Matthews & Goodman
182/188 Hoylake Road, Moreton, Wirral
- Under Offer
- For Sale
- 8,837 sq ft (820.82 sq m)
- Offers in excess of £495,000
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.
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.
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%.
- Freehold investment with potential to add value
- Prominent location, situated in Moreton Town Centre