full income hotel & podzzz iconic liverpool recording...

Iconic Liverpool Recording Studios and Hotel Up For Sale

Full Income Hotel & PodZzz

2 Tenanted BarsFull Income OfficesTenanted Recording Studios

808 State, Act of Faith, Alfie, Alterkicks, Amorphis, Anathema, Andy Prior, Aswad, Apes Pigs & Spacemen, Atomic Kitten, Atonal, Aquarius BabyMother, Badly Drawn Boy, Bandit Queen, The Bandits, Belly , Barry Manilow, Basement, Beautiful South, Berri, Beyond, The, Big Circus, BigYoga Muffin, Bizaar Inc, Bjork, Black Sabbath, Black Star, The Black Velvets, Blaze, Blue Amazon, Blueseed, Boa, Bolt Thrower, The BooRadleys, Bottom Dollar, Boutique, Burn, Buzzcocks, Brian Jacques, Brianna Corrigan, Brotherhood, Bullyrag, Brutal Truth, Butterfly Child,Carcass, Carla Werner, Carmel, Cassidy, CAST, Cat Scratch Fever, Cecil, The Charlatans, Chelsea, China Crisis, Christians, The, ChrisNorman, Cleopatra, The Clint Boon Experience, Clinic, Copacabana, Coldplay, Coral, Crackout, Cradle of Faith, Crane Builders, Crescent, DaisyHicks, Dave Hughes, DBH, Dead 60's, Deadline, Deadly Living Sins, Dearly Beheaded, Demon, Departure, Diablo, Diana Ross, Disincarnate,Dodgy, Dogs, Dom Rowlet, Doves, Drop Science, Dr Phibes, Dubwar, Echo & the Bunnymen, Eden, Edsel, Elbow, Electrafixion, Elvischrist,Embrace, Emily Remic, Energy 26, Everton Football Club, The Farm, Feeder, Fish Monkey Man, Foobar, Formula One, Frank & Walters,Fudgetunel, Gheko, Girlfriends, Glass, Gluebound, God Boy, Gomez, Good Earth, Gorky’s Zygotic Mynci, Grace Jones, Hankypark, HayleyWestenra, Headswim, Heartland, Herbert Gronemeyer, High Brass, Howard Jones, Howling Bells, Hurricane, I am Kloot, Ian Asbury, Ian Gillan,Ian McNabb, If I Were King, The Infections, Inspiral Carpets, Jack Roberts, Jan Johnson, Jazz Kooner, Jimmy Rae, Joanna McGreggor, Jill Jones,John Butler, John Martyn, John Murphy, Jo Cang, Keiko, Killing Joke, K-Klass, Kings of Convienience, Kings of Infinite Space, L20, The Laze,Lightning Seeds, Lionrock, Listening Pool, Liverpool Football Club, Liverpool MVC, Lobster, Longview, Love Like Blood, Llanddulas M.V.C.,Lucid, MN8, Machinehead, Manbreak, Manmade, Mansun, Marillion, Mike Marconi, Mark Owen, The Master Singers, Mat Turner, Medusa’s Spite,Maya, Mew, Michelle Gayle, Mike Peters, Miriam Lamen, Moby, Monoco, MULU, My Red Cell, Mystic Meg, My Vitriol, Molly Half Head, NapalmDeath, Neville Skelly, New England, New Model Army, New Order, The North, Nowhere Near the Garden, N-Trance, N-Trust, Oceanic, OletaAdams, OMD, One Minute Silence, Ooberman, Osun Arts Foundation, Other Side of Sound, Paolo Nutini, Paul Cooper, Pele, Pete Wylie,Pinhole, Pitchshifters, Power Junkies, Pride, Pulp, Pure Essence, The Quarrymen, Q-Stix, Quest, Rail Town Bottlers, Rain, Real People, RickyThomlinson, River City People, Roberto DaNova, Rooster, Royal Philharmonic Orchestra, Roy "Chubby" Brown, Russell Watson, Ryan Carter,Sandi Thom, Saxon, Scaffold, Scorpio Rising, The Sessions, 747's, Shed Seven, Simon Wilcox , Simply Red, Sister Soleil, Skin, Skinlab,Skyscraper, Sleeper, Small, Snow Patrol, Sophie Ellis Baxter, Soul Symphony, Space, Speedball, Spice Girls, Space Monkeys, Starsailor,Stephen Triffet, Stick Boy, Straight Jacket Fits, The Stands, Super Furry Animals, Sussed, Stereolabs, Stereophonics, Stone Roses, TheStranglers, Supernaturals, Take That, Terror Vision, Thea Gilmore, The Embassy, Teenage Fanclub, ThisWay, Gavin Thorpe, Total Chaos, TourDe Force, Uncut, Vanessa Brown, Velvet Jones, Verve, Voy, Waikiki, The Wedding Present, Wireless, Witness, Whatever, Wildhearts, Year Zeroand many more...

