72 / 80 High Street
Prestatyn
Denbighshire
LL19 9BE

Freehold Supermarket Investment

  • Let to Iceland Foods Limited until 2029 (no breaks)
  • Located within popular seaside resort town
  • Substantial frontage onto High Street
  • Nearby occupiers include Home Bargains, William Hill, NatWest and Subway
  • Lot
    13
  • Auction
    07/Dec/2017
  • Rent
    £65,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,045,000
  • Sector
    Supermarket
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Trustees
Important Property Update
  • 72 / 80 High Street<br>Prestatyn<br>Denbighshire<br>LL19 9BE
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Property Information

Location
Miles
5 miles east of Rhyl, 30 miles north-west of Chester
Roads
A548, A55
Rail
Prestatyn Rail
Air
Liverpool John Lennon Airport
Situation

Prestatyn is a popular seaside resort town some 5 miles east of Rhyl. The property occupies a prominent position on the west side of the High Street, some 200 metres from Prestatyn Rail Station. Nearby occupiers include Home Bargains, William Hill, NatWest and Subway.

Tenure

Freehold.

Description

The property comprises a substantial ground floor retail unit with first floor ancillary accommodation. The property benefits from loading to 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
Retail
Ancillary
552.68 sq m
425.21 sq m
(5,949 sq ft)
(4,577 sq ft)
ICELAND FOODS
LIMITED (1)
15 years from
11/07/2014 until
10/07/2029 on a full
repairing and insuring
lease
£65,00011/07/2019
11/07/2024
Totals
977.89 sq m
(10,526 sq ft)
  £65,000 

(1) For the year ending 24th March 2017, Iceland Foods Limited reported a turnover of £2,770,500,000, pre-tax profits of £67,300,000 and a total net worth of £784,100,000 (Source: Experian Group 09/11/2017). Iceland Foods is a unique British food retailer with over 880 stores throughout the UK (Source: www.iceland.co.uk 09/11/2017).

Property Documents

  • Catalogue Page
    Updated Date
    14.11.17
    File Size
    696 KB
    View PDF
  • Site Plan
    Updated Date
    14.11.17
    File Size
    2 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
Gowling WLG Two Snowhill
Birmingham
B4 6WR
Heather Manning 0121 393 0806heather.manning@gowlingwlg.com

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