Investment Summary

Homebase, Stephenson Way, Formby, Liverpool L37 8EG

  • Prime retail warehouse investment opportunity in an affluent town
  • Prominent site fronting an arterial road out of the town and at the front of the town's largest industrial estate
  • Purpose built retail warehouse with seperate external garden centre of 29,178 sq ft
  • Dominant DIY store for it's catchment area
  • Excellent car parking ratio of 1:233 sq ft
  • A large site of 2.15 acres providing a low site cover of approximately 32%
  • Flexible 'wide bulky goods' planning permission
  • Let to HGGL Ltd (formerly Homebase Ltd) for a further 8.5 years
  • Current passing rent of £364,725 per annum (£12.50 psf)
  • Short and medium term asset management/development opportunities
  • Offers sought in excess of £4,900,000 (STC)
  • Attractive 7% Net Initial Yield
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