52 High Street Prestatyn Denbighshire LL19 9BD

52 High Street
Prestatyn
Denbighshire
LL19 9BD

Freehold Shop Investment

Town centre location close to bus station and Parc Prestatyn Shopping Centre
New lease to Cats Protection Trustee Limited (1)
Occupiers close by include HSBC, Heron, William Hill and Iceland
VAT-free investment

Lot
81
Auction
24th May 2018
Rent
£18,000 per Annum Exclusive
Status
Sold
Price
£165,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behalf of Mapeley

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Freehold Shop Investment

Town centre location close to bus station and Parc Prestatyn Shopping Centre
New lease to Cats Protection Trustee Limited (1)
Occupiers close by include HSBC, Heron, William Hill and Iceland
VAT-free investment

Lot 81
Auction 24th May 2018
Rent £18,000 per Annum Exclusive
Status Sold
Price £165,000
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: 5 miles east of Rhyl, 14 miles east of Colwyn Bay, 30 miles north-west of Chester
Roads: A548, A55
Rail: Prestatyn Rail
Air: Liverpool John Lennon Airport

Situation

Prestatyn is a popular seaside resort town some 30 miles north-west of Chester. The property occupies a prominent position on the west side of High Street, close to its junction with Bridge Street, some 200 metres from Prestatyn Rail Station and 60 metres from Prestatyn bus station. Parc Prestatyn Shopping Centre is located close by where occupiers include Tesco, Boots, Next and TK Maxx. Nearby occupiers include HSBC, William Hill, Heron, Spar, Subway and Iceland.

Tenure

Freehold.

Location

Miles: 5 miles east of Rhyl, 14 miles east of Colwyn Bay, 30 miles north-west of Chester
Roads: A548, A55
Rail: Prestatyn Rail
Air: Liverpool John Lennon Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with basement ancillary accommodation.

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 with basement ancillary accommodation.

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	Retail Ancillary	96 sq m 18.50 sq m	(1,033 sq ft) (199 sq ft)	CATS PROTECTION TRUSTEE LIMITED (2)	10 years from (1) on a full repairing and insuring lease subject to a schedule of condition (3)	£18,000 (4)	2023 (3)
Total		114.5 sq m	(1,232 sq ft)			£18,000

1) The Tenant has exchanged an agreement for lease conditional on landlord’s works. Completion of the sale will take place on the later of (i) 6 weeks from exchange and (ii) 5 working days after completion of the lease (in substantially the same form as that appended to the agreement for lease) provided that if the lease has not completed within 12 weeks of exchange, either party can terminate the sale contract (provided always that the lease has not yet completed) following which the deposit money shall be returned to the buyer.
(2) Cats Protection is the UK’s largest feline welfare charity, with 32 centres and 89 shops nationwide (Source:- www.cats.org.uk).
(3) Tenant’s option to determine in the 5th year on 6 months’ prior written notice.
(4) There is a 3 month rent free period, but the Vendor will top up the rent so the buyer is effectively receiving £18,000 per annum from completion of the sale.