2 Recorded at Parr Street…

Parr Street Studios has been helping create top 10 albums and singles here in the UKand overseas since 1992. Amazon Studios was purchased by the Genesis PensionFund in the early 90’s and moved from Kirby to Parr Street to create 5 recordingstudios in 1992. These recording studios still exist with Studio 1 and Studio 3 nowbeing the busiest. Many big names have recorded at Parr Street. Here are a few: -

Freehold for Sale

parr street studiosand hotelthe home of coldplay’s first 3 albums

Hotel….............................Bars….............................Offices….............................Recording Studios

Mixed Use Investment OpportunityBusiness Unaffected

Freehold together with Hotel Business & Tenant Rental

● 20,000 sq ft /1,858 sq m● 18 bedroom hotel● 2 award winning bars & event venues● 10 offices● 7 space car park● 2 fully equipped recording studios● Collector items● Prominent City Centre Position● Potential to Expand● Close to Liverpool ONE, Chinatown, Restaurants, Bars,

Colleges and Universities

For sales enquiries please contact:The sale of the freehold of Parr Street Studios is being handledby joint sales agents:-

Andrew Moore, GVA Hotels and Leisure81 Fountain Street, Manchester, M2 2EEDirect Dial: +44(0)161 956 4024Mobile: +44(0)7920 824280Email: [email protected]: 4704Andrew Owen of Mason OwenGladstone House, Union Court, Liverpool L2 4UQDirect Dial: +44(0)151 242 3120Mobile: +44(0)7798 576789Email: [email protected]

For press enquiries please contact:For all media enquiries relating to the sale of Parr StreetStudios, please contact Jayne Moore on +44 (0)7773 846962or by email at [email protected]

Parr Street Studios Limited33-45 Parr StreetLiverpoolUnited KingdomL1 4JN

www.parrstreet.co.uk

Online Sales info: www.parrstreet.co.uk/ParrSt/Preview.htm

3

mailto:[email protected]




http://www.parrstreet.co.uk


http://www.parrstreet.co.uk/ParrSt/Preview.htm

Sales Summary

HotelParr Street Studios is still a thriving recording studio, but hasbeen expanded to include a boutique 12-bedroom hotel - 3twins, 8 doubles and a 1 triple.

PodZzzA concept developed by Gary Millar, PodZzz offer inventive,futuristic accommodation within Liverpool’s Parr StreetStudios. Compact and stylish, each pod features an LED TV.There are 5 single PodZzz and 1 double Love PodZzz. TheHotel is operated by Parr Street Studios Ltd.

The Attic BarPreviously called 3345 the Attic lounge bar and restaurant isa central social oasis designed for creative's and theirfriends..

STUDIO2Independent Magazine's "Top 50 Best Bar" and ThemeMagazine "Best Bar Design" finalist. Has been bar of themonth twice in the BBC Good Food Guide's OLIVE Magazineand ESQUIRE Magazine. Also hosts ParrJazz - the region’sbest known jazz night residency.

Offices for RentalParr Street Studios has 10 offices rented on a month to monthbasis. From 2 small offices on the ground floor, to the famous“Lock Stock & Two Smoking Barrels” Studio 4 on the first floorand 7 offices on the top floor there is something to suit allbudgets and dimensions.

