The road skirting Wallasey (3)

I believe the answer is:

way

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'the road' is the definition.
(I've seen this in other clues)

I don't understand the rest of the clue.

(Other definitions for way that I've seen before include "'Manner, mode (3)'" , "Path" , "Method; route" , "Manner; road" , "Route; direction" .)

I've seen this clue in the Evening Standard.

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