182/188 Hoylake Road, Moreton, Wirral

  • For Sale
  • Size: 8,837 sq ft (820.82 sq m)
  • Price: Offers in excess of £495,000
  • Tenure: Freehold

Location:

The property is situated on the northerly side of Hoylake Road (A553) in Moreton Town Centre. Hoylake Road is the main arterial route serving the area and connects with Junction 2 of the M53, approximately 1 mile to the south east of the property. Moreton benefits from excellent public transport connections via Merseyrail at Moreton Station and frequent bus services serving the immediate area.

Description:

Comprising a two-storey self-contained commercial property situated in Moreton Town Centre. It is divided into three sections; ground floor retail showroom, self-contained first floor offices and a garage repair workshop to the rear with separate access from Hoylake Road.

The building is of traditional brick construction with concrete floors throughout and a flat roof behind a parapet wall. To the rear of the property is a vehicle repair workshop of steel frame construction with a solid concrete floor and pitched corrugated asbestos roof.

The rear workshop and showroom are occupied. The first-floor offices are vacant and require refurbishment.

Amenities

 Car Parking
  • Freehold investment with potential to add value
  • Prominent location, situated in Moreton Town Centre

Terms:

The property is available for £495,000 (subject to contract only). A sale at the asking price reflects a net initial yield of 8.28% excluding purchaser’s costs and SDLT. When fully let, the purchase price reflects an attractive net reversionary yield of 10.30%.

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