Situated at the entrance to the White Rose Shopping Centre
Neighbouring occupiers include WH Smith, H Samuel, New Look, Burton, McDonald's and Boots
Lot 70
Auction 19th October 2017
Rent £18,000 per Annum Exclusive
Status Sold
Price £211,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Trustees
Property Information
Location
Miles
22 miles west of Liverpool
53 miles west of Manchester
29 miles north-west of Chester
Roads
A55, A494, A470
Rail
Rhyl Railway Station
Air
Manchester International Airport
Liverpool John Lennon Airport
Situation
The property is situated in a strong retailing position on the east side of the pedestrianised High Street, immediately adjacent to the entrance to the White Rose Shopping Centre with occupiers that include Superdrug, JD Sports, O2 and Boots. Other neighbouring occupiers include WH Smith, H Samuel, New Look, Burton, McDonald's and Boots.
Tenure
Freehold.
Location
Miles
22 miles west of Liverpool
53 miles west of Manchester
29 miles north-west of Chester
Roads
A55, A494, A470
Rail
Rhyl Railway Station
Air
Manchester International Airport
Liverpool John Lennon Airport
Situation
The property is situated in a strong retailing position on the east side of the pedestrianised High Street, immediately adjacent to the entrance to the White Rose Shopping Centre with occupiers that include Superdrug, JD Sports, O2 and Boots. Other neighbouring occupiers include WH Smith, H Samuel, New Look, Burton, McDonald's and Boots.
Tenure
Freehold.
Description
The property comprises an attractive retail building with accommodation on ground and three upper floors. The ground floor comprises retail accommodation. The first, second and third floors are currently not demised and are accessible from ground floor via a hatch. The property benefits from a return frontage immediately adjacent to the White Rose Shopping Centre.
VAT
VAT is not 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 comprises an attractive retail building with accommodation on ground and three upper floors. The ground floor comprises retail accommodation. The first, second and third floors are currently not demised and are accessible from ground floor via a hatch. The property benefits from a return frontage immediately adjacent to the White Rose Shopping Centre.
VAT
VAT is not 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
Review/ (Reversion)
Ground
Retail
96.41 sq m
(1,038 sq ft)
SCRIVENS LIMITED (1)
10 years from 09/11/2015 (2)
£18,000
09/11/2020 (30/09/2025)
First Second Third
Ancillary Ancillary Ancillary
77.1 sq m 45.7 sq m 45.7 sq m
(830 sq ft) (492 sq ft) (492 sq ft)
VACANT POSSESSION
Totals
264.91 sq m
(2,852 sq ft)
£18,000
(1) Incorporated in 1942, Scrivens Limited operates from over 170 outlets nationwide. Scrivens provides opticians and hearing care services, with hearing care also available in over 250 other outlets, including medical centres (Source: www.scrivens.com 13/09/2017). For the year ending 30th October 2016, Scrivens Limited reported a turnover of £36,335,515, a pre-tax profit of £3,099,160 and a net worth of -£2,723,343 (Experian Group 13/09/2017). (2) The lease provides for a tenant option to determine the lease on 30th November 2020.