Studio 1Studio 1 is based around a Neve VR60 Legend, recording toStuder 2” or Pro Tools HD. It’s fully equipped with an exquisiteselection of outboard and microphones, but what makes itstand out from the crowd is the huge live room with naturallight, great sounding stone room, amp room with boutiqueguitar amps, Yamaha C3 grand piano, Hammond B3 andEMT 140 plate reverb. Studio 1 has its own lounge and kitchen.

Studio 3Studio 3 is famous for being the room where Chris Martinwrote ‘The Scientist’, and Coldplay recorded most of theirdebut album ‘Parachutes’. It’s got a fantastic creative vibeand quick workflow, making it ideal for writing and demo-ingnew songs. The upright piano and selection of vintage instru-ments definitely make it the musicians choice - and with a fullPro Tools HD system, huge mic collection, and newly installedBritish-built Audient ASP8024-24 console - engineers andproducers love it to.

About The Area/LocationParr Street Studios and Hotel is located at 33-45 Parr Streetin Liverpool's up-and-coming Ropewalks area. Positionedclose to Liverpool Lime Street Station, Central Stations andLiverpool John Lennon Airport and just over two hours fromLondon by train

Core Income & Overheads

Terms/Viewing

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Parr Street StudiosSales Particulars

Index…..

Table of Contents

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Of all UK cities, Liverpool has generated the most number one hit records on the pop charts and, now, animportant part of its musical heritage – the iconic Parr Street Studios and Hotel - is up for sale. With afascinating history, the studios have been frequented by a plethora of famous recording artists, and PhilCollins was once a part-owner of the building. The current investment opportunity will enable the legacy ofParr Street to continue into the future, under new ownership. It is being sold as an entire unit with existinglong-term leases in place for the two recording studios and two bars. Its value as an investment can beincreased by expanding the hotel part of the building without affecting the bars or studios. As you can seeon page 2 and during the last few decades, Parr Street Studios have been used by an impressive list ofrecording artists.

Despite the continuing grip of the recession, Parr Street Studios and Hotel is being sold as a successful,on-going concern. Back in 2005, plans were afoot to convert the building into luxury apartments when thethen owners – including Phil Collins – decided to sell it. In 2006, the building was rescued by Gary Millar,Steve Macfarlane and Thomas Lang but now it’s time for this trio to move on, as part of an agreed five-yearplan which involved the successful introduction of new office space, the hotel, the PodZzz and the secondbar.

Size. Offering over 20,000 square feet/1,858 square metres, freehold, the property brings a ready-madebusiness with a renowned brand; a cool city centre creative and music venue, two Grammy Award-winning,fully-equipped recording studios; two award-winning bars and event venues (namely The Attic andSTUDIO2); 10 offices; a car park; an 18-bedroom ‘hip’ hotel; and serious music based collector items.

Location. Built as commercial premises in the 1930s, Parr Street Studios and Hotel is located at 33-45Parr Street in Liverpool's up-and-coming Ropewalks area. Positioned close to Liverpool Lime StreetStation, Central Stations and Liverpool John Lennon Airport and just over two hours from London by train,the property presents considerable commercial potential as a venue, accommodation option and creativespace.

Offers in excess of £1.9 million will be considered and interest is expected from the UK, US, China,Hong Kong and the Middle East.

For viewing and agency details please read page 3

5Sale Overview



6 Sales Overview


Music Heritage. It has a long history associated with Liverpool’s thriving music scene. Known for itsmusical heritage, Liverpool is the commercial, educational and cultural capital of the Merseyside sub-regionand is the second largest city in the North West of England. It was awarded the accolade of ‘EuropeanCapital of Culture’ for 2008. Liverpool is home to Sound City, Mathew Street Festival, Liverpool MusicWeek, Beatles Story, The Cavern Club, Elevator Studios, Deltasonic, Cream, Epstein Theatre and is beingconsidered by UNESCO for its Creative Cities title, ‘City of Music’.

Collectors will enjoy the fact that the sale includes the piano used to compose and record Coldplay’s’Trouble’ track – complete with Chris Martin graffiti. Also included are four original prototype Quested mainsystem monitors in Studio 1 and Studio 2.

