We are instructed to seek offers in excess of £465,000 (four hundred and sixty five thousand pounds) subject to contract for the freehold interest.
A purchase at this level would reflect a net initial yield of 6.36%, with a reversionary yield of 7.02% in 2025 assuming purchaser’s costs of 4.54%.
Mini supermarket serving densely populated residential area ›› substantial car parking available on the street ›› the whole property is let for 16.5 years with no breaks to martin mccoll limited with a guarantee from mccoll’s retail group plc ›› fixed uplifts at 2% pa compounded throughout offering guaranteed rental growth ›› total current rents reserved £30,904 per annum rising to £34,121 per annum on 21st august 2025, low passing rent of only £4.55 per sq ft.
Net income yield
Net operating income
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Property facts for 30-36 Trafalgar Rd, Wallasey
The building is a single storey corner sited building under a flat roof. The retail shop is arranged over the ground floor with large ancillary and staff accommodation to the rear. The sales area incorporates a post office, a full range of grocery products and an off licence. There is considerable car parking available on the street.
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