1-11 Liscard Village
Liscard
Wallasey
Wirral
CH45 4JG

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
    23/Sep/2020
  • Rent
    £45,850 per Annum Exclusive
  • Status
    Contact Us
  • Price*
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 1-11 Liscard Village<br>Liscard<br>Wallasey<br>Wirral<br>CH45 4JG
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* More information on the term "price" can be found here

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.

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

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
Unit 1/3
Ground
Retail
97.00 sq m
(1,044 sq ft)
DP Realty Limited
t/aDomino`s (3)
20 years from
22/06/2012 (6)
£15,0002022
(2032)
Unit 5/7
Ground
Retail
169.00 sq m
(1,819 sq ft)
Age Concern
Wirral (4)
10 years from
01/12/2018 (2)
£15,2502023 (2)
(2028)
Unit 9
Ground
Retail
40.00 sq m
(430 sq ft)
LH Retail Limited
(storage)
12 month Licence
from 1/12/2019
£7,800(2020)
Unit 11
Ground
Retail
47.00 sq m
(506 sq ft)
Marshall BusinessServices Limited
(t/aTaxAssist
Accountants)
3 years from
12/02/2019
£7,800(2021)
First Floor 
372.00 sq m
(4,014 sq ft)
VACANT
Total
 
725.00 sq m
(7,813 sq ft)
  £45,850 

(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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    18.09.20
    File Size
    22 MB
    Login to View
  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    807 KB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    814 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
Bingham & Co 68 Whetstone Lane
Birkenhead
CH41 2TF
0843 216 5174
Robin Kendall 0151 647 7372robin@binghamssolicitors.co.uk

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