CEO Gary Millar says: “We are seeking buyers who, like us, will be sympathetic to the nature of the buildingand its tenants. We have done what we can in the last six years and now it’s time for someone else to takeParr Street Studios to its next exciting level.”

Commenting on the sale, Andrew Moore, Associate, Hotels and Leisure, GVA, said: “To be involved in thesale of Parr Street Studios and Hotel is an exciting opportunity for GVA. Alongside the interesting collectors’items included in the sale, the purchaser will benefit from an investment income together with an opportu-nity to run the hotel or lease it out for further investment income, and a piece of Liverpool’s musical heritagein what is an eclectic mix of uses within the property.”

Andrew Owen, head of Business Space at property agency, Mason Owen, adds: “The purchaser has anoutstanding opportunity to expand Parr Street Studio’s hotel, hospitality and office business - or simply towalk into a ready-made, multi-faceted and well-known business.”

Offers in excess of £1.9 million will be considered and interest is expected from the UK, US, China,Hong Kong and the Middle East.

For viewing and agency details please read page 3



Hotel 7

Although Parr Street Studios is still a thriving recording studio it has since expandedto include a boutique 12-bedroom hotel (the bedrooms are large and include twins,doubles and one triple). All 12 bedrooms are funky, warm & modern. Each room hasplates, bowls, cups, cutlery and a paid mini-bar. To keep rates low we do not offer offerbreakfast but are more than happy to organise a breakfast tray.

The hotel has been designed by co-owner Gary Millar and is described by the pressas 4 star. First impressions are "WOW" and the beds, NASA inspired memorymattresses and funky showers have been a unanimous and resounding success!

Hotel8

The hotel bathrooms are fitted with showersand have either dual or single wash basins.The design is predominantly white withchrome fittings and black and white tiledflooring.

The hotel has one triple bedroom that sleeps up to 3 people. There are also 3 twin rooms sleeping up to 2 people in each and 8 double roomssleeping up to 2 in each. The hotel sleeps up to 25 people at any one time - plus 5 in the single PodZzz and up to 2 in the double PodZzz on thelower Mezzanine Floor of Parr Street Studios.

Hotel Floorplan9

PodZzz - Sleepovers Welcome 10

PodZzz offer inventive, futuristic accommodation within Liverpool’s Parr Street Studios(just above the ground floor), with our award-winning bars, restaurant, and recordingstudio. Compact and stylish, each pod features an LED TV. Each colourful pod is fullysoundproofed and comes with free Wi-Fi access and tea/coffee facilities. 5 funkysingle mini-bedrooms (these are about the same dimensions as a caravan bedroom).The 1 double mini-bedroom - called the Love PodZzz is larger and contains a doublebed, clothes hangers and a small table.�PodZzz is fully operated by Parr Street Studios Ltd with an estimated income ofbetween £18,000 and £60,000 a year (plus VAT and subject to occupancy levels).

PodZzz - Sleepovers Welcome11

Single PodZzz Details

Room Facilities: Air Circulation, CarpetedFloor, Small Desk, Soundproofing, SharedBathroom, Shared Toilet, LCD Flat-screen TV& Electric Kettle

● Room Size: 3.75 square metres● Bed Size: 1 Single (sleeps 1)

PodZzz offer inventive, futuristic accommodation within Liverpool’s Parr Street Studios (just above the ground floor), with our award-winning bars,restaurant, and recording studio. Compact and stylish, each pod features an LED TV. Each colourful pod is fully soundproofed and comes withfree Wi-Fi access and tea/coffee facilities. 5 funky single mini-bedrooms (these are about the same dimensions as a caravan bedroom). The 1double mini-bedroom - called the Love PodZzz is larger and contains a double bed, clothes hangers and a small table.�PodZzz is fully operated by Parr Street Studios Ltd with an estimated income of between £18,000 and £60,000 a year (plus VAT andsubject to occupancy levels).

