LondonMetric Sell Co-op in Wallasey

Forge has advised on the successful sale of a long-let convenience food store investment at 83-85 Wallasey Village, in Wallasey.

The property is let to Co-Operative Foodstores Limited on FRI terms until April 2037, providing 12 years unexpired, with attractive annual fixed uplifts of 2.25%. The lease is guaranteed by Co-operative Group Limited, offering secure and growing income backed by one of the UK’s most established convenience operators.

The asset occupies a prominent position on the main A551 through Wallasey Village, sitting at the heart of a dense residential catchment. The substantial 0.83 acre freehold site, 9,359 sq ft of purpose-built accommodation and dedicated customer parking combine to provide a strong, accessible convenience offer in a well-connected coastal location.

Joe Baio commented:

“A hard-fought result for our valued client, LondonMetric, and we’re delighted with the outcome. The price achieved reflects a carefully executed marketing campaign that identified an overseas private investor with a specific requirement for well-let convenience store income.”

For further information on this sale, or to discuss Forge’s upcoming sales and investment opportunities, please contact Joe Baio, Jonathan Mills or Georgia Welch.