Full Income Hotel & PodZzz 2 Tenanted Bars Full Income Offices Tenanted Recording Studios Iconic Liverpool Recording Studios and Hotel Up For Sale

Parr Street Studios has been helping create top 10 albums and singles here in the UK and overseas since 1992. Amazon Studios was purchased by the Genesis Pension Fund in the early 90’s and moved from Kirby to Parr Street to create 5 recording studios in 1992. These recording studios still exist with Studio 1 and Studio 3 now being the busiest. Many big names have recorded at Parr Street. Here are a few: 808 State, Act of Faith, Alfie, Alterkicks, Amorphis, Anathema, Andy Prior, Aswad, Apes Pigs & Spacemen, Atomic Kitten, Atonal, Aquarius Baby Mother, Badly Drawn Boy, Bandit Queen, The Bandits, Belly , Barry Manilow, Basement, Beautiful South, Berri, Beyond, The, Big Circus, Big Yoga Muffin, Bizaar Inc, Bjork, Black Sabbath, Black Star, The Black Velvets, Blaze, Blue Amazon, Blueseed, Boa, Bolt Thrower, The Boo Radleys, 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, Chris Norman, Cleopatra, The Clint Boon Experience, Clinic, Copacabana, Coldplay, Coral, Crackout, Cradle of Faith, Crane Builders, Crescent, Daisy Hicks, 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, Hayley Westenra, 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, Napalm Death, Neville Skelly, New England, New Model Army, New Order, The North, Nowhere Near the Garden, N-Trance, N-Trust, Oceanic, Oleta Adams, 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, Ricky Thomlinson, 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, The Stranglers, Supernaturals, Take That, Terror Vision, Thea Gilmore, The Embassy, Teenage Fanclub, ThisWay, Gavin Thorpe, Total Chaos, Tour De Force, Uncut, Vanessa Brown, Velvet Jones, Verve, Voy, Waikiki, The Wedding Present, Wireless, Witness, Whatever, Wildhearts, Year Zero and many more...

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Recorded at Parr Street…

Mixed Use Investment Opportunity Business 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 handled by joint sales agents:-

parr street studios and hotel the home of coldplay’s first 3 albums

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

Parr Street Studios Limited 33-45 Parr Street Liverpool United Kingdom L1 4JN www.parrstreet.co.uk

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

Freehold for Sale

Andrew Moore, GVA Hotels and Leisure 81 Fountain Street, Manchester, M2 2EE Direct Dial: +44(0)161 956 4024 Mobile: +44(0)7920 824280 Email: [email protected] Reference: 4704 Andrew Owen of Mason Owen Gladstone House, Union Court, Liverpool L2 4UQ Direct Dial: +44(0)151 242 3120 Mobile: +44(0)7798 576789 Email: [email protected] For press enquiries please contact: For all media enquiries relating to the sale of Parr Street Studios, please contact Jayne Moore on +44 (0)7773 846962 or by email at [email protected]

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Parr Street Studios Sales Particulars

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Index…..

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Sales Summary

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

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

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The Attic Bar Previously called 3345 the Attic lounge bar and restaurant is a central social oasis designed for creative's and their friends..

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STUDIO2 Independent Magazine's "Top 50 Best Bar" and Theme Magazine "Best Bar Design" finalist. Has been bar of the month twice in the BBC Good Food Guide's OLIVE Magazine and ESQUIRE Magazine. Also hosts ParrJazz - the region’s best known jazz night residency. Offices for Rental 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 & Two Smoking Barrels” Studio 4 on the first floor and 7 offices on the top floor there is something to suit all budgets and dimensions.

