The property is arranged on ground floor and part 1st floor to provide an unbroken retail parade which comprises a large supermarket and 2 shop units.
The total area is 1,115.01 sq m (12,003 sq ft).
Location Description
Liverpool is one of the principal cities of the North West and serves a population of some 480,000. The city enjoys good communications, being served by the M58 and M62, both providing links to the M6 some 17 miles to the east.
The property is situated in a prominent position on the southern side of Walton Vale (A69), between its junctions with Park Vale Road and Regina Road.
Occupiers close by include Heron Foods, Greggs and Home Bargains, with Tesco, Lloyds and NatWest a short walk away.
Additional Notes
The entire property is at present let to ICELAND FOODS LIMITED for a term of 25 years from 28th February 2005 at a current rent of £126,961 pa.
The lease provides for a further fixed rental uplift to £143,645 per annum in February 2025 and contains full repairing and insuring covenants.
The 2 ground floor shops are sub-let to Co-op Funeral Care & Pound Fever.
For the year ended 24th March 2017, Iceland Foods Limited reported a turnover of £2.77bn, a pre-tax profit of £67.3m, shareholders’ funds of £805m and a net worth of £784.1m. (Source: Experian 03.11.2017.)