Love PodZzz Details

Room Facilities: as per the single PodZzz

● Room Size: 5 square metres● Bed Size: 1 Double (sleeps 1 or 2)

PodZzz Showers

There are 2 separate showers and washingfacilities for the use of the 6 pods. They arelocated directly opposite the 5 single PodZzzand 1 double Love PodZzz

PodZzz - Sleepovers Welcome12

PodZzz - Sleepovers Welcome 13

Tenanted Bars14

There are 2 award winning tenant run bars within Parr Street Studios. The newest is the fantastically laid back and relaxed “The Attic” - theexciting recreation of a bigger 3345 re-opened in March 2012. The other is STUDIO2 open from noon until late 7 days a week. IndependentMagazine's "Top 50 Best Bar" and Theme Magazine "Best Bar Design" finalist.

STUDIO2 at Parr Street is still Liverpool's best kept secret. Yet, its been bar of the month twice in the BBC Good Food Guide's OLIVE Magazineand ESQUIRE Magazine.

Also, the Independent Magazine twice reported that STUDIO2 is one of the UK's "Top 50 Bars". STUDIO2 was also finalist for Theme Magazine's"Best Bar Design" - a design by co-owner Gary Millar.

Bars - The Attic Liverpool

There are 2 award winning tenant run bars within Parr Street Studios. The newest is the fantastically laid back and relaxed “The Attic” - theexciting recreation of a bigger 3345 re-opened in March 2012.

The Attic lounge bar and restaurant is a central social oasis designed for creative's and situated in the heart of Liverpool city centre and housedinside the famous Parr street recording studios. Previously called 3345 and regularly referred to as the epicentre of the Liverpool music scenethey see themselves as a warm, welcoming and intimate establishment .

The Attic is based on the first floor of Parr Street Studios and access is via its own entrance or by using a lift accessed via the main reception ofParr Street Studios.

The Attic is a tenant business bringing in an income of £34,000 plus VAT a year.

The Attic is the exciting recreation of a bigger 3345 re-opened following a major refurbishment in March 2012.

This bar and also STUDIO2 on the ground floor of Parr Street Studios are both tenanted bars. The Attic has over 9 years remaining on its FRIlease and brings in an annual rental income of £34,000 (excluding VAT). The tenancy is protected and unaffected by any sale of the freehold ofParr Street Studios. The tenant is responsible for their own non-domestic rates “business rates”.

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Bars - STUDIO2

STUDIO2 is open from noon until late 7 days a week. Independent Magazine's "Top 50 Best Bar" and Theme Magazine "Best Bar Design" finalist.

STUDIO2 at Parr Street is still Liverpool's best kept secret. Yet, its been bar of the month twice in the BBC Good Food Guide's OLIVE Magazineand ESQUIRE Magazine.

Also, the Independent Magazine twice reported that STUDIO2 is one of the UK's "Top 50 Bars". STUDIO2 was also finalist for Theme Magazine's"Best Bar Design" - a design by co-owner Gary Millar.

STUDIO2 is a tenant business bringing in an income of £41,600 plus VAT a year.

STUDIO2 is the exciting refurbishment of what was a large and surplus recording studio opened in October 2008. Parr Street co-owner GaryMillar is responsible for the bars design and concept.

This bar and also The Attic on the first floor of Parr Street Studios are both tenanted bars. The FRI lease on STUDIO2 is currently beingrenegotiated and brings in an annual rental income of £41,600 (excluding VAT). Once the lease is in place the tenancy will be protected andunaffected by any sale of the freehold of Parr Street Studios. The tenant is responsible for their own non-domestic rates “business rates”.

STUDIO2 is based on the ground floor of Parr Street Studios and access is via its own entrance or via the main reception of Parr Street Studios.It has a main room, a bar (the Mixing Room), the stone room, the squishy squashy room (shown here), a kitchen, upstairs storage and “cellar”

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Bars - STUDIO2

STUDIO2 is a large space of over 3300 square feet on the ground floor of Parr StreetStudios and also has in excess another 600 square feet of storage and drinks coolerspace on its own Mezzanine Floor with access via the kitchen area and directly abovethe bar and kitchen.

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Bars - STUDIO2 FloorplanRental Income £41,600 per annum

Layout of STUDIO2

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Offices for Rental 19

Parr Street Studios has 10 offices rented on a month to month basis. From 2 small offices on the ground floor, to the famous “Lock Stock & TwoSmoking Barrels” Studio 4 on the first floor and 7 offices on the top floor there is something to suit all budgets and dimensions.

