Other

Staycity, The Corn Exchange, Drury Lane, Liverpool L2 0PH

 

Price: £22,800,000 - Initial Yield:5.30%

Date: Q4 2018

Acting on behalf of KFIM we advised on the purchase of this newly developed aparthotel from a Private Investor for £22.80m, reflecting a net initial yield of 5.30%.

The property comprises a new 212 unit aparthotel comprising 28 two-bed, 24 one-bed, 149 studio and 11 disabled accessible apartments. The aparthotel has a total GIA of 92,400 sq ft. Pre-let on a new 35 year FRI lease to Staycity Corn Exchange Ltd at an initial rent of £1,237,982 p.a, subject to 5 yearly CPI linked reviews.

Contact

David Kos

Tel: 020 7493 3330
Mob: 07709 813267
dkos@lewisellis.co.uk

Julian Gallagher

Tel: 020 7493 3330
Mob: 07941 413 299
jgallagher@lewisellis.co.uk


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