Mixed-Use Building Acquisition in Liverpool
£880,000 · 12 months · 0.92% pm. An investor wanted to acquire a mixed-use building in Liverpool comprising ground-floor retail and four upper-floor flats.
The Client
Investor
The Challenge
An investor wanted to acquire a mixed-use building in Liverpool comprising ground-floor retail and four upper-floor flats. The vendor required a quick unconditional sale, and the mixed-use nature ruled out most standard lenders.
Our Solution
Doulton structured a single bridge covering the entire mixed-use asset. The borrower planned to carry out light refurbishment works to the retail element and re-let at a higher passing rent, then refinance to a commercial investment mortgage.
The Outcome
Building acquired. Retail re-let to an independent food operator at 22% above previous rent. Commercial mortgage placed with a specialist lender, redeeming the bridge at month eleven. Key highlights: Single facility across mixed-use asset; Refurbishment works permitted within loan; Exit via commercial investment mortgage at enhanced value.
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