2 & 4 Pool Street
Caernarfon
Gwynedd
LL55 2AB

Freehold Retail Investment

  • Let to Done Brothers (Cash Betting) Limited until 2028 and Webbers Amusements until 2027
  • Located in the heart of the town centre
  • Neighbouring occupiers include Nationwide, Savers Health & Beauty, Boots Pharmacy, Lloyds Bank, Subway and HSBC.
  • Lot
    37
  • Auction
    05/May/2021
  • Rent
    £45,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • 2 & 4 Pool Street<br>Caernarfon<br>Gwynedd<br>LL55 2AB
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
7 miles south-west of Bangor,
24 miles south-west of Colwyn Bay
Roads
A487, A4086
Air
Liverpool John Lennon Airport
Situation

Caernarfon is an historic Royal town on the eastern shore of the Menai Strait, famous for its breathtaking castle. The property is prominently situated on the south side of Pool Street, which connects to Castle Square, in the heart of the town centre. Neighbouring occupiers include Nationwide, Savers Health & Beauty, Boots Pharmacy, Lloyds Bank, Subway and HSBC.

Tenure

Freehold.

Description

The property includes two self contained retail units. Unit 2 comprises ground floor retail accommodation and first floor ancillary accommodation. Unit 4 comprises ground floor retail accommodation with first and second floor ancillary accommodation and basement storage.

Note

VAT is Not applicable to No 2 Pool Street, but VAT is applicable to No 4 Pool Street

EPC

See legal pack.

Tenancy & Accommodation

UnitFloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/
(Reversion)
Unit 2Ground
First
Retail
Ancillary
202.06 sq m
23.50 sq m
(2,175 sq ft)
(253 sq ft)
DONE BROTHERS
(CASH BETTING)
LIMITED t/a Betfred
(1)
15 years from
29/04/2013
£30,00029/04/2023
(28/04/2028)
Unit 4Ground
First
Second
Retail
Ancillary
Ancillary
39.02 sq m
28.77 sq m
52.93 sq m
(420 sq ft)
(309 sq ft)
(570 sq ft)
WEBBERS
LEISURE LIMITED
10 years from
11/10/2017 (2)
£15,00011/10/2022
(11/10/2027)
Total
346.28 sq m
(3,727 sq ft)
  £45,000 

(1) For the year ending 29th September 2019, Done Brothers (Cash Betting) Limited reported a turnover of £388,347,000, a pre-tax profit of £59,304,000 and shareholders funds of £28,926,000 (Source: NorthRow 22/02/2021). Established in 1967, as of July 2017, Betfred operates over 1,650 shops throughout the United Kingdom after the purchase of 322 shops due to the merger between fellow bookmakers Ladbrokes and Coral in October 2016 (Source: www.betfred.com/about 22/02/2021).
(2) As to Unit 4,the lease provides for a tenant option to determine the lease on 10/10/2022 upon serving 6 months written notice.

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
    16.04.21
    File Size
    27 MB
    Login to View
  • Catalogue Page
    Updated Date
    16.04.21
    File Size
    632 KB
    View PDF
  • Site Plan
    Updated Date
    16.04.21
    File Size
    795 KB
    View PDF
  • Common Auction conditions
    Updated Date
    16.03.21
    File Size
    687 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
BA Commercial Friarsgate, 2, Grosvenor Street
Chester
CH1 1XG
Dan Wild 01244 351 212dan.wild@bacommercial.com
Seller's Solicitors
Myerson Solicitors LLP Grosvenor House, 20 Barrington Road
Altrincham
Cheshire
WA14 1HB
Ian Gordon 01615494064Ian.Gordon@myerson.co.uk

Useful Links

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