17 / 19 Station Road Colwyn Bay Clwyd LL29 8BP

17 / 19 Station Road
Colwyn Bay
Clwyd
LL29 8BP

Freehold Retail Opportunity

  • Entirely let to Grabal Alok (UK) Limited (1) t/a QS Clothing at a peppercorn rent
  • Prime pedestrianised town centre location
  • Asset Management Opportunities
  • Nearby occupiers include WH Smith, Betfred, New Look and Boots the Chemist
  • VAT free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    33
  • Auction
    19th May 2016
  • Rent
  • Status
    Sold
  • Price
    £100,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Opportunity

  • Entirely let to Grabal Alok (UK) Limited (1) t/a QS Clothing at a peppercorn rent
  • Prime pedestrianised town centre location
  • Asset Management Opportunities
  • Nearby occupiers include WH Smith, Betfred, New Look and Boots the Chemist
  • VAT free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 33
  • Auction 19th May 2016
  • Rent
  • Status Sold
  • Price £100,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE

Property Information

Location
Miles
50 miles west of Liverpool, 185 miles north of Cardiff
Roads
A55, A470
Rail
Colwyn Bay
Air
Liverpool John Lennon Airport
Situation

The property is situated in the towns prime pedestrianised retail thoroughfare and benefits from nearby occupiers include New Look, WH Smith, Boots the Chemist and Peacocks. The property also benefits from its close proximity to Bay View Centre which houses tenants including Iceland, Morrison's and Costa.

Tenure

Freehold.

Location
Miles
50 miles west of Liverpool, 185 miles north of Cardiff
Roads
A55, A470
Rail
Colwyn Bay
Air
Liverpool John Lennon Airport
Situation

The property is situated in the towns prime pedestrianised retail thoroughfare and benefits from nearby occupiers include New Look, WH Smith, Boots the Chemist and Peacocks. The property also benefits from its close proximity to Bay View Centre which houses tenants including Iceland, Morrison's and Costa.

Tenure

Freehold.

Description

The property, an attractive mid terrace three storey building, comprises a ground floor retail unit with ancillary accommodation at first and second floors.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, an attractive mid terrace three storey building, comprises a ground floor retail unit with ancillary accommodation at first and second floors.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

VAT

VAT is not applicable to this lot.

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 (Reversion)
Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
210 sq m
164 sq m
109 sq m
(2,258 sq ft)
(1,758 sq ft)
(1,184 sq ft)
GRABAL
ALOK
(UK)
LIMITED (1)
(t/a QS
Clothing)
3 years from 31/12/2014 (2) Peppercorn 31/12/2017
Totals   482 sq m (5,200 sq ft)     Peppercorn  

(1) Store Twenty One evolved from a manufacturing business established in London in 1932, supplying clothing to the West End and in particular, Marks & Spencer stores. In 1987 the stores then re-branded to QS in and in March 1990 with 65 stores, the Company floated on the London Stock Exchange. In 2007, the Company was purchased by Grabal Alok, an Indian-based textile company and the following two years saw significant restructuring of the business and the evolution of the business into Store Twenty One as we know it today. Store Twenty One today has over 200 store. (Source: www.storetwentyone.co.uk)
(2) The lease provides for a rolling mutual option to determine on providing 8 weeks prior written notice.

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    803 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    441 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Austin Judson 0113 283 2500austin.judson@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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