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Retail Units & Shops

Merseyside

Liverpool

property

Let

Foodstore Investment Opportunity, Heron Foods, 539 West Derby Road, Tuebrook West Derby Road, Tuebrook, Liverpool, L13 8AA

Use Class

Size

6,752 sq ft

Rent pa

POA

Price

£300,000

Market Sector

High Street Scheme

Key Features

Located in Tuebrook a densely populated suburb of Liverpool
Situated fronting West Derby Road, an established retail pitch in close proximity to national retailers including Subway, KFC, Bargain Booze and Iceland
Let to Heron Frozen Foods Limited(D&B 5A 2)
Lease expiry September 2027 (tenant option to break September 2025)
Providing a net internal area of 6,752 sqft (627 sq m)
VAT elected and providing certain criteria are met the sale may be treated as a TOGC
Reversionary Lease in place from September 2022 rebasing rent from £35,000 to £26,000 pa
Offers in excess of £300,000 (subject to contract and exclusive of VAT
Net Initial Yield 11.29% and a reversion of 8.39% (Sept 2022) after costs of 3.30%

Description

Foodstore Investment Opportunity - UNDER OFFER

The subject property provides a mid terraced part three storey and part two storey building beneath a pitched slate roof to the front and a flat felted roof to the rear. The property benefits from rear servicing off Buckingham Road and a goods lift to first floor.

Internally the premises provide ground floor retail space with ancillary space to the rear and over the upper floors.

Location

Tuebrook is a densely populated residential suburb approximately 4 miles to the east of Liverpool City Centre.

Tuebrook has a resident population of approximately 14,490 persons and a catchment population of 55,472 persons and 25,047 households within a 5 minute drive time.

The subject property is situated fronting West Derby Road (A5049) an arterial route into Liverpool from Queens Drive (A5058).

West Derby Road provides the principal retail pitch for the area with nearby occupiers including Subway, KFC, Greggs and Iceland. There are currently very few voids in the retail units within the immediate vicinity and fronting West Derby Road.

Other occupiers nearby are generally local in nature providing a variety of services including takeaway food, hairdressers, charity shops and homewares.

Disclaimer

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.