A freehold retail and leisure multi-let investment opportunity in Wirral has hit the market.
CBRE’s Operational Real Estate team in Manchester together with LBL Real Estate have been jointly instructed to sell the freehold interest of The Curve in the heart of Heswall town centre. The 15,366 sq ft mixed-use scheme has a guide offer of £2.5M.
The two-storey scheme, situated in a central and prime position in the town centre fronting Telegraph Road and The Mount, has seen significant redevelopment and modernisation since the building’s origins as a supermarket in the 1950s.
The building comprises seven retail, leisure, and bar restaurant tenants anchored by WH Smith, Loungers and Snap Fitness.
The first floor houses two offices and a gym with an adjoining 14-space car park. The retail and leisure units on the ground floor range from c 1,276 sq ft to 5,300 sq ft.
The immediate vicinity forms the town’s retail and bar restaurant area which is home to a number of nearby national and regional occupiers including Santander Bank, Boots, Gusto, The Pense Well, and more.
Shaun Skidmore, Senior Director, CBRE’s Manchester OPRE team said, “This is a rare investment opportunity for the right investor to acquire The Curve in the affluent and vibrant town of Heswall in a stunning part of the Wirral Peninsula.
“The multi-let scheme, which is prominently placed in the heart of Heswall’s retail core and is an integral part of the town’s popular bar restaurant scene, also offers a range of asset management opportunities to further increase rental income and capital value’’
Nick Huddleston, Director at LBL Real Estate in Manchester added, “The scheme is fully let to a wide and varied national and regional tenant-base with further income growth potential and continued strong occupier interest for units. The Curve benefits from a large footfall from residents, visitors and tourists alike. There is also the prospect of acquiring the SPV Property holding company.’’