New lease to The British Heart Foundation until 2027 (subject to option)
Prominent position on High Street
Popular tourist destination
Nearby occupiers include Heron Foods, Poundstretcher, Barclays Bank and Holland & Barrett.
Lot 55
Auction 7th December 2017
Rent £45,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
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 prominently situated on the east side of the High Street, adjacent to Lloyds Pharmacy in the busy town centre. Nearby occupiers include Heron Foods, Poundstretcher, Barclays Bank and Holland & Barrett.
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 prominently situated on the east side of the High Street, adjacent to Lloyds Pharmacy in the busy town centre. Nearby occupiers include Heron Foods, Poundstretcher, Barclays Bank and Holland & Barrett.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground and first floors. The property benefits from a large frontage and from rear access via Clwyd Street.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises retail accommodation on the ground and first floors. The property benefits from a large frontage and from rear access via Clwyd Street.
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 First
Retail Ancillary
518.75 sq m 256.60 sq m
(5,584 sq ft) (2,762 sq ft)
BRITISH HEART FOUNDATION (1)
10 years from 24/5/2017 on a full repairing and insuring lease (2)
£45,000
23/5/2027
Totals
775.35 sq m
(8,346 sq ft)
£45,000
(1) For the year endng 31st March 2017, British Heart Foundation reported a pre-tax profit of £38,100,00 and a total net worth of £78,700,000 (source: Experian Group 7/11/2017). (2) The lease provides for a tenant option to determine the lease on 24th May 2022 subject to 6 months’ written notice.