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Studio 1 Studio 1 is based around a Neve VR60 Legend, recording to Studer 2” or Pro Tools HD. It’s fully equipped with an exquisite selection of outboard and microphones, but what makes it stand out from the crowd is the huge live room with natural light, great sounding stone room, amp room with boutique guitar amps, Yamaha C3 grand piano, Hammond B3 and EMT 140 plate reverb. Studio 1 has its own lounge and kitchen. Studio 3 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 vintage instruments definitely make it the musicians choice - and with a full Pro Tools HD system, huge mic collection, and newly installed British-built Audient ASP8024-24 console - engineers and producers love it to. About The Area/Location Parr Street Studios and Hotel is located at 33-45 Parr Street in Liverpool's up-and-coming Ropewalks area. Positioned close to Liverpool Lime Street Station, Central Stations and Liverpool John Lennon Airport and just over two hours from London by train

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Core Income & Overheads

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Terms/Viewing

Table of Contents

parr street studios and hotel the home of coldplay’s first 3 albums

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

Iconic Liverpool Recording Studios and Hotel Up For Sale Of all UK cities, Liverpool has generated the most number one hit records on the pop charts and, now, an important part of its musical heritage – the iconic Parr Street Studios and Hotel - is up for sale. With a fascinating history, the studios have been frequented by a plethora of famous recording artists, and Phil Collins was once a part-owner of the building. The current investment opportunity will enable the legacy of Parr Street to continue into the future, under new ownership. It is being sold as an entire unit with existing long-term leases in place for the two recording studios and two bars. Its value as an investment can be increased by expanding the hotel part of the building without affecting the bars or studios. As you can see on page 2 and during the last few decades, Parr Street Studios have been used by an impressive list of recording 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 the then 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-year plan which involved the successful introduction of new office space, the hotel, the PodZzz and the second bar. Size. Offering over 20,000 square feet/1,858 square metres, freehold, the property brings a ready-made business 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 and STUDIO2); 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 33-45 Parr Street in Liverpool's up-and-coming Ropewalks area. Positioned close to Liverpool Lime Street Station, 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 creative space. 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

Sale Overview

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parr street studios and hotel the home of coldplay’s first 3 albums

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

Iconic Liverpool Recording Studios and Hotel Up For Sale Music Heritage. It has a long history associated with Liverpool’s thriving music scene. Known for its musical heritage, Liverpool is the commercial, educational and cultural capital of the Merseyside sub-region and is the second largest city in the North West of England. It was awarded the accolade of ‘European Capital of Culture’ for 2008. Liverpool is home to Sound City, Mathew Street Festival, Liverpool Music Week, Beatles Story, The Cavern Club, Elevator Studios, Deltasonic, Cream, Epstein Theatre and is being considered 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 main system 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 building and its tenants. We have done what we can in the last six years and now it’s time for someone else to take Parr Street Studios to its next exciting level.” Commenting on the sale, Andrew Moore, Associate, Hotels and Leisure, GVA, said: “To be involved in the sale 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 opportunity to run the hotel or lease it out for further investment income, and a piece of Liverpool’s musical heritage in 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 an outstanding opportunity to expand Parr Street Studio’s hotel, hospitality and office business - or simply to walk 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

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Sales Overview

Although Parr Street Studios is still a thriving recording studio it has since expanded to 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 has plates, bowls, cups, cutlery and a paid mini-bar. To keep rates low we do not offer offer breakfast 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 press as 4 star. First impressions are "WOW" and the beds, NASA inspired memory mattresses and funky showers have been a unanimous and resounding success!

Hotel

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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 rooms sleeping 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 the lower Mezzanine Floor of Parr Street Studios.

The hotel bathrooms are fitted with showers and have either dual or single wash basins. The design is predominantly white with chrome fittings and black and white tiled flooring.

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Hotel

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Hotel Floorplan

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 with free Wi-Fi access and tea/coffee facilities. 5 funky single 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 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 and subject to occupancy levels).

PodZzz - Sleepovers Welcome

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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 with free Wi-Fi access and tea/coffee facilities. 5 funky single 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 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 and subject to occupancy levels).

