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Maghull Developments, a subsidiary of the Liverpool-based Maghull Group has acquired Telegraph House, a prime retail investment opportunity in Crosby town centre for £2.6M.

The acquisition of the 15,000 sq ft property, which comprises eight retail units with offices above, makes Maghull Developments the largest single private landlord in Crosby town centre and owners of approximately 70% of its building stock.

Tenants of Telegraph House include Bet Fred and the Post Office and the site was the former home of the town’s now empty McDonalds.

Maghull Developments has also recently completed the acquisition of the Barclays Bank and Cad’s Wine Bar premises at 16-22 Liverpool Road in Crosby and also owns the Central Buildings and Glenn Buildings properties in the town centre.