101 Mostyn Street
Llandudno
Conwy
LL30 2PD

High Yielding Retail Investment

  • Let to WH Smith Retail Holdings Limited
  • Shop includes town centre's only Post Office
  • Large, well configured shop approximately 701.51 sq m (7,551 sq ft) including first floor trading area
  • Nearby occupiers include Sainsbury's Local, Poundland, Caffe Nero, The Works and Savers Health and Beauty
  • Lot
    13
  • Auction
    28/Oct/2020
  • Rent
    £150,000 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Real Estate Investment Trust
Important Auction & Property Update
  • 101 Mostyn Street<br>Llandudno<br>Conwy<br>LL30 2PD
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
16 miles west of Rhyl
33 miles east of Anglesey
Roads
A470, A55
Rail
Llandudno
Air
Liverpool Airport
Situation

Llandudno is an attractive seaside town in North Wales, approximately 33 miles east of Anglesey. The property is located in a prominent position on the north side of Mostyn Street, the town's main shopping street. Nearby retailers include Sainsbury's, Poundland, Caffe Nero, The Works, Savers Health and Beauty and various banks.

Tenure

Long Leasehold. Held for a term of 2000 years from 30/11/1920 at a fixed head rent of 18 per annum.

Description

The property, which is Grade II Listed, comprises a large, well configured double-fronted shop on the ground floor, with further sales accommodation on the first floor. The shop includes the town centres only Post Office. The basement and second floors are arranged as ancillary accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
Ground
First
Basement
Second
Retail
Retail/Ancillary
Ancillary
Ancillary
343.74 sq m
163.23 sq m
124.86 sq m
69.68 sq m
(3,700 sq ft)
(1,757 sq ft)
(1,344 sq ft)
(750 sq ft)
WH SMITH RETAIL
HOLDINGS
LIMITED (1)
Term of years from
14/08/2009 until
29/05/2022 on a full
repairing and insuring
lease
£150,000 (2)
Total
701.51 sq m
(7,551 sq ft)   £150,000 (2)

(1) For the year ending 31st August 2019, WH Smith Retail Holdings Limited reported a turnover of £187,524,000, pre-tax profits of £116,655,000 and shareholders funds of £614,113,000 (source: SmartSearch 30/09/2020).
(2) The tenant is paying the rent monthly in advance.

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    23.10.20
    File Size
    24 MB
    Login to View
  • Catalogue Page
    Updated Date
    07.10.20
    File Size
    6 MB
    View PDF
  • Site Plan
    Updated Date
    07.10.20
    File Size
    874 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
DWF LLP Bridgewater Place, Water Lane
Leeds
Yorkshire
LS11 5DY
Helen Pashley 0113 261 6562helen.pashley@dwf.law

Useful Links

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