56, Hope Street Wrexham Clwyd LL11 1BE

56, Hope Street
Wrexham
Clwyd
LL11 1BE

Freehold Retail Investment

Entirely let to W H Smith Plc
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Withdrawn Prior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
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of Julian Clarke and Matthew Nagle acting as Joint LPA Receivers

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Freehold Retail Investment

Entirely let to W H Smith Plc
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Status Withdrawn Prior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

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

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).