Offices for Rental20

Offices3rd Floor3F13F23F33F53F63F73F8GroundGF1GF2FirstStudio 4

Tenant

VacantSSEParr Street Music School3Beat MusicVacantPlast-c DesignVacant

Rooftop AudioVacant

Ace Films

Type

LicenseLicenseLicenseLicenseLicenseLicenseLicense

LicenseLicense

License

Suit Desks

4 or 54 or 5

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4 or 54 or 5

3

22

6 or 7Total

Rent PA

£4,800£4,800£4,200£4,800£5,400£5,200£4,560

£2,400£2,640

£5,400£44,200

Plus VAT

Parr Street Studios has 10 offices rented on amonth to month basis. From 2 small offices on theground floor, to the famous “Lock Stock & TwoSmoking Barrels” Studio 4 on the first floor and 7offices on the top floor there is something to suit allbudgets and dimensions.

24/7 AccessUnusually for a city centre office base, secure accessis available 24 hours a day, 7 days a week for most ofthe year. Most other offices limit access to 8am to6pm so you have the added bonus of double theavailability for a low cost rental price.

Studio 4 on the first floor has 3 adjoining offices that suits up to 7 desks, whilst all othersingle unit offices suit 1 to 5 desks. Each are rented on an “easy-in easy-out” monthto month license basis - each attracts an additional service charge fee of 10%.

21Offices to Rent

Recording Studio 122

Studio 1 is based around a Neve VR60 Legend, recording to Studer 2” or Protools HD. It’s fully equipped with an exquisite selection of outboardand microphones, but what makes it stand out from the crowd is the huge live room with natural light, great sounding stone room, amp room withboutique guitar amps, Yamaha C3 grand piano, Hammond B3 and EMT 140 plate reverb. Studio 1 has its own lounge and kitchen and is just 20yards from the nearest bar - the converted and iconic Studio 2.

Studio 1 is a tenant business bringing in an income of £35,000 plus VAT a year. The rent includes the recording studios equipment,most of which is owned by Parr Street Studios Limited.

Recording Studio 1

Console:Neve VR60 Legend

Monitoring:Quested HM415Genelec 1031AYamaha NS10AuratoneBeyer DT100’s

Recording:2 x Studer A827 24-track 2” tape machinesStuder A800 1/4” mastering machineProtools HD systemApogee Rosetta 800 AD & DA conversion

Dynamics/EQ:dBx 160A (x2)Drawmer 1960Drawmer DS201 (x2)GML 8200TLA C1Tubetech CL1BTubetech PE1CTubetech ME1BUrei 1176Urei 1178Urei LA-4A

Selection of Radial & EMO DI Boxes

Microphones:AKG D12AKG D112AKG C414 - EBAKG C414B - ULSAKG 451EAKG 451CAudix D6Coles 4038DPA 4006Earthworks QTC1 (matched pair)Neumann U47 FETNeumann U87Neumann M269Neumann KM84Neumann KM184Neumann KM86Neumann TLM49Sennheiser MD421Shure SM58Shure SM57

Instruments:Yamaha C3 GrandHammond B3Selection of Leslie SpeakersFender RhodesWurlitzerMarshall JCM800 stackVox AC30Vox AC15Kustom ampPercussion BoxLudwig (endorsed) drum kitYamaha Stage Custom drum kit

Reverb/FX:Alesis QuadreverbAMS RMX16AMS DMX1580SBel FlangerEMT 140 plate reverbLexicon 480LLexicon PCM81The PanscanRoland SDE-300Roland Chorus EchoRoland Space Echo

Equipment & Layout of Studio 1

Rental Income £35,000 per annum

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Recording Studio 3 24

Studio 3 is famous for being the room where Chris Martin wrote ‘The Scientist’, and Coldplay recorded most of their debut album ‘Parachutes’.It’s got a fantastic creative vibe and quick workflow, making it ideal for writing and demo-ing new songs. The upright piano and selection of vintageinstruments definitely make it the musicians choice - and with a full Pro Tools HD system, huge mic collection, and newly installed British-builtAudient ASP8024-24 console - engineers and producers love it too.

