2 High Street
Mold
Flintshire
CH7 1AZ

Attractive Freehold Retail Investment

  • Prominent town centre location
  • Entirely let to Barnardo's
  • New 10 year lease from 11th October 2019 (1)
  • VAT-free investment
  • Adjacent to Lloyds Bank, opposite Greggs and close to Daniel Owen Shopping Centre
  • Lot
    4
  • Auction
    11/Dec/2019
  • Rent
    £40,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £400,000
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On Behalf of Wesleyan
Important Auction & Property Update
  • 2 High Street<br>Mold<br>Flintshire<br>CH7 1AZ
  • Expand
  • Photos
  • Map

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

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.

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

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
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 £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    27.11.19
    File Size
    46 MB
    Login to View
  • Site Plan
    Updated Date
    20.11.19
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    960 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Peter CunliffePeter Cunliffe +44 (0)20 7034 4852 +44 (0)7836 742834peter.cunliffe@acuitus.co.uk
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Seller's Solicitors
The Wilkes Partnership 41 Church Street
Birmingham
B3 2RT
Neil Holden 0121 710 5853nholden@wilkes.co.uk

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now