White Rose Shopping Centre
High Street
Rhyl
Denbighshire
LL18 1EW

Substantial Freehold Shopping Centre Investment of 34 Shops & 270 Parking Spaces

  • Comprises 10,522 sq m (113,268 sq ft) of retail accommodation
  • Extensive site of 0.87 Hectares (2.15 Acres)
  • Retailers include Superdrug, Iceland, Specsavers, Warren James, JD Sports, Vodafone and Timpson
  • Approximately 70% of total floor area let to national multiples
  • Approximately 85% of floor area currently let
  • Prominent town centre location
  • Asset management opportunities and future redevelopment potential (subject to consents)
  • Lot
    20
  • Auction
    28/Oct/2020
  • Rent
    £553,143 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Shopping Centre
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • White Rose Shopping Centre<br>High Street<br>Rhyl<br>Denbighshire<br>LL18 1EW
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* More information on the term "price" can be found here

Property Information

Location
Miles
22 miles south-west of Liverpool
26 miles north-west of Chester
53 miles west of Manchester
Roads
A525, A528, A55 North Wales Expressway, M56
Rail
Rhyl Station
Air
Liverpool John Lennon, Manchester Airports
Situation

Rhyl is a seaside resort town on the north-east coast of Wales, 22 miles south-west of Liverpool 26 miles north-west of Chester and 53 miles west of Manchester. The property occupies a substantial site in the heart of the town centre with access onto the pedestrianised High Street, West/East Parade (fronting Rhyl seafront) and Church Street. A bus station is located diagonally opposite on East Parade with Rhyl railway station 350 metres to the south.

Tenure

Freehold.

Description

The White Rose Shopping Centre was originally constructed in 1984 and comprises a covered scheme with entrances from all the surrounding retail streets. The scheme is currently arranged to provide 34 retail units (although capable of further subdivision) and a 270 space customer car park at first floor level together with a rear service yard. (see www.whiterosecentre.com)
The retail units trade at ground floor level, with some units benefiting from first floor ancillary space. The retail/ancillary accommodation totals 10,522 sq m (113,268 sq ft). Additionally, the property benefits from an approximate site area of 0.87 hectares (2.15 acres).

Tenancy Information
A full tenancy schedule is available within the solicitors legal pack.
Retailers include EE, The Works, Timpson, Hays Travel, Vodafone, JD Sports, Specsavers, O2, Warren James, Shoe Zone, Yours, Superdrug, Bodycare, Iceland, Boots and B&M Bargains.
Approximately 70% of the total floor area let to national multiples. Approximately 85% of Floor area current let.

Income
Total (including mall entertainment, vending machines, car parking and advertising etc):
Current actual and estimated gross income £553,143 per annum.

VAT

VAT is applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancies. Interested Parties are referred to Denbighshire Council (www.denbighshire.gov.uk).

Completion Period

Six week Completion

EPC

See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x

Tenancy Information
A full tenancy schedule is available within the solicitors legal pack.
Retailers include EE, The Works, Timpson, Hays Travel, Vodafone, JD Sports, Specsavers, O2, Warren James, Shoe Zone, Yours, Superdrug, Bodycare, Iceland, Boots and B&M Bargains.
Approximately 70% of the total floor area let to national multiples. Approximately 85% of Floor area current let.

Income
Total (including mall entertainment, vending machines, car parking and advertising etc):
Current actual and estimated gross income £553,143 per annum.

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
    22.10.20
    File Size
    309 MB
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  • Catalogue Page
    Updated Date
    07.10.20
    File Size
    19 MB
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  • Site Plan
    Updated Date
    07.10.20
    File Size
    910 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
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  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
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  • 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
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
John McKee Solicitors The Linenhall, 3rd Floor, 32-38 Linenhall Street
Belfast
BT2 8BG
Donald Thompson 028 9023 2303DThompson@jmckee.co.uk

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