Commercial property for sale in Grange Road, Birkenhead CH41
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Property features
- To be offered on Tuesday 3 September
- High Yielding Retail Investment
- Let to One Beyond on a five year lease
- Lease Expires 25/04/2027
- Producing £42,500 per annum
- 9,766 sq ft (907.3 sq m)
- 2024 Break Not Exercised
- Asset Management Potential
- Established High Footfall Location
- Guide Price Reflects 17% Gross Yield
Property description
Strapline
Auction Sale - 03/09/2024
High Yielding, Town Centre Retail Investment Opportunity
Let to One Beyond on a five year lease expiring 25/04/2027 and producing £42,500 per annum
High Footfall Pedestrianised Pitch in Central Birkenhead
Description
The property comprises a high yielding retail investment situated in a high footfall location and let to the well regarded covenant of One Beyond.
Arranged across basement and ground floors and providing 9,766 sq ft (907.3 sq m) of accommodation the property is let to One Beyond on a five year lease expiring 25/04/2027 and paying £42,500 per annum. The tenant did not exercise their 2024 break option displaying confidence in the location.
Located in the heart of Birkenhead Town Centre, the property comprises open plan retail space, a staff room and a storage room. The street is anchored by a large Asda supermarket and St Johns Square shopping centre, there is also a large car park to the rear. Nearby occupiers include Halifax, Primark, Boots, EE and Subway.
Location
The property is situated on the pedestrianized Grange Road in the retail centre of Birkenhead (adjacent to Pyramids Shopping centre). It is approximately 2 miles west of Liverpool City Centre. The property also benefits from being a 5 minute walk to Birkenhead Central Train Station.
Transport
Birkenhead Central Train Station - Merseyrail
Tenancy
The property is let to One Beyond on a five year lease expiring 25/04/2027 and paying £42,500 per annum. The lease is on full repairing and insuring terms and the tenant did not exercise their 2024 break option displaying confidence in the location.
Onebeyond Retail Limited
- D&B Rating - 2A3
- Turnover (2023) - £103,469,271
- Pre-Tax Profit (2023) - £1,622,552
- Employees - 1,313
Onebeyond is a popular national discount retailer with over 100 stores nationwide.
For more information about this property, please contact
Savills - National Auctions, W1G on +44 20 8022 4160 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Savills - National Auctions, and do not constitute property particulars. Please contact Savills - National Auctions for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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