LondonMetric sells Liverpool building for £10.2m

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(Sharecast News) – LondonMetric Property on Friday said it had sold a grocery building in Liverpool for £10.2m.

The 29,000 sq ft asset was bought for £8.1m in 2014 and is let to Marks & Spencer and Aldi. It generates £0.5m of rent a year.

The sale price is line with the 31 March 2021 book value and crystallises a 26% profit on cost and an ungeared internal rate of return of 9%, the company said.

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