National Mutual Life Assurance Society has paid £16.75m for 15 Parker Street, Liverpool. The 134,019 sq ft property is one of the largest retail units in Liverpool city centre. The whole building is let to Tesco trading as Tesco Metro. The lease has 18.5 years unexpired. Passing rent is £1.15m a year. Price achieved reflects a net initial yield of 6.49%. Seller was Legal & General represented by Jones Lang LaSalle. National Mutual was advised by Matthews & Goodman. {{PROPERTY }}

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