9 Penrhyn Road Colwyn Bay Conwy LL29 8LW

9 Penrhyn Road
Colwyn Bay
Conwy
LL29 8LW

Freehold Retail Investment

  • Town centre location
  • Let to Funeral Services Ltd part of The Co-operative Group (1)
  • Lease expires 2027 (2) (3)
  • VAT-free investment
  • Lot
    38
  • Auction
    28th March 2018
  • Rent
    £11,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £132,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Mapeley
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Town centre location
  • Let to Funeral Services Ltd part of The Co-operative Group (1)
  • Lease expires 2027 (2) (3)
  • VAT-free investment
  • Lot 38
  • Auction 28th March 2018
  • Rent
  • Status Sold
  • Price £132,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Mapeley

Property Information

Location
Miles
36 miles west of Chester, 76 miles west of Manchester, 26 miles north-east of Caernarfon
Roads
A470, A547, A55
Rail
Colwyn Bay Railway Station
Air
Liverpool John Lennon Airport
Situation

Colwyn Bay is a popular seaside town on the north Wales coast, 36 miles west of Chester and 26 miles north-east of Caernarfon. The property is located in the town centre on Penrhyn Road, close to its junction with Princess Drive. Colwyn Bay Railway Station is located 200 metres to the east. Nearby occupiers include Halifax, Nationwide and Santander amongst a number of local traders.

Tenure

Freehold.

Location
Miles
36 miles west of Chester, 76 miles west of Manchester, 26 miles north-east of Caernarfon
Roads
A470, A547, A55
Rail
Colwyn Bay Railway Station
Air
Liverpool John Lennon Airport
Situation

Colwyn Bay is a popular seaside town on the north Wales coast, 36 miles west of Chester and 26 miles north-east of Caernarfon. The property is located in the town centre on Penrhyn Road, close to its junction with Princess Drive. Colwyn Bay Railway Station is located 200 metres to the east. Nearby occupiers include Halifax, Nationwide and Santander amongst a number of local traders.

Tenure

Freehold.

Description

The property comprises a ground floor shop will ancillary accommodation above.

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 a ground floor shop will ancillary accommodation above.

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
Ground
Basement
First
Second
Retail
Ancillary
Ancillary
Ancillary
79.8 sq m
18.3 sq m
43.0 sq m
45.4 sq m
(859 sq ft)
(197 sq ft)
(463 sq m)
(489 sq ft)
FUNERAL
SERVICES
LIMITED
t/a Co-op
Colwyn Bay
Funeralcare (1)
10 years from 26/04/2017
(2) on a full repairing and
insuring lease subject to a
schedule of condition (3)
£11,000 2022 (2)
Totals
186.5 sq m
(2,008 sq ft)
    £11,000  

(1) Funeral Services Limited (30808) is a registered society under the Co-op and Community Benefit Societies Act 2014 whose registered office is at 1 Angel Square, Manchester, M60 0AG. VAT registered 403 3146 04. The Co-operative Funeralcare is a trading name of Funeral Services Limited, part of The Co-operative Group (Source: www.co-operativefuneralcare.co.uk).
(2) Tenant’s option to break in 2020 and 2022 upon 6 months’ prior notice.
(3) Tenant has an option for a new lease for a term of 10 years beginning 26th April 2027. This option can be exercised at any time up to and including 25th January 2027.

Property Documents

  • Catalogue Page
    Updated Date
    28.10.19
    File Size
    812 KB
    View PDF
  • Site Plan
    Updated Date
    28.10.19
    File Size
    2 MB
    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

Seller's Solicitors
Irwin Mitchell LLP Bauhaus, Rossetti Place, 27 Quay Street
Manchester
M3 4AW
Paul Barnard 0161 838 3142paul.barnard@irwinmitchell.com  Briana Scally 0161 838 3166briana.scally@irwinmitchell.com

Useful Links

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

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