40-60 Wallasey Road, Liscard, Wallasey CH45 4NW
AVAILABLE
- 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%)