Entirely let to Wilko Retail Limited until 2026 (no breaks)
Pedestrianised town centre location
Situated close to the White Rose Shopping Centre
Nearby occupiers include Boots, New Look, Costa, Holland & Barrett and JD Sports
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 16
Auction 25th May 2017
Rent £275,388 per Annum Exclusive
Status Sold
Price £2,550,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Joint LPA Receivers
Property Information
Location
Miles
29 miles north-west of Chester, 37 miles south-west of Liverpool
Roads
A548, A55
Rail
Rhyl Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is prominently situated on the north side of pedestrianised Market Street, at its junction with Queen Street in the heart of the town centre. The property is close to the White Rose Shopping Centre, which houses retailers including Boots, New Look, JD Sports and Specsavers. Other nearby occupiers include Costa, Holland & Barrett, Savers, Peacocks, JD Wetherspoon, Santander and NatWest.
Tenure
Freehold.
Location
Miles
29 miles north-west of Chester, 37 miles south-west of Liverpool
Roads
A548, A55
Rail
Rhyl Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is prominently situated on the north side of pedestrianised Market Street, at its junction with Queen Street in the heart of the town centre. The property is close to the White Rose Shopping Centre, which houses retailers including Boots, New Look, JD Sports and Specsavers. Other nearby occupiers include Costa, Holland & Barrett, Savers, Peacocks, JD Wetherspoon, Santander and NatWest.
Tenure
Freehold.
Description
The property comprises a purpose built retail unit with a double height entrance and comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from frontages to both pedestrianised Market Street and Queen Street.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a purpose built retail unit with a double height entrance and comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from frontages to both pedestrianised Market Street and Queen Street.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground First
Retail/Ancillary Ancillary
1,785.92 sq m 693.60 sq m
(19,224 sq ft) (7,466 sq ft)
WILKO RETAIL LIMITED (1)
20 years from 30/05/2006 until 29/05/2026 on a full repairing and insuring lease
£275,388
30/05/2021
Totals
2,479.52 sq m
(26,690 sq ft)
£275,388
(1) For the year ending 30th January 2016, Wilko Retail Limited reported a turnover £1,464,475,000, pre-tax profits of £25,955,000 and a total net worth of £182,398,000 (Source: Experian Group 27/04/2017). NB: There is a sub-station on-site let to SP Manweb Plc for a term of 99 years from 26th May 2006 at nil rent.
