The Market Cross Public House, 9-11 High Street Holywell Flintshire CH8 7LA

The Market Cross Public House, 9-11 High Street
Holywell
Flintshire
CH8 7LA

Freehold Public House Investment

  • Let to J D Wetherspoon plc until April 2041 (subject to option)
  • Fixed rental uplift in April 2016 and 5 yearly thereafter
  • Approximately 787.00 sq m (8,471 sq ft)
  • Prominent pedestrianised town centre location
  • Close to Tesco Supermarket, Superdrug and Iceland
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    24
  • Auction
    10th December 2015
  • Rent
    £35,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    Public House
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Public House Investment

  • Let to J D Wetherspoon plc until April 2041 (subject to option)
  • Fixed rental uplift in April 2016 and 5 yearly thereafter
  • Approximately 787.00 sq m (8,471 sq ft)
  • Prominent pedestrianised town centre location
  • Close to Tesco Supermarket, Superdrug and Iceland
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 24
  • Auction 10th December 2015
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    Public House
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
16 miles north-west of Chester, 28 miles south of Liverpool
Roads
A55, M53
Air
Liverpool John Lennon Airport
Situation

The property is prominently situated on the north side of High Street close to its junction with Well Street, in the heart of Holywell town centre. Nearby occupiers include a Tesco Supermarket, Superdrug, Iceland, Peacocks and both HSBC and NatWest banks.

Tenure

Freehold.

Location
Miles
16 miles north-west of Chester, 28 miles south of Liverpool
Roads
A55, M53
Air
Liverpool John Lennon Airport
Situation

The property is prominently situated on the north side of High Street close to its junction with Well Street, in the heart of Holywell town centre. Nearby occupiers include a Tesco Supermarket, Superdrug, Iceland, Peacocks and both HSBC and NatWest banks.

Tenure

Freehold.

Description

The property comprises a public house arranged on the ground and first floors. The ground floor comprises a public house/restaurant with 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 a public house arranged on the ground and first floors. The ground floor comprises a public house/restaurant with 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 Fixed Rental Uplifts
Ground
First
Public House
Ancillary
422.00 sq m
365.00 sq m
(4,542 sq ft)
(3,929 sq ft)
JD WETHERSPOON
PLC (1)
30 years from
04/04/2011 until
03/04/2041 (2)
£35,000
rising to £37,625 (2016)
rising to £40,447 (2021)
rising to £43,481 (2026)
rising to £46,742 (2031)
rising to £50,248 (2036)
04/04/2016 and five
yearly thereafter
Total Area  
787.00 sq m
(8,471 sq ft)
     

(1) For the year ending 27th July 2014, JD Wetherspoon plc reported a turnover of £1,409,333,000 and pre-tax profits of £78,365,000 and a total net worth of £200,330,000. (Source: Experian Group: 06/11/2015)
(2)The lease is subject to a tenant option to break on 4th April 2026.

Property Documents

  • Site Plan
    Updated Date
    17.11.15
    File Size
    88 KB
    View PDF
  • Catalogue Page
    Updated Date
    17.11.15
    File Size
    618 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Pinsent Masons LLP The Soloist, 1 Lanyon Place
Belfast
Ireland
BT1 3LP
Joanna Robinson 02890 894946joanna.robinson@pinsentmasons.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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