports. South Harrington is a former dockside warehouse that has been reconfigured into six self-contained warehouse units at ground floor, with the first floor offering office accommodation. Current occupiers include Royal Mail and specialist clinical nutrition products producer, Vitaflo, part of the Nestle Group

Joe Sinclair at B8 Real Estate commented: ‘The opportunity provides high yielding diversified income in a true last mile location, with a number of short-term value add initiatives. It was fantastic to reach such a successful conclusion in what is still a challenging investment market’.

B8 acted on behalf of Chancerygate and JR Capital, while Edwards Property Consultants advised CEG.