Studio 3 is a tenant business bringing in an income of £16,000 plus VAT a year. The rent includes the recording studios equipment,most of which is owned by Parr Street Studios Limited.

Recording Studio 1

Console:Audient ASP 8024-24

Monitoring:Quested VH3208Genelec 1031AYamaha NS10Beyer DT100’s

Recording:Protools HD System

Pre’s/Dynamics/EQ:Avalon 737dBx 160A (x2)Drawmer DL221 (x1)Drawmer DS201 (x3)Focusrite Red 8GML CompressorTLA C1TLA 2001Urei 1178

Selection of Radial & EMO DI Boxes

Microphones:AKG D12AKG D112AKG C414 - EBAKG C414B - ULSAKG 451EAKG 451CAudix D6Coles 4038DPA 4006Earthworks QTC1 (matched pair)Neumann U47 FETNeumann U87Neumann M269Neumann KM84Neumann KM184Neumann KM86Sennheiser MD421Sennheiser E604Shure SM58Shure SM57

Instruments:Bachmann Upright PianoRoland VK8Fender Rhodes ’73Marshall JCM800 stackVox AC30Vox AC15Percussion BoxLudwig (endorsed) drum kitYamaha Stage Custom drum kitVintage premier drum kit

Equipment & Layout of Studio 3

Rental Income £16,000 per annum

25

Liverpool is the commercial, educational and cultural capital of theMerseyside sub-region with a residential population in the Merseysidearea of 1.4 million people and a City population in excess of 430,000people. Liverpool is the second largest City in the North West ofEngland located 56km (35 miles) west of Manchester and 31 km (19miles) north of Chester. The City was awarded European Capital ofCulture for 2008 and is a UNESCO World Heritage Site as a MaritimeMercantile City sharing this status with 850 other cultural and naturalWorld Heritage sites which include The Great Wall of China and thePyramids of Giza. Liverpool has a glorious maritime history, world-beating musical heritage, two of the Premiership’s biggest footballteams in Liverpool FC and Everton FC and not one, but two majesticallydifferent Cathedrals. The surrounding City region is also home toEngland’s Golf Coast, the finest stretch of championship golf in theworld, with no fewer than three Royal Links courses which have hostednumerous Open Championships and Ryder Cups. These include RoyalBirkdale in Southport and Royal Liverpool at Hoylake on the Wirral onlya few miles from Liverpool City Centre. In addition to soccer and golf,Liverpool hosts the world-famous John Smith’s Grand National eachyear at its Aintree Racecourse, with another first class race course atHaydock Park. The Liverpool sport scene also includes rugby, with astrong Rugby League following for St Helens Rugby and the WidnesVikings, two of the sport’s oldest teams. Liverpool has one of the mostfamous and instantly recognisable waterfronts in the World and water-skiing and sailing is available at Queen’s Dock right beside the RiverMersey and top-flight tennis can be seen at Liverpool’s AnnualInternational Tennis Tournament.

26 About the Area/Location

In the past decade there has been considerable diversity in industrial,manufacturing and service sectors within the City and major companieswith Headquarter buildings in the City include Royal & Sun Alliance,KPMG, Ford/Jaguar, Pilkington, Bibby Lyon, Royal Liver and QVC.Major call centre companies such as BT, US Airways, Swiss Life andCapital Bank are based in the area. The Port of Liverpool handles circa30 million tonnes of freight per annum and is a major UK Port for tradewith North America. The City has three Universities within its’boundaries and another within a few miles and several colleges offurther education have swelled the student population of Liverpool to53,000 and this represents a growing economic sector within the City.The John Lennon Airport at Speke is located 10km South East of theCity Centre providing national and international destinations with over5million passengers using the airport in 2010. Manchester Airport is 56km West of Liverpool City Centre. Major Motorways, M62, M58, M57and M53 link the City to the national motorway network to the North Eastand West of the City Centre and are all accessible within 9 km.