Single PodZzz Details

Love PodZzz Details

Room Facilities: Air Circulation, Carpeted Floor, Small Desk, Soundproofing, Shared Bathroom, Shared Toilet, LCD Flat-screen TV & Electric Kettle

Room Facilities: as per the single PodZzz

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

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● Room Size: 5 square metres ● Bed Size: 1 Double (sleeps 1 or 2) PodZzz Showers There are 2 separate showers and washing facilities for the use of the 6 pods. They are located directly opposite the 5 single PodZzz and 1 double Love PodZzz

PodZzz - Sleepovers Welcome

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PodZzz - Sleepovers Welcome

PodZzz - Sleepovers Welcome

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There are 2 award winning tenant run bars within Parr Street Studios. The newest is the fantastically laid back and relaxed “The Attic” - the exciting recreation of a bigger 3345 re-opened in March 2012. The other is STUDIO2 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 Magazine and 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.

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Tenanted Bars

There are 2 award winning tenant run bars within Parr Street Studios. The newest is the fantastically laid back and relaxed “The Attic” - the exciting 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 housed inside the famous Parr street recording studios. Previously called 3345 and regularly referred to as the epicentre of the Liverpool music scene they 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 of Parr 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 FRI lease and brings in an annual rental income of £34,000 (excluding VAT). The tenancy is protected and unaffected by any sale of the freehold of Parr Street Studios. The tenant is responsible for their own non-domestic rates “business rates”.

Bars - The Attic Liverpool

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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 Magazine and 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 Gary Millar 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 being renegotiated and brings in an annual rental income of £41,600 (excluding VAT). Once the lease is in place the tenancy will be protected and unaffected 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 Street Studios and also has in excess another 600 square feet of storage and drinks cooler space on its own Mezzanine Floor with access via the kitchen area and directly above the bar and kitchen.

Bars - STUDIO2

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Layout of STUDIO2

Rental Income £41,600 per annum 18

Bars - STUDIO2 Floorplan

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 & Two Smoking 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 Rental

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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 & Two Smoking Barrels” Studio 4 on the first floor and 7 offices on the top floor there is something to suit all budgets and dimensions. 24/7 Access Unusually for a city centre office base, secure access is available 24 hours a day, 7 days a week for most of the year. Most other offices limit access to 8am to 6pm so you have the added bonus of double the availability for a low cost rental price.

Offices 3rd Floor 3F1 3F2 3F3 3F5 3F6 3F7 3F8 Ground GF1 GF2 First Studio 4

Rent PA

Suit Desks

Tenant

Type

Vacant SSE Parr Street Music School 3Beat Music Vacant Plast-c Design Vacant

License License License License License License License

4 or 5 4 or 5 3 3 4 or 5 4 or 5 3

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

Rooftop Audio Vacant

License License

2 2

£2,400 £2,640

Ace Films

License

6 or 7

£5,400 £44,200

Total

Plus VAT

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Offices for Rental

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

Offices to Rent

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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 outboard and microphones, but what makes it stand out from the crowd is the huge live room with natural light, great sounding stone room, amp room with boutique guitar amps, Yamaha C3 grand piano, Hammond B3 and EMT 140 plate reverb. Studio 1 has its own lounge and kitchen and is just 20 yards 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.

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Recording Studio 1

Equipment & Layout of Studio 1 Console: Neve VR60 Legend Monitoring: Quested HM415 Genelec 1031A Yamaha NS10 Auratone Beyer DT100’s Recording: 2 x Studer A827 24-track 2” tape machines Studer A800 1/4” mastering machine Protools HD system Apogee Rosetta 800 AD & DA conversion Dynamics/EQ: dBx 160A (x2) Drawmer 1960 Drawmer DS201 (x2) GML 8200 TLA C1 Tubetech CL1B Tubetech PE1C Tubetech ME1B Urei 1176 Urei 1178 Urei LA-4A

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Reverb/FX: Alesis Quadreverb AMS RMX16 AMS DMX1580S Bel Flanger EMT 140 plate reverb Lexicon 480L Lexicon PCM81 The Panscan Roland SDE-300 Roland Chorus Echo Roland Space Echo

