Freehold Retail Investment
Freehold Retail Investment
The property is situated in a prominent and strong retailing position on the south side of Hope Street, one of Wrexham’s major pedestrianised retail thoroughfares and at its junction with Queen Street in the town centre. Nearby occupiers include New Look, Holland & Barrett and Boots Opticians.
Freehold.
The property is situated in a prominent and strong retailing position on the south side of Hope Street, one of Wrexham’s major pedestrianised retail thoroughfares and at its junction with Queen Street in the town centre. Nearby occupiers include New Look, Holland & Barrett and Boots Opticians.
Freehold.
The property comprises a ground floor retail unit with ancillary accommodation on the first floor.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit with ancillary accommodation on the first floor.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion |
|
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
71.72 sq m 29.08 sq m |
(772 sq ft) (313 sq ft) |
SIGNET TRADING LIMITED t/a Ernest Jones (1) |
5 years from 29/09/2015 on a full repairing and insuring lease (2) |
£25,000 | 28/09/2020 |
| Totals | 100.80 sq m |
(1,085 sq ft) |
£25,000 | ||||
(1) For the year ending 30th January 2016, Signet Trading Limited reported a turnover of £485,350,000, pre-tax profits of £34,910,000 and a total net worth of £289,797,000 (Source: www.riskdisk.com 07/06/2017).
(2) The lease provides for a tenant option to determine the lease on 28th September 2018.
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