54-56 Wallasey Road, Wallasey

Description

High yielding retail investment forming part of a popular local parade. Arranged as a double ground floor retail unit with upper parts. Fully let to Ski Lounge Limited, with personal guarantors, on a 10-year lease expiring 15.02.2034 and paying £20,000 per annum.

Accommodation

Double ground floor retail unit with upper parts

Location

Prominent pitch forming part of a popular parade fronting Wallasey Road. Forms part of the principal retail amenity within Liscard, with nearby occupiers including KFC, Boots, McDonalds and Primark.

Tenure / Property Information

Investment Analysis

The strongest evidence is the exact property sale at £162,500 on 29 June 2026. This supports a base GDV of £162,500. The other Wallasey Road sales are materially different and are not relied upon for a range. The £135,000 guide is approximately 16.9% below the exact comparable sale, before buyer premium and any applicable VAT.

Investment Snapshot

Strategy Recommendation

Income-led freehold retail investment, subject to confirming the tenant covenant, lease documentation, buyer premium, VAT position and full acquisition costs. Do not rely on a flip margin without verified costs.

Works Required

No refurbishment works are evidenced. The property is fully let on full repairing and insuring terms, so no works allowance is included; legal, lease and condition due diligence remain necessary.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the guide, the property offers contracted income and a supported GDV of £162,500 based on the exact recent sale. A 75% refinance of that GDV is £121,875. Cash left in cannot be calculated reliably because buyer premium, possible VAT and any other acquisition costs are unspecified, and no refurbishment cost is evidenced.

Buy-to-Let Analysis

The passing rent is £20,000 per annum, equivalent to £1,666.67 pcm. Against the £135,000 guide, the headline gross yield is 14.81%. The actual acquisition yield will be lower once the unspecified buyer premium and any applicable VAT are included. No sufficiently specific external rental comparable was identified.

Flip Analysis

The exact recent sale supports a resale value of £162,500, but a reliable flip surplus cannot be calculated because buyer premium, possible VAT, selling costs and refurbishment costs are not supplied. The guide-to-comparable margin is not necessarily available after transaction costs.

Investor Risks & Due Diligence

• The buyer premium is excluded from the guide and its amount is not supplied.

• VAT may apply to the sale, with the treatment and amount unspecified.

• No refurbishment or condition cost evidence is provided.

• No sufficiently specific external rental comparable was identified.

• The investment depends on continued performance by Ski Lounge Limited and the personal guarantors.

• The August 2026 break option was not exercised, but the lease and tenant covenant still require legal and financial verification.

Recommendation

Income-led freehold retail investment, subject to confirming the tenant covenant, lease documentation, buyer premium, VAT position and full acquisition costs. Do not rely on a flip margin without verified costs.

Strategy Rating

Analysis Confidence

The exact property has a recent completed sale and the passing rent and lease terms are supplied. Confidence is reduced by the absence of buyer premium, VAT treatment, condition costs, EPC information and external rental comparables.