Adjacent to the White Rose Centre and 280 space public multi-storey car park
Neighbouring occupiers include Boots, New Look, WH Smith, Costa and Holland & Barrett
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 66
Auction 23rd March 2016
Rent
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Wesleyan
Property Information
Location
Miles
29 miles north-west of Chester, 37 miles south-west of Liverpool
Roads
A548, A55
Rail
Rhyl Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is prominently situated on the east side of the pedestrianised High Street and adjacent to the White Rose Shopping Centre and some 280 space public multi-storey car park. Neighbouring occupiers include Boots the Chemist, New Look, WH Smith, Costa and Holland & Barrett.
Tenure
Freehold.
Location
Miles
29 miles north-west of Chester, 37 miles south-west of Liverpool
Roads
A548, A55
Rail
Rhyl Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is prominently situated on the east side of the pedestrianised High Street and adjacent to the White Rose Shopping Centre and some 280 space public multi-storey car park. Neighbouring occupiers include Boots the Chemist, New Look, WH Smith, Costa and Holland & Barrett.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.
Six Week Completion
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the first floor.
Six Week Completion
VAT
VAT is not 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
Retail Ancillary
92.50 sq m 65.90 sq m
(996 sq ft) (709 sq ft)
H SAMUEL LIMITED (1)
5 years from 29/09/2013 on a full repairing and insuring lease
£20,000
28/09/2018
Totals
158.40 sq m
(1,705 sq ft)
£20,000
(1) For the year ending 31/01/2015, H Samuel Limited reported a turnover of £240,282,000, a pre-tax profit of £13,732,000 and a total net worth of £107,774,000. (Source: www.riskdisk.com 15/02/2016). (2) The tenant has NOT exercised their option to determine the lease in January 2016 and will benefit from a 4 month rent free period commencing on 31/01/2016. The seller will pay the buyer the rent that would have been due in the absence of the rent free period, and therefore the property will produce £20,000 p.a.x. from completion of the sale.