Offers over
£1,700,000
(£69.94/sq. ft)
Retail premises for saleWallasey Road, Liscard CH45
24,305 sq. ft
About this property
Retail Parade Investment Opportunity
Freehold
• Prominent position fronting Wallasey Road, • Two storey parade providing 8 retail units and 1 leisure unit, • Rear car park/service area accessed off Wallasey Road and Moseley Avenue, • Fully let with 68% of income received from Wetherspoons, Oxfam, BetFred and Papa Johns, • 43% of income secured to J D Wetherspoon Plc for 30 years from August 2025 with fixed rental increases, • Wetherspoons have commenced a £300,000 refurbishment of their premises to include an outdoor seating area to the rear, • Service Charge in place for all tenants operated by managing agent, • Passing Rent: £173,800 per annum
• Seeking offers in excess of £1,700,000 subject to contract and exclusive of VAT
• Net Initial Yield: 9.63% (after purchaser’s costs at 6.18%)
• Reversionary Yield August 2026: 10.18% (after purchaser’s costs at 6.18%)
• Seeking offers in excess of £1,700,000 subject to contract and exclusive of VAT
• Net Initial Yield: 9.63% (after purchaser’s costs at 6.18%)
• Reversionary Yield August 2026: 10.18% (after purchaser’s costs at 6.18%)
Mortgage calculator
Monthly repayment
£8,504 per month
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