Merseyside town Bootle has broken the 5% yield barrier for the first time.
Nightingale Estates, advised by Cushman & Wakefield, has sold the 80,000 sq ft Magdalen House to local investor Moorfields Properties, for £9.6m, a 4.75% yield.
Nightingale prelet a refurbishment of the former Health & Safety Executive office to Sefton council in 2005 on 25-year leases at a low £5.96 per sq ft rent with a review in five years.
Keppie Massie advised Moorfields.
