Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
9 miles north-east of Caernarfon
20 miles south-west of Llandudno
60 miles west of Chester
Roads
A5, A55
Rail
Bangor Rail
Air
Liverpool John Lennon Airport, Anglesey Airport
Situation
The property is situated in a prime position on the western side of the pedestrianised High Street. Deiniol Shopping Centre, with occupiers such as H Samuel, Vodafone and Clinton Cards, is
immediately adjacent to the property and the Menai Shopping Centre is located nearby with occupiers including River Island, Superdrug, H&M and Debenhams. Other nearby occupiers include Holland & Barrett, W H Smith, NatWest, Shoe Zone and Lloyds TSB.
Tenure
Freehold.
Location
Miles
9 miles north-east of Caernarfon
20 miles south-west of Llandudno
60 miles west of Chester
Roads
A5, A55
Rail
Bangor Rail
Air
Liverpool John Lennon Airport, Anglesey Airport
Situation
The property is situated in a prime position on the western side of the pedestrianised High Street. Deiniol Shopping Centre, with occupiers such as H Samuel, Vodafone and Clinton Cards, is
immediately adjacent to the property and the Menai Shopping Centre is located nearby with occupiers including River Island, Superdrug, H&M and Debenhams. Other nearby occupiers include Holland & Barrett, W H Smith, NatWest, Shoe Zone and Lloyds TSB.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor
and retail and ancillary accommodation on the first floor.
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 available here.
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
and retail and ancillary accommodation on the first floor.
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 available here.
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
Reversion
Ground First First
Retail Retail Ancillary
210.24 sq m 116.96 sq m 41.34 sq m
(2,263 sq ft) (1,259 sq ft) (445 sq ft)
REDCASTLE LIMITED (t/a TopShop and TopMan) (1) (2)
5 years from 25/03/2015 (2) on a full repairing and insuring lease
£70,000
24/03/2020
Totals
368.54 sq m
(3,967 sq ft)
£70,000
(1) Redcastle Limited is a subsidiary of Arcadia Group, which also owns brands including Miss Selfridge, Wallis and Dorothy Perkins. (Source: www.arcadiagroup.co.uk) (2)For the year ending 31st August 2013, Redcastle Limited reported a turnover of £227,590,000, pre-tax profits of £39,099,000 and a total net worth of £312,455,000 (Source: www.riskdisk.com 09/04/2015).