Developer plans first commercial scheme with six units close to city centre

Liverpool-based ethical property developer, Integritas Property Group (IPG), has announced the launch of its Central Point Commercial Space, marking the company’s first dedicated commercial property development and a significant milestone in the evolution of its investment portfolio.

Located on Naylor Street in Liverpool city centre, Central Point forms the commercial element of a high quality mixed use development, also developed by IPG, offering six purpose-designed commercial units designed to meet the growing demand for flexible business accommodation in one of the UK’s fastest-regenerating regional cities.

With prices ranging from £185,000 to £350,000, the development is aimed at private investors, commercial landlords, pension investors and portfolio builders seeking long term income-producing assets supported by Liverpool’s strong economic fundamentals.

The six leasehold units, offered on 999-year leases, range in size from 775 sq ft to 1,507 sq ft and provide accommodation suitable for a wide variety of occupiers, including retail, cafés, healthcare providers, professional services, leisure operators, and office users, subject to planning.

With an estimated gross rental income of £151,500 per annum, the units look to deliver a target yield of 10% and an estimated capital value of £1.515m once fully let.

The investment proposition has been designed around Fully Repairing and Insuring (FRI) leases, meaning tenants are responsible for repairs, maintenance and building insurance, significantly reducing ongoing landlord obligations.

The leases will also include upward-only rent reviews, providing investors with the opportunity for rental growth while helping to protect income against inflation.

IPG says the scheme is suitable for acquisition through SIPP and SSAS pension structures, while also offering flexibility for investors wishing to utilise commercial mortgage finance.

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