Selection of Radial & EMO DI Boxes Microphones: AKG D12 AKG D112 AKG C414 - EB AKG C414B - ULS AKG 451E AKG 451C Audix D6 Coles 4038 DPA 4006 Earthworks QTC1 (matched pair) Neumann U47 FET Neumann U87 Neumann M269 Neumann KM84 Neumann KM184 Neumann KM86 Neumann TLM49 Sennheiser MD421 Shure SM58 Shure SM57 Instruments: Yamaha C3 Grand Hammond B3 Selection of Leslie Speakers Fender Rhodes Wurlitzer Marshall JCM800 stack Vox AC30 Vox AC15 Kustom amp Percussion Box Ludwig (endorsed) drum kit Yamaha Stage Custom drum kit

Rental Income £35,000 per annum

Recording Studio 1

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 vintage instruments definitely make it the musicians choice - and with a full Pro Tools HD system, huge mic collection, and newly installed British-built Audient 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 3

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Equipment & Layout of Studio 3 Console: Audient ASP 8024-24 Monitoring: Quested VH3208 Genelec 1031A Yamaha NS10 Beyer DT100’s Recording: Protools HD System Pre’s/Dynamics/EQ: Avalon 737 dBx 160A (x2) Drawmer DL221 (x1) Drawmer DS201 (x3) Focusrite Red 8 GML Compressor TLA C1 TLA 2001 Urei 1178

Selection of Radial & EMO DI Boxes Microphones: AKG D12 AKG D112 AKG C414 - EB AKG C414B - ULS AKG 451E AKG 451C Audix D6 Coles 4038 DPA 4006 Earthworks QTC1 (matched pair) Neumann U47 FET Neumann U87 Neumann M269 Neumann KM84 Neumann KM184 Neumann KM86 Sennheiser MD421 Sennheiser E604 Shure SM58 Shure SM57

Instruments: Bachmann Upright Piano Roland VK8 Fender Rhodes ’73 Marshall JCM800 stack Vox AC30 Vox AC15 Percussion Box Ludwig (endorsed) drum kit Yamaha Stage Custom drum kit Vintage premier drum kit

Recording Studio 1

Rental Income £16,000 per annum

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Liverpool is the commercial, educational and cultural capital of the Merseyside sub-region with a residential population in the Merseyside area of 1.4 million people and a City population in excess of 430,000 people. Liverpool is the second largest City in the North West of England located 56km (35 miles) west of Manchester and 31 km (19 miles) north of Chester. The City was awarded European Capital of Culture for 2008 and is a UNESCO World Heritage Site as a Maritime Mercantile City sharing this status with 850 other cultural and natural World Heritage sites which include The Great Wall of China and the Pyramids of Giza. Liverpool has a glorious maritime history, worldbeating musical heritage, two of the Premiership’s biggest football teams in Liverpool FC and Everton FC and not one, but two majestically different Cathedrals. The surrounding City region is also home to England’s Golf Coast, the finest stretch of championship golf in the world, with no fewer than three Royal Links courses which have hosted numerous Open Championships and Ryder Cups. These include Royal Birkdale in Southport and Royal Liverpool at Hoylake on the Wirral only a few miles from Liverpool City Centre. In addition to soccer and golf, Liverpool hosts the world-famous John Smith’s Grand National each year at its Aintree Racecourse, with another first class race course at Haydock Park. The Liverpool sport scene also includes rugby, with a strong Rugby League following for St Helens Rugby and the Widnes Vikings, two of the sport’s oldest teams. Liverpool has one of the most famous and instantly recognisable waterfronts in the World and waterskiing and sailing is available at Queen’s Dock right beside the River Mersey and top-flight tennis can be seen at Liverpool’s Annual International Tennis Tournament.

