FREEHOLD INVESTMENT FOR SALE 51/53 Thingwall Road, Irby, Wirral, CH61 3UE INVESTMENT SUMMARY · Located in the affluent Wirral village of Irby · Situated fronting Thingwall Road and providing part of the neighbourhood’s principal shopping · Comprising the ground floor retail unit with the upper floor residential having been sold off Long Leasehold · Property is well secured to Martin McColl Ltd (D&B 5A 1) by way of a lease expiring 16 September 2034 · Lease benefits from fixed rental increases · Property is not elected for VAT · Topped up rent £15,518 per annum · Price: £255,000 · Net initial yield: 5.93% after costs at 2.68% · Below reversionary yield profile: 17 September 2024 6.54% 17 September 2029 7.22% Call now 0151 242 3000 www.masonowen.com 51/53 Thingwall Road, Irby, Wirral, CH61 3UE Location VAT The village of Irby is located on the western side of the The property is not elected for VAT. Wirral peninsula approximately 2 miles north of Heswall and 3 miles south of West Kirby. The village has a resident Energy Performance Certificate population in the region of 6,100 people and can be Band D considered to be an affluent area. Tenure Situation Freehold The property is prominently located at the end of a small neighbourhood parade that provides the principal shopping thoroughfare of the village. Nearby retailers include Claire Proposal House Charity, and a variety of local traders including a We are instructed by our clients to seek £255,000 subject to pharmacy, pet shop, café and florist. contract and exclusive of VAT for their freehold interest. A purchase at this level will reflect a Net Initial Yield of 5.93% after purchaser’s costs of 2.68% and the below reversionary Description yield profile: The property comprises the ground floor retail unit with the first floor residential having been sold off long leasehold. 17 September 2024 6.54% The property is of brick construction beneath a dual pitched 17 September 2029 7.22% roof and benefits from off-road parking to the front and yard to the rear. McColls also occupy the adjacent unit which is The long leasehold interest of the first floor residential under separate ownership and have removed the party apartment is available by way of separate negotiation. wall. Anti-Money Laundering Accommodation Under Money Laundering Regulations, we are obliged to Gross Frontage 23’04” (7.12 m) verify the identity of a proposed purchaser once a sale has Net Frontage 20’04” (6.02 m) been agreed and prior to instructing solicitors. Shop Depth 48’06” (14.79 m) Shop Width 22’08” (6.93 m) Ground Floor Sales 761 sq ft (70.73 sq m) ITZA 577 units Ancillary Storage 211 sq ft (19.64 sq m) Staff 73 sq ft (6.79 sq m) Tenancy The ground floor retail unit is let to Martin McColl Ltd by way of a reversionary lease expiring 16 September 2034 at a topped up rent of £15,518 per annum. The lease is drawn on effective Full Repairing & Insuring terms and the rent is subject to fixed increases as detailed below. 17 September 2024 £17,133 pa 17 September 2029 £18,916 pa The landlord will top up the passing rent on completion to the fixed increase in 17 September 2019. The first floor residential apartment has been sold off long leasehold for a term of 999 years from 1 January 2008 at a peppercorn rent. The long lease is drawn on effective full repairing and insuring terms. Covenant Information Martin McColl Ltd are D&B rated 5A 1 McColl’s trade from over 1,600 stores throughout the UK with approximately three quarters of those being convenience stores and the remainder trading as newsagents. Their brands include McColl’s, Martin’s and R. S. McColl. Martin McColl employ nearly 20,000 full and part-tine staff and is visited by over 4.5 million customers every week. The company floated on the London Stock Further Information Exchange in 2014. Further information can be found at Contact: Andrew Scott http://www.mccolls.co.uk/investor Tel: 0151 242 3043 Email: [email protected] Misrepresentation Act 1967 Messrs. Mason Owen & Partners for themselves and for vendors or lessors of this property whose agents they are, give notice that the particulars are set out as a general outline for the guidance of intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract. All descriptions, dimensions, reference to condition and necessary permissions for use and occupation and other details, are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Messrs. Mason Owen & Partners has any authority to make or give any representation or warranty whatever in relation to this property. Subject to Contract. .