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320 Woodchurch Rd 4,878 sq ft Retail Property Birkenhead CH42 8PQ £490,000 (£100.45/sq ft)
Investment Highlights
- Freehold Supermarket Investment.
- Let to Farmfoods.
- Tenant In Occupation for 30+ Years.
- VAT-Free Investment.
- Retail Unit and Large Rear Car Park.
- 10 Year Lease Expiring 26.10.2029.
- 4,878 sq ft (453.2 sq m).
- Investment Let at £46,500 p.a. (9.5% GIY on Guide Price).
Executive Summary
The property comprises a high yielding supermarket investment let to Farmfoods and occupying a prominent pitch. Arranged as a ground floor retail unit with a large rear car park of approx. 23 spaces, the property is fully let to Farmfoods Limited, a long-standing tenant of 30+ years on a 10 year lease expiring 26.10.2029 and paying £46,500 per annum. We consider the property may offer asset management potential via renewal of the lease and improvement of rent, with the current rent being below the rateable value of £52,500. The property benefits from a prominent frontage to Woodchurch Road, a principal arterial route and the main retail amenity in Prenton. The property is well located for grocery amenity with tenants on the same street including Kwik Fit, Aldi and Sainsburys.
Property Facts
Amenities
- Security System
- Storage Space
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
-
- Wholesaler
- 4,878 sq ft
- -
- Oct 2029
Farmfoods is a privately held British supermarket chain specializing in frozen foods and grocery products. Established in 1955, the company has grown from a single store into a nationwide retailer with hundreds of locations across the United Kingdom. Headquartered in Cumbernauld, Scotland, Farmfoods focuses on providing a wide range of frozen goods, fresh produce, and household essentials at competitive prices. Over the years, the company has expanded its footprint through strategic store openings and acquisitions, maintaining a strong presence in both urban and suburban markets. Recent developments include new store openings in the UK and international expansion into the United States, signaling a commitment to growth and market diversification. Farmfoods continues to adapt to evolving consumer preferences while emphasizing value and convenience in its offerings.
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
|
|
Wholesaler | 4,878 sq ft | - | Oct 2029 |
Nearby Major Retailers
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320 Woodchurch Rd
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