Farmfoods Ltd, 320 Woodchurch Road, Birkenhead
Guide Price
£490,000
£100.45 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
4,878 sq ft
453 sq m
- SECTOR
Commercial property for sale
Key features
- Freehold Supermarket Investment
- Retail Unit and Large Rear Car Park
- Let to Farmfoods
- 10 Year Lease Expiring 26.10.2029
- Tenant In Occupation for 30+ Years
- 4,878 sq ft (453.2 sq m)
- VAT-Free Investment
- Investment Let at £46,500 p.a. (9.5% GIY on Guide Price)
Description
The property comprises a high yielding supermarket investment let to Farmfoods and occupying a prominent pitch.
Arranged as a ground floor retail unit with a large rear car park of approx. 23 spaces, the property is fully let to Farmfoods Limited, a long-standing tenant of 30+ years on a 10 year lease expiring 26.10.2029 and paying £46,500 per annum.
We consider the property may offer asset management potential via renewal of the lease and improvement of rent, with the current rent being below the rateable value of £52,500.
The property benefits from a prominent frontage to Woodchurch Road, a principal arterial route and the main retail amenity in Prenton. The property is well located for grocery amenity with tenants on the same street including Kwik Fit, Aldi and Sainsburys.
Arranged as a ground floor retail unit with a large rear car park of approx. 23 spaces, the property is fully let to Farmfoods Limited, a long-standing tenant of 30+ years on a 10 year lease expiring 26.10.2029 and paying £46,500 per annum.
We consider the property may offer asset management potential via renewal of the lease and improvement of rent, with the current rent being below the rateable value of £52,500.
The property benefits from a prominent frontage to Woodchurch Road, a principal arterial route and the main retail amenity in Prenton. The property is well located for grocery amenity with tenants on the same street including Kwik Fit, Aldi and Sainsburys.
Farmfoods Ltd, 320 Woodchurch Road, Birkenhead
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Green Lane Station1.4 miles
- Rock Ferry Station1.4 miles
- Birkenhead Central Station1.4 miles
Notes
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