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In the past decade there has been considerable diversity in industrial, manufacturing and service sectors within the City and major companies with 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 and Capital Bank are based in the area. The Port of Liverpool handles circa 30 million tonnes of freight per annum and is a major UK Port for trade with North America. The City has three Universities within its’ boundaries and another within a few miles and several colleges of further education have swelled the student population of Liverpool to 53,000 and this represents a growing economic sector within the City. The John Lennon Airport at Speke is located 10km South East of the City Centre providing national and international destinations with over 5million passengers using the airport in 2010. Manchester Airport is 56 km West of Liverpool City Centre. Major Motorways, M62, M58, M57 and M53 link the City to the national motorway network to the North East and West of the City Centre and are all accessible within 9 km.

About the Area/Location

Tenancy Agreements Parr Street Studios Limited is a landlord and also a hotel operator. As landlord there are 10 offices for rent, plus 2 bars & 2 recording studios. Full Repairing & Insured Leases There are 4 FRI leases in place - including the Attic Bar & Restaurant, STUDIO2 Bar & Live Music Venue & two of the remaining and largest of the recording studios (Studios 1 and 3). The total annual rental income for these FRI Leases is £126,600 (plus VAT) Licences There are 10 offices where a licence applies rather than an FRI lease. When all offices are rented the total annual Licence income would be £44,200. Hotel The average annual Hotel income is £150,000 (plus VAT) with capacity to increase the hotel income by another £60,000 to £100,000. Therefore, a purchaser could except the Hotel to achieve a sales turnover of £210,000 to £250,000 per annum based on full occupancy levels. PodZzz The PodZzz were built as an experimental concept in March 2011 to replace 2 under used offices on the mezzanine floor. Instead of achieving an office rent of less than £400 a month the same space is now achieving an average income of £1500 (plus VAT) each month. However, the PodZzz have the capacity to achieve a sales turnover of up to £5000 a month at full occupancy levels.

Core Income

Start Date End Date Type FRI Lease 01/08/2006 31/07/2021 FRI Lease 01/05/2012 30/04/2022 Bars

Annual £34,000 £41,600 £75,600

FRI Lease 01/06/2009 31/05/2014 FRI Lease 10/06/2009 31/05/2014 Studios Suit Desks 4 or 5 License Vacant 4 or 5 License SSE 3 Parr Street Music School License 3 License 3Beat Music 4 or 5 License Vacant 4 or 5 License Plast-c Design 3 License Vacant 2 License Rooftop Audio 2 License Vacant 6 or 7 License Ace Films Offices Total Rent

£35,000 £16,000 £51,000

Company Bars The Attic The Attic STUDIO2 The Unwind Lounge Studios Studio 1 Studio 3 Offices SF1 SF2 SF3 SF5 SF6 SF7 SF8 GF1 GF2 Studio 4

Beatmatch Productions Beatmatch Productions

Hotel PodZzz

£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 £18-60,000 sales turnover per annum

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Mixed Use Investment Opportunity Business 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 handled by joint sales agents:-

parr street studios and hotel the home of coldplay’s first 3 albums

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

Misrepresentation Act 1967 These details are provided only as a general guide to what is being offered subject to contract and subject to lease being available and are not intended to be construed as containing any representation of fact upon which any interested party is entitled to rely. Other than this general guide neither we nor any person in our employ has any authority to make, give or imply any representation or warranty whatsoever relating to the properties in these details. April 2012 VAT All figures quoted are exclusive of but may be liable to VAT. Viewing Strictly by appointment only with the agents.

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

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Andrew Moore, GVA Hotels and Leisure 81 Fountain Street, Manchester, M2 2EE Direct Dial: +44(0)161 956 4024 Mobile: +44(0)7920 824280 Email: [email protected] Reference: 4704 Andrew Owen of Mason Owen Gladstone House, Union Court, Liverpool L2 4UQ Direct Dial: +44(0)151 242 3120 Mobile: +44(0)7798 576789 Email: [email protected] For press enquiries please contact: For all media enquiries relating to the sale of Parr Street Studios, please contact Jayne Moore on +44 (0)7773 846962 or by email at [email protected]

Freehold for Sale: Terms