A town centre retail development in Liverpool city region is on the market with a price tag of £2.5m. Tony McDonough reports
Commercial property agents are seeking £2.5m for the freehold interest of a retail development in Wirral.
Located in Heswall town centre, The Curve is a 5,366 sq ft mixed use scheme that is home to seven retail, leisure and bar restaurant tenants. They include WH Smith, Loungers and Snap Fitness.
Being jointly marketed by CBRE and LBL Real Estate, the two-storey site is located in a central and prime position in the town centre fronting Telegraph Road and The Mount.
It has seen significant redevelopment and modernisation since the building’s origins as a supermarket in the 1950s.
The first floor houses two offices and gym with adjoining 14-space car park. The retail and leisure units on the ground floor range from 1,276 sq ft to 5,300 sq ft.
In the immediate vicinity are a number of well-known businesses including Santander Bank, Boots, Gusto and The Pense Well (JD Wetherspoon).
Shaun Skidmore, senior director at CBRE, said: “This is a rare investment opportunity for the right investor to acquire The Curve in the affluent and vibrant town of Heswall in a stunning part of the Wirral Peninsula.
READ MORE: £9.6m new homes scheme caters for bats, toads and newts
READ MORE: Developer reveals start for Wirral housing scheme
“The multi-let scheme, which is prominently placed in the heart of Heswall’s retail core, is an integral part of the town’s popular bar restaurant scene. It also offers a range of asset management opportunities to further increase rental income and capital value’’
Nick Huddleston, director at LBL Real Estate, added: “The scheme is fully let to a wide and varied national and regional tenant-base with further income growth potential and continued strong occupier interest for units.
“The Curve benefits from a large footfall from residents, visitors and tourists alike. There is also the prospect of acquiring the SPV Property holding company.’’