Central Tyre Centre 129 Abergele Road Colwyn Bay Conwy LL29 7SG

  • Central Tyre Centre<br>129 Abergele Road<br>Colwyn Bay<br>Conwy<br>LL29 7SG

Central Tyre Centre
129 Abergele Road
Colwyn Bay
Conwy
LL29 7SG

Freehold Tyre Depot Investment

  • Let to Stapleton's (Tyre Services) Limited
  • Guaranteed by Itochu Europe Plc and on assignment from Pirelli UK Tyres Limited
  • Prominent corner position fronting the busy A547
  • Approximately 352.71 sq m (3,795 sq ft)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    43
  • Auction
    16th February 2017
  • Rent
    £27,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

Freehold Tyre Depot Investment

  • Let to Stapleton's (Tyre Services) Limited
  • Guaranteed by Itochu Europe Plc and on assignment from Pirelli UK Tyres Limited
  • Prominent corner position fronting the busy A547
  • Approximately 352.71 sq m (3,795 sq ft)
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 43
  • Auction 16th February 2017
  • Rent £27,000 per Annum Exclusive
  • Status Sold Post
  • Price  
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
36 miles west of Chester, 76 miles west of Manchester
Roads
A547, A55
Rail
Colwyn Bay Railway Station
Air
Liverpool John Lennon Airport
Situation

The property is situated in a mixed use area on the east side of Abergele Road (A547) and at its junction with Lawson Road, to the south of the town centre. Nearby occupiers include a BP petrol filling station as well as a range of local occupiers.

Tenure

Freehold.

Location
Miles
36 miles west of Chester, 76 miles west of Manchester
Roads
A547, A55
Rail
Colwyn Bay Railway Station
Air
Liverpool John Lennon Airport
Situation

The property is situated in a mixed use area on the east side of Abergele Road (A547) and at its junction with Lawson Road, to the south of the town centre. Nearby occupiers include a BP petrol filling station as well as a range of local occupiers.

Tenure

Freehold.

Description

The property, a tyre and exhaust depot, comprises workshop, reception and storage accommodation on the ground floor and ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property, a tyre and exhaust depot, comprises workshop, reception and storage accommodation on the ground floor and ancillary accommodation on the first floor.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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
Mezzanine
Workshop
Ancillary
307.59 sq m
45.12 sq m
(3,310 sq ft)
(485 sq ft)
STAPLETON'S (TYRE
SERVICES) LIMITED
GUARANTEED BY
ITOCHU EUROPE PLC
AND ON ASSIGNMENT
FROM PIRELLI UK TYRES
LIMITED (2) (3) (4)
15 years from
15/09/2006 (1)
£27,000 14/09/2021
Total Commercial Area
352.71 sq m
(3,795 sq ft)
    £27,000  

(1) The lease is guaranteed by Itochu Europe Plc and on assignment from Pirelli UK Tyres Ltd, for a term of 15 years from 15/09/2006.
(2) Stapleton’s has more than 75 years’ experience as one of the UK’s largest distributors of passenger car, 4x4 and van tyres. Employing over 1,000 people at 9 strategic locations across the UK, the Company is a national leader in tyre warehousing and distribution for the specialist tyre retail trade and the car dealership sector. (Source: www.stapletons-tyres.co.uk 17/01/2016). For the year ending 31st March 2015, Stapleton's (Tyre Services) Limited reported a turnover of £286,592,000, pre-tax profits of £2,792,000 and a total net worth of £10,289,000 (Source: www.experian.com 17/01/2010).
(3) For the year ending 31st March 2016 Itochu Europe Plc reported a turnover of £231,822,000, pre-tax profits of -23,468,000 and a total net worth of £47,830,000 (Source: www.experian.com 17/01/2010).
(4) For the year ending 31st December 2015, Pirelli UK Tyres Limited reported a turnover of £320,760,000, pre-tax profits of £6,913,000 and a total net worth of £97,999,000 (Source: www.experian.com 17/01/2010) .

Property Documents

  • Site Plan
    Updated Date
    25.01.17
    File Size
    110 KB
    View PDF
  • Catalogue Page
    Updated Date
    25.01.17
    File Size
    550 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Nash & Co Beaumont House, Beaumont Park
Plymouth
PL4 9BD
Christopher Stephens 01752 827 046cstephens@nash.co.uk

Useful Links

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

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