Retail premises for sale in Liscard Village, Wallasey CH45

Offers in region of £950,000 (£134.58/sq. ft)
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Retail premises for sale

7,059 sq. ft*

Property description

Key Points

  • Let to Tesco Stores until February 2039
  • Passing rental £66,410 pa
  • Located in the centre of Wallasey
  • Breaks at the end of the fifth & tenth years
  • Undoubted covenant - net worth £4.9bn
  • Five yearly rent reviews
  • Large site area including car parking
  • Description

    The subject property is a purpose built retail building. The premises comprise a large convenience store with ancillary stores as well as a lock up retail unit used by a funeral director.

    The building occupies a large site area with car parking to the rear.

    Location

    The subject property is located in Wallasey within the Metropolitan Borough of Wirral, in Merseyside. The property is on Liscard Village and it forms part of the main shopping area being a short distance from Liscard Way and the Cherry Tree Shopping Centre.

    Wallasey is located at the northern end of the Wirral Peninsula, 3 miles north of Birkenhead. The M53 begins at the town's edge and access to Central Liverpool is provided by the Kingsway Tunnel.

    Asking Terms

    The property is available for sale and we are inviting offers in the region of £950,000. A purchase at this level reflects a Net Initial Yield of 6.61% after allowing for purchaser costs. VAT is thought to be applicable.

    Money Laundering Checks

    In order to comply with Anti-Money Laundering Legislation, the successful purchaser will be required to provide certain identification documents. The required documents will requested from the successful purchaser.

    Occupational Lease Details

    The premises in their entirety are let to Tesco Stores Limited on a new 15 year lease until 26th Feb 2039. The lease is subject to five yearly breaks and rent reviews. Therefore, there are five years term certainty.

    Property info

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    SMC Chartered Surveyors, S1 on +44 114 446 9322 * (local rate)

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    Disclaimer

    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by SMC Chartered Surveyors, and do not constitute property particulars. Please contact SMC Chartered Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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