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40-60 Wallasey Rd 24,305 SF 100% Leased Retail Building Wallasey CH45 4NW $2,316,865 ($95.32/SF) 10.22% Cap Rate
Executive Summary
• Prominent position fronting Wallasey Road,
• Two storey parade providing 8 retail units and 1 leisure unit,
• Rear car park/service area accessed off Wallasey Road and Moseley Avenue,
• Fully let with 68% of income received from Wetherspoons, Oxfam, BetFred and Papa Johns,
• 43% of income secured to J D Wetherspoon Plc for 30 years from August 2025 with fixed rental increases,
• Wetherspoons have commenced a £300,000 refurbishment of their premises to include an outdoor seating area to the rear,
• Service Charge in place for all tenants operated by managing agent,
• Passing Rent: £173,800 per annum
• Seeking offers in excess of £1,700,000 subject to contract and exclusive of VAT
• Net Initial Yield: 9.63% (after purchaser’s costs at 6.18%)
• Reversionary Yield August 2026: 10.18% (after purchaser’s costs at 6.18%)
• Two storey parade providing 8 retail units and 1 leisure unit,
• Rear car park/service area accessed off Wallasey Road and Moseley Avenue,
• Fully let with 68% of income received from Wetherspoons, Oxfam, BetFred and Papa Johns,
• 43% of income secured to J D Wetherspoon Plc for 30 years from August 2025 with fixed rental increases,
• Wetherspoons have commenced a £300,000 refurbishment of their premises to include an outdoor seating area to the rear,
• Service Charge in place for all tenants operated by managing agent,
• Passing Rent: £173,800 per annum
• Seeking offers in excess of £1,700,000 subject to contract and exclusive of VAT
• Net Initial Yield: 9.63% (after purchaser’s costs at 6.18%)
• Reversionary Yield August 2026: 10.18% (after purchaser’s costs at 6.18%)
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
24,305 SF
Year Built
1000
Price
$2,316,865
Price Per SF
$95.32
Cap Rate
10.22%
NOI
$236,865
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
1 1
Nearby Major Retailers
1 of 2
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40-60 Wallasey Rd
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