CBRE Manchester and Worthington Owen have been instructed by Green Property to sell India Buildings, one of Liverpool City Centre’s most iconic buildings.
India Buildings dominates Liverpool’s traditional office core, occupying an entire city block between Water Street and Brunswick Street, with Liverpool ONE and the waterfront within close walking distance.
The attractive Grade II* listed landmark was constructed between 1924 and 1932 and is arranged over ground and nine upper floors with basement and sub-basement levels. One of the most striking features of the building is the Holts Arcade, a stunning barrel-vaulted retail arcade running the length of the building.
The building offers substantial asset management opportunities and there is potential for conversion to alternative uses including residential and hotel use.
India Buildings has its own entrance to James Street underground station which provides access to Merseyrail’s electrified railway network and to Liverpool Lime Street for national services.
Colin Thomasson, Executive Director at CBRE Manchester, commented;
“The sale of India Buildings offers investors a unique and exciting opportunity to acquire one of Liverpool’s most famous buildings, located in a highly sought-after area with an immense amount of further potential. The opportunities to upgrade and reposition the property will carry strong appeal to investors seeking an asset management opportunity and similarly, the options to explore the building’s uses will ensure high levels of interest from dynamic investors keen to secure an asset in one of the city’s best locations.”
Mark Worthington of Worthington Owen, commented:
“We are very excited to bring this true landmark building to the market at a time when Liverpool is attracting interest from a wide spectrum of investors and developers. Given the high level of vacancy there is considerable scope for conversion of part to alternative uses whilst at the same time for the building to be repositioned once again as the most important office building in the city.”
