Immediately adjacent to Menai Shopping Centre and some 25 metres from Deiniol Shopping Centre
Outstanding rent review
Nearby occupiers include Debenhams, H&M, H Samuel and Clinton Cards
Lot 11
Auction 18th October 2011
Rent £90,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
9 miles north-east of Caernarfon, 20 miles south-west of Colwyn Bay, 60 miles west of Chester
Roads
A5, A55 (Junction 11)
Rail
Bangor Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is situated in a prominent location on the northern side of pedestrianised High Street. Menai Shopping Centre, which houses occupiers such as River Island, Superdrug, H&M and Debenhams, is immediately adjacent to the property with Deiniol Shopping Centre with occupiers such as Debenhams, H&M, H Samuel and Clinton Cards, some 25 metres to the west. Other neighbouring occupiers include Boots, Thorntons, W H Smith, Barclays and HSBC.
Tenure
Freehold.
Location
Miles
9 miles north-east of Caernarfon, 20 miles south-west of Colwyn Bay, 60 miles west of Chester
Roads
A5, A55 (Junction 11)
Rail
Bangor Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is situated in a prominent location on the northern side of pedestrianised High Street. Menai Shopping Centre, which houses occupiers such as River Island, Superdrug, H&M and Debenhams, is immediately adjacent to the property with Deiniol Shopping Centre with occupiers such as Debenhams, H&M, H Samuel and Clinton Cards, some 25 metres to the west. Other neighbouring occupiers include Boots, Thorntons, W H Smith, Barclays and HSBC.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with basement ancillary accommodation. The property also benefits from a loading area from the rear. First floor accommodation is occupied by Barclays Bank plc, who are the adjoining occupier, and is accessed by the first floor of the adjoining building.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with basement ancillary accommodation. The property also benefits from a loading area from the rear. First floor accommodation is occupied by Barclays Bank plc, who are the adjoining occupier, and is accessed by the first floor of the adjoining building.
VAT
VAT is 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
Reviews
Basement Ground First
Ancillary Retail Office (2)
221.29 sq m 275.09 sq m 153.01 sq m
(2,382 sq ft) (2,961 sq ft) (1,647 sq ft)
HMV UK LIMITED guaranteed by HMV Music Limited (1) (2)
10 years from 11/09/2006
£90,000
11/09/2011
Totals
649.39 sq m
(6,990 sq ft) (2)
£90,000
(1) For the year ending 24th April 2010, HMV Music Limited reported a turnover of £1,062,303,000, a pre-tax profit of £53,050,000 and a net worth of £128,329,000. (Source: www.riskdisk.com 19/09/2011) (2) The tenant has sublet the first floor offices to Barclays Bank plc.