Core Income 27

BarsThe AtticSTUDIO2

StudiosStudio 1Studio 3

OfficesSF1SF2SF3SF5SF6SF7SF8GF1GF2Studio 4

CompanyThe AtticThe Unwind Lounge

Beatmatch ProductionsBeatmatch Productions

VacantSSEParr Street Music School3Beat MusicVacantPlast-c DesignVacantRooftop AudioVacantAce Films

TypeFRI LeaseFRI Lease

FRI LeaseFRI Lease

LicenseLicenseLicenseLicenseLicenseLicenseLicenseLicenseLicenseLicense

Start Date01/08/200601/05/2012

01/06/200910/06/2009

Suit Desks4 or 54 or 5

33

4 or 54 or 5

322

6 or 7

End Date31/07/202130/04/2022Bars

31/05/201431/05/2014Studios

OfficesTotal Rent

HotelPodZzz

Annual£34,000£41,600£75,600

£35,000£16,000£51,000

£4,800£4,800£4,200£4,800£5,400£5,200£4,560£2,400£2,640£5,400

£44,200£170,800

plus£150-250,000

£18-60,000sales turnover

per annum

Tenancy AgreementsParr Street Studios Limited is a landlord and also ahotel operator. As landlord there are 10 offices forrent, plus 2 bars & 2 recording studios.

Full Repairing & Insured LeasesThere are 4 FRI leases in place - including the AtticBar & Restaurant, STUDIO2 Bar & Live Music Venue& two of the remaining and largest of the recordingstudios (Studios 1 and 3). The total annual rentalincome for these FRI Leases is £126,600 (plus VAT)

LicencesThere are 10 offices where a licence applies ratherthan an FRI lease. When all offices are rented thetotal annual Licence income would be £44,200.

HotelThe average annual Hotel income is £150,000 (plusVAT) with capacity to increase the hotel income byanother £60,000 to £100,000. Therefore, a purchasercould except the Hotel to achieve a sales turnover of£210,000 to £250,000 per annum based on fulloccupancy levels.

PodZzzThe PodZzz were built as an experimental concept inMarch 2011 to replace 2 under used offices on themezzanine floor. Instead of achieving an office rent ofless than £400 a month the same space is nowachieving an average income of £1500 (plus VAT)each month. However, the PodZzz have the capacityto achieve a sales turnover of up to £5000 a month atfull occupancy levels.

Freehold for Sale: Terms



Mixed Use Investment OpportunityBusiness Unaffected

Freehold together with Hotel Business & Tenant Rental

● 20,000 sq ft / 1,858 sq m● 18 bedroom hotel● 2 award winning bars & event venues● 10 offices● 7 space car park● 2 fully equipped recording studios● Collector items● Prominent City Centre Position● Potential to Expand● Close to Liverpool ONE, Chinatown, Restaurants, Bars,

Colleges and Universities

For sales enquiries please contact:The sale of the freehold of Parr Street Studios is being handledby joint sales agents:-

Andrew Moore, GVA Hotels and Leisure81 Fountain Street, Manchester, M2 2EEDirect Dial: +44(0)161 956 4024Mobile: +44(0)7920 824280Email: [email protected]: 4704Andrew Owen of Mason OwenGladstone House, Union Court, Liverpool L2 4UQDirect Dial: +44(0)151 242 3120Mobile: +44(0)7798 576789Email: [email protected]

For press enquiries please contact:For all media enquiries relating to the sale of Parr StreetStudios, please contact Jayne Moore on +44 (0)7773 846962or by email at [email protected]

Misrepresentation Act 1967These details are provided only as a generalguide to what is being offered subject tocontract and subject to lease being availableand are not intended to be construed ascontaining any representation of fact uponwhich any interested party is entitled to rely.Other than this general guide neither we norany person in our employ has any authority tomake, give or imply any representation orwarranty whatsoever relating to the propertiesin these details. April 2012

VATAll figures quoted are exclusive of but may beliable to VAT.

ViewingStrictly by appointment only with the agents.

Online Sales info: www.parrstreet.co.uk/ParrSt/Preview.htm

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http://www.parrstreet.co.uk/ParrSt/Preview.htm

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