£2.5m guide price for Wirral leisure and retail development

The freehold interest of a 15,366 sq ft retail and leisure site is being marketed, with a guide price of £2.5m.

CBRE’s operational real estate team in Manchester and LBL Real Estate have been jointly instructed to sell the freehold interest of The Curve, in Wirral’s Heswall town centre.

The sale is described as a “a rare opportunity”.

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 gym with adjoining 14-space car park.

The retail and leisure units on the ground floor range from around 1,276 sq ft to 5,300 sq ft of high quality, open plan accommodation.

The immediate vicinity forms the town’s bustling 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 (JD Wetherspoon) 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 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, said: “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.’’