7 Station Road Colwyn Bay Clwyd LL29 8BP

7 Station Road
Colwyn Bay
Clwyd
LL29 8BP

Freehold Retail Investment

  • Prime pedestrianised town centre location
  • Let to WH Smith Retail Holdings on new 5 year lease (subject to option)
  • Nearby occupiers include Domino’s Pizza, Betfred, Peacocks, Trespass and Boots the Chemist
  • Rebased Rent
  • Lot
    90
  • Auction
    18th October 2018
  • Rent
    £16,750 per Annum Exclusive
  • Status
    Sold
  • Price
    £180,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Map

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

Freehold Retail Investment

  • Prime pedestrianised town centre location
  • Let to WH Smith Retail Holdings on new 5 year lease (subject to option)
  • Nearby occupiers include Domino’s Pizza, Betfred, Peacocks, Trespass and Boots the Chemist
  • Rebased Rent
  • Lot 90
  • Auction 18th October 2018
  • Rent
  • Status Sold
  • Price £180,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
50 miles west of Liverpool, 185 miles north of Cardiff
Roads
A55, A470
Rail
Colwyn Bay Railway Station
Air
Liverpool John Lennon Airport
Situation

The property is situated in the town’s prime pedestrianised retail thoroughfare on the west side of Station Road. Neighbouring occupiers include Domino’s Pizza, Betfred, Peacocks, Trespass and Boots the Chemist. The property also benefits from its close proximity to Bay View Shopping Centre, which houses tenants including Iceland, Morrisons, Costa and Argos.

Tenure

Freehold.

Location
Miles
50 miles west of Liverpool, 185 miles north of Cardiff
Roads
A55, A470
Rail
Colwyn Bay Railway Station
Air
Liverpool John Lennon Airport
Situation

The property is situated in the town’s prime pedestrianised retail thoroughfare on the west side of Station Road. Neighbouring occupiers include Domino’s Pizza, Betfred, Peacocks, Trespass and Boots the Chemist. The property also benefits from its close proximity to Bay View Shopping Centre, which houses tenants including Iceland, Morrisons, Costa and Argos.

Tenure

Freehold.

Description

The property, an attractive mid terrace three storey building, comprises a ground floor retail unit with ancillary accommodation at first and second floors.

VAT

VAT is not applicable to this lot.

EPC

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

Description

The property, an attractive mid terrace three storey building, comprises a ground floor retail unit with ancillary accommodation at first and second floors.

VAT

VAT is not applicable to this lot.

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
Second
Basement
Retail
Ancillary
Ancillary
Ancillary
190.84 sq m
85.97 sq m
88.04 sq m
13.47 sq m
(2,054 sq ft)
(925 sq ft)
(948 sq ft)
(145 sq ft)
WH SMITH
RETAIL
HOLDINGS
LIMITED (1)
5 years from
05/08/2018 on a full
repairing and
insuring lease (2)
£16,750 04/08/2023
Total
378.32 sq m
(4,072 sq ft)     £16,750  

(1) For the year ending 31st August 2017, WH Smith Retail Holdings Limited reported a turnover of £181,024,000, pre-tax profits of £67,219,000 and a total net worth of £449,954,000 (Source: Experian Group 30/07/2018).
(2) The lease provides for a tenant option to determine the lease on 04/08/2021.

Property Documents

  • Catalogue Page
    Updated Date
    19.11.19
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    19.11.19
    File Size
    1 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

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Harper Macleod LLP The Ca'd'oro, 45 Gordon Street
Glasgow
G1 3PE
Paul Greenhill 0141 227 9340paul.greenhill@harpermacleod.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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