Entirely let to Grabal Alok (UK) Limited (1) t/a QS Clothing at a peppercorn rent
Prime pedestrianised town centre location
Asset Management Opportunities
Nearby occupiers include WH Smith, Betfred, New Look and Boots the Chemist
VAT free investment
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 33
Auction 19th May 2016
Rent
Status Sold
Price £100,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Receivers CBRE
Property Information
Location
Miles
50 miles west of Liverpool, 185 miles north of Cardiff
Roads
A55, A470
Rail
Colwyn Bay
Air
Liverpool John Lennon Airport
Situation
The property is situated in the towns prime pedestrianised retail thoroughfare and benefits from nearby occupiers include New Look, WH Smith, Boots the Chemist and Peacocks. The property also benefits from its close proximity to Bay View Centre which houses tenants including Iceland, Morrison's and Costa.
Tenure
Freehold.
Location
Miles
50 miles west of Liverpool, 185 miles north of Cardiff
Roads
A55, A470
Rail
Colwyn Bay
Air
Liverpool John Lennon Airport
Situation
The property is situated in the towns prime pedestrianised retail thoroughfare and benefits from nearby occupiers include New Look, WH Smith, Boots the Chemist and Peacocks. The property also benefits from its close proximity to Bay View Centre which houses tenants including Iceland, Morrison's and Costa.
Tenure
Freehold.
Description
The property, an attractive mid terrace three storey building, comprises a ground floor retail unit with ancillary accommodation at first and second floors.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge 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 not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, an attractive mid terrace three storey building, comprises a ground floor retail unit with ancillary accommodation at first and second floors.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge 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 Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge 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 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
Review (Reversion)
Ground First Second
Retail/Ancillary Ancillary Ancillary
210 sq m 164 sq m 109 sq m
(2,258 sq ft) (1,758 sq ft) (1,184 sq ft)
GRABAL ALOK (UK) LIMITED (1) (t/a QS Clothing)
3 years from 31/12/2014 (2)
Peppercorn
31/12/2017
Totals
482 sq m
(5,200 sq ft)
Peppercorn
(1) Store Twenty One evolved from a manufacturing business established in London in 1932, supplying clothing to the West End and in particular, Marks & Spencer stores. In 1987 the stores then re-branded to QS in and in March 1990 with 65 stores, the Company floated on the London Stock Exchange. In 2007, the Company was purchased by Grabal Alok, an Indian-based textile company and the following two years saw significant restructuring of the business and the evolution of the business into Store Twenty One as we know it today. Store Twenty One today has over 200 store. (Source: www.storetwentyone.co.uk) (2) The lease provides for a rolling mutual option to determine on providing 8 weeks prior written notice.
Contacts
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street Leeds LS1 2HL
