Former Ethel Austin Office Space Enters Market
The former office space and warehouse facilities of failed Liverpool retail chain Ethel Austin has been put to market with a price tag of ┬ú7.5m, as the former head office is sold off after the collapse of the business earlier this year.
With commercial property agents Mason Owen and CB Richard Ellis having been instructed to find a buyer or buyers for site, the 426,305 sq. ft. space will reportedly be available in its entirety or as separate units of around 100,000 sq. ft. and alternative uses for the site may be possible subject to planning consent.
Home to the head office of Ethel Austin for 30 years, the 35.3 acre site is located next to Junction 4 of the M57 and has the potential for further expansion on adjacent sites ranging from two to fourteen acres.
Speaking in the Liverpool Daily Post, Mason OwenΓÇÖs head of business premises, Andrew Owen, said: ΓÇ£We are delighted to have been invited to market such a major building on an important site. It is a fantastic instruction for Mason Owen, and particularly the business premises team.
ΓÇ£The sheer scale of the place is staggering and the possibilities for its future use are huge. It is strategically located less than eight miles from Liverpool and comes complete with extensive quality office space and expansion potential.
ΓÇ£Mason OwenΓÇÖs business premises team has the specialised expertise and experience to take this property to market, and we are confident that this instruction will generate great interest within Merseyside and beyond.ΓÇ¥
While the former office space of the retailer will be a much larger prospect, the agents will be hoping that the steady stream of office space deals reported in Liverpool since the beginning of the year. These include the Royal Mails newly acquired office space and the move and subsequent expansion of Liverpool FC into office space in Liverpool City CentreΓÇÖs 20 Chapel Street.