23-24 Hope Street
Wrexham
LL11 1BD

Freehold Retail Investment

  • Entirely let to Genus UK Limited t/a Select Fashion until May 2026 (subject to option)
  • Prominent town centre location on busy pedestrianised retail thoroughfare
  • Nearby occupiers include Barclays Bank, Boots Opticians, Holland & Barrett and Claire's Accessories
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    36
  • Auction
    25/May/2017
  • Rent
    £50,000 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 23-24 Hope Street<br>Wrexham<br>LL11 1BD
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Property Information

Location
Miles
12 miles south of Chester, 31 miles north of Shrewsbury, 54 miles south-west of Manchester
Roads
A525, A534, A483
Rail
Wrexham General, Wrexham Central
Air
Manchester International Airport, John Lennon Airport (Liverpool)
Situation

The property is situated in a prominent position on the south side of Hope Street, one of Wrexham’s major pedestrianised thoroughfares. Nearby occupiers include Barclays Bank, Boots Opticians, Holland & Barrett and Claire's Accessories.

Tenure

Freehold.

Description

The property comprises a retail unit over ground and first floors with storage/staff on second and third floors. The property benefits from a lift servicing all floors and parking at the rear.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

Buyer's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas
(Approx)

TenantTermRent p.a.xReviews
Ground
First
Second
Third

Retail/Ancillary
Retail/Ancillary
Ancillary
Ancillary
211.09 sq m
210.00 sq m
193.24 sq m
167.41 sq m
(2,272 sq ft)
(2,260 sq ft)
(2,080 sq ft)
(1,802 sq ft)
GENUS UK
LIMITED
t/a Select Fashion
(1)
10 years from
27/05/2016 until
26/05/2026 on
a full repairing and
insuring lease(2)
£50,000
27/05/2021
Totals 
781.74 sq m
(8,414 sq ft)
  £50,000
 

(1) First launched in the early 1980s, Select Fashion is a high-street womenswear retailer. Currently with over 180 UK stores and rapid expansion plans in place (Source: http://www.selectfashion.co.uk 19/04/2017).
(2) The lease provides a tenant only option to determine on the fifth anniversary of the term .

Property Documents

  • Catalogue Page
    Updated Date
    03.05.17
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    03.05.17
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
ABGM Solicitors 74 Brent Street, Hendon
London
NW4 2ES
David Jason 0208 202 5060david.jason@abgmlaw.com

Useful Links

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