Offers of £2.75m sought for Liverpool City Council office
Worthington Owen has been appointed to sell the 31,000 sq ft Venture Place on Sir Thomas Street.
Liverpool City Council agreed to begin the process of selling the eight-storey building in October and has now appointed Worthington Owen to seek offers of £2.75m.
“This is a rare opportunity to acquire an office building in the heart of Liverpool City Centre with vacant possession,” said Andrew Owen, director at Worthington Owen.
“We are delighted to have been instructed by Liverpool City Council to deal with this disposal and, despite recent macro-economic events, we are confident that we will receive lots of interest.”
Venture Place, which was built in the 1960s, has been deemed surplus to requirements by the council, opening the door for its potential redevelopment.
Previously known as Commerce House, Venture Place was at one point occupied by BBC Radio Merseyside. The building has been vacant since January when council staff relocated elsewhere.
Sarah Doyle, Liverpool’s cabinet member for development and housing, added: “The sale of Venture Place forms part of Liverpool City Council’s drive to deliver long-term savings and to produce capital receipts.
“The sale is aligned with the council’s wider accommodation strategy which seeks to rationalise its operational assets.”
Given recent reports about the shortage of good quality office space in Liverpool maybe a high standard office re-furb might be possible, as this building is near the Tunnel and a short walk from the main railway station and the local rail network.
Failing that it looks like a hotel or apartments will be the outcome.
By Anonymous