Iceland Foods, 303 Hoylake Road, Moreton, Wirral CH46 0RL

Wirral, CH46 0RL

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Iceland Foods, 303 Hoylake Road, Moreton, Wirral CH46 0RL
Price £1,200,000
Rent (pa) £117,428
Yield 8.87%

Investment Summary

  • Prominent Foodstore Investment Opportunity
  • Moreton is a town on the north coast of the Wirral Peninsula 7 miles west of Liverpool
  • The property is situated prominently on the southern side of the town of A553 Hoylake Road in Moreton town centre
  • Mixed use location with national commercial occupiers and densely populated surrounding residential areas
  • Excellent connections to the wider highway network with easy access to Junction 2A of the M53 motorway
  • Total floor area of 9,269 sq ft
  • Includes large tarmacadam car park for c. 60 vehicles
  • Let to Iceland Foods Ltd (guaranteed by Ice Acquisitions Limited)
  • 25-year lease from 28th February 2005, expiring on 27th February 2030 (4.69 years unexpired)
  • Current passing rent is £117,428 per annum (£12.67 psf)
  • 5 yearly rent reviews to the greater of open market value or fixed uplifts of 2.50% annually compounded
  • Freehold
Town Wirral
Postcode CH46 0RL
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