Prominent town centre location on busy pedestrianised thoroughfare
Nearby occupiers include Halifax, New Look, Greggs, Santander and Thorntons
Lot 20
Auction 5th December 2013
Rent £160,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Julian Clarke and Matthew Nagle acting as Joint LPA Receivers
Property Information
Location
Miles
12 miles south-west of Chester
32 miles south of Liverpool
50 miles south-west of Manchester
Roads
A525, A534, A483
Rail
Wrexham Central Railway Station
Air
Liverpool Airport
Situation
The property is situated in a prominent position on the eastern side of Hope Street, one of Wrexham’s major pedestrianised thoroughfares, close to its junction with High Street. Nearby occupiers include Halifax, New Look, Greggs, Santander and Thorntons.
Tenure
Freehold.
Location
Miles
12 miles south-west of Chester
32 miles south of Liverpool
50 miles south-west of Manchester
Roads
A525, A534, A483
Rail
Wrexham Central Railway Station
Air
Liverpool Airport
Situation
The property is situated in a prominent position on the eastern side of Hope Street, one of Wrexham’s major pedestrianised thoroughfares, close to its junction with High Street. Nearby occupiers include Halifax, New Look, Greggs, Santander and Thorntons.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor with additional retail and ancillary accommodation on the first floor.
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.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises retail accommodation on the ground floor with additional retail and ancillary accommodation on the first floor.
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.
VAT
VAT is 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
Retail Retail/ Ancillary
333.70 sq m 414.90 sq m
(3,592 sq ft) (4,466 sq ft)
WH SMITH PLC (1)
15 years from 17/04/2003 on a full repairing and insuring lease
£160,000
17/04/2013 (17/04/2018)
Totals
748.60 sq m
(8,058 sq ft)
£160,000
(1) For the year ending 31st August 2012, WH Smith plc reported a turnover of £1,243,000,000, pre-tax profits of £102,000,000 and a total net worth of £95,000,000. (Source: www.riskdisk.com 07/11/2013).
