The freehold of The Curve retail and leisure scheme in Heswall town centre has hit the market with a guide price of £2.5m.
The 15,366 sq ft two-storey, mixed-use scheme in the Wirral Peninsular has seen significant redevelopment and modernisation since it originally opened as a supermarket in the 1950s.
The building comprises seven retail, leisure and bar restaurant tenants and is anchored by WHSmith, Loungers and Snap Fitness.
Shaun Skidmore, senior director in CBRE’s Manchester operational real estate team, which together with LBL Real Estate has been jointly instructed to sell the freehold interest, said: “This is a rare investment opportunity for the right investor to acquire The Curve in the affluent and vibrant town of Heswall in a stunning part of the Wirral Peninsula.
“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, added: “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.’’
