Freehold Retail Investment and Development Opportunity for 6 Flats (1)
Prominent Town Centre Freehold
Comprises 4 Shops and Vacant Upper floor (1)
Part let to DP Realty Ltd (t/a Dominos) on a lease expiring 2032 (6)
Part let to Age Concern Wirral on a lease expiring 2028 (2)
Lot 46
Auction 23rd September 2020
Rent £45,850 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
3 miles north-west of Liverpool
3 miles north of Birkenhead
18 miles north east of Chester
Roads
A551, A59, M53 (junction 1)
Rail
Wallasey Village Railway Station
Air
Liverpool John Lennon Airport
Situation
Wallasey is a busy Liverpool suburb located 3 miles northwest of the city centre. The property is prominently situated on the corner of Liscard Village, opposite its junction with pedestrianised Liscard Way. The property is close to the Cherry Tree Shopping Centre which houses retailers including Holland & Barrett, Costa, Primark and Wilko. Other nearby occupiers include Tesco, Boots, Superdrug, McDonalds, Post Office and Barclays.
Tenure
Freehold.
Location
Miles
3 miles north-west of Liverpool
3 miles north of Birkenhead
18 miles north east of Chester
Roads
A551, A59, M53 (junction 1)
Rail
Wallasey Village Railway Station
Air
Liverpool John Lennon Airport
Situation
Wallasey is a busy Liverpool suburb located 3 miles northwest of the city centre. The property is prominently situated on the corner of Liscard Village, opposite its junction with pedestrianised Liscard Way. The property is close to the Cherry Tree Shopping Centre which houses retailers including Holland & Barrett, Costa, Primark and Wilko. Other nearby occupiers include Tesco, Boots, Superdrug, McDonalds, Post Office and Barclays.
Tenure
Freehold.
Description
The property comprises 4 ground floor shops together with vacant first floor. The first floor formerly used as office accommodation.
VAT
VAT is applicable to this lot.
Planning
(1) The first floor benefits from planning permission for 6 x 1 bedroom flats dated 28/09/2018 - Interested parties are referred to www.wirral.gov.uk Planning Ref : APP/18/01023.
Completion Period
Six Week Completion
EPC
See legal pack at www.acuitus.co.uk
Description
The property comprises 4 ground floor shops together with vacant first floor. The first floor formerly used as office accommodation.
VAT
VAT is applicable to this lot.
Planning
(1) The first floor benefits from planning permission for 6 x 1 bedroom flats dated 28/09/2018 - Interested parties are referred to www.wirral.gov.uk Planning Ref : APP/18/01023.
(2) Tenants option to determine in the 5th year. (3) Since opening the first Dominos store in the UK in 1985, we now have over 1,000 stores across the country and more than 35,000 team members. Last year, we sold almost 90 million freshly handcrafted pizzas. (Source : www.dominos.co.uk) For the year ended 30th December 2018 DP Realty Limited reported Total Turnover of 26,451,000, Pre-Tax Profits 823,000 and Shareholders Funds of 4,370,000 (Source : SmartSearch 24/08/2020) (4) Age UK trade from over 400 shops nationwide (source: www.ageuk.org.uk) (5) www.taxassist.co.uk/accountants/wallasey (6) Tenants option to determine on 21/06/2023
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
