Adjacent to Lloyds Bank, opposite Greggs and close to Daniel Owen Shopping Centre
Lot 4
Auction 11th December 2019
Rent £40,000 per Annum Exclusive
Status Sold
Price £452,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
On Behalf of Wesleyan
Property Information
Location
Miles
13 miles west of Chester
13 miles north-west of Wrexham
23 miles south-west of Liverpool
Roads
A494, A55, M53, M56
Rail
Air
Liverpool John Lennon Airport
Situation
The property is situated in a prominent trading position in the heart of the town centre, on the west side of High Street close to an entrance to the Daniel Owen Shopping Centre, where occupiers include Argos, Oxfam, Peacocks, Vision Express and Poundstretcher. Nearby occupiers on High Street include Lloyds Bank, WHSmith, Boots, Superdrug, Costa, Specsavers, HSBC and Greggs.
Tenure
Freehold.
Location
Miles
13 miles west of Chester
13 miles north-west of Wrexham
23 miles south-west of Liverpool
Roads
A494, A55, M53, M56
Rail
Air
Liverpool John Lennon Airport
Situation
The property is situated in a prominent trading position in the heart of the town centre, on the west side of High Street close to an entrance to the Daniel Owen Shopping Centre, where occupiers include Argos, Oxfam, Peacocks, Vision Express and Poundstretcher. Nearby occupiers on High Street include Lloyds Bank, WHSmith, Boots, Superdrug, Costa, Specsavers, HSBC and Greggs.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on part first floor. The remainder of the first floor comprises a 2 bedroom flat not currently used.
VAT
VAT is not applicable to this lot.
EPC
Band D. See legal pack at acuitus.co.uk
Description
The property comprises ground floor retail accommodation with ancillary accommodation on part first floor. The remainder of the first floor comprises a 2 bedroom flat not currently used.
VAT
VAT is not applicable to this lot.
EPC
Band D. See legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground First
Retail Ancillary
202 sq m 42 sq m
(2,174 sq ft) (452 sq ft)
BARNARDO’S (2)
10 years from 11/10/2019 expiring 10/10/2029 on a full repairing and insuring lease (1) (3) (5)
£40,000 (4)
11/10/2024
First
2 bedroom flat
(1) Subject to a tenant's option to determine in the 5th year upon 6 months' written notice. (2) Barnado's has over 10,000 volunteers in its 700 shops (Source: www.barnardos.org.uk). (3) Front section of the first floor is subject to a schedule of condition. (4) The tenant has a 6 month & 2 week rent free period. The Seller will adjust completion monies so that the property effectively produces £40,000 per annum from completion of the sale. (5) The tenant is currently undertaking fit out works.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
