WH Smith, 101 Mostyn Street Llandudno Conwy LL30 2PD

WH Smith, 101 Mostyn Street
Llandudno
Conwy
LL30 2PD

  • WH Smith, 101 Mostyn Street<br>Llandudno<br>Conwy<br>LL30 2PD

Town Centre Retail Investment

  • Let to WH Smith Retail Holdings Ltd on a Re-Geared Lease Until 2027
  • Prime Town Centre Retail Location
  • Shop Includes Town Centres Only Post Office
  • Comprising Ground, Lower Ground, First and Second Floors
  • Nearby occupiers include Sainsbury's, Halifax, Cafe Nero, Superdrug and Mountain Warehouse.
  • Lot
    26
  • Auction
    18/May/2022
  • Rent
    £65,000 per Annum Exclusive
    (2)
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 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 Railway Station
Air
Liverpool Airport
Situation

Llandudno is a popular and attractive seaside town in North Wales. The property is situated on the north side of the towns main shopping street close to the sea front. Nearby occupiers include Sainsbury's, Halifax, Cafe Nero, SuperDrug and Mountain Warehouse.

Tenure

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

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

Llandudno is a popular and attractive seaside town in North Wales. The property is situated on the north side of the towns main shopping street close to the sea front. Nearby occupiers include Sainsbury's, Halifax, Cafe Nero, SuperDrug and Mountain Warehouse.

Tenure

Virtual Freehold. 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

The EPC will be available to view online in the solicitor’s legal pack.

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

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Reversion
Ground
Lower Ground
First
Second
Retail
Ancillary
Retail/Ancillary
Office
365.02 sq m
134.40 sq m
250.07 sq m
70.00 sq m
(3,929 sq ft)
(1,446 sq ft)
(2,691 sq ft)
(753 sq ft)
WHSMITH RETAIL HOLDINGS
LIMITED (1)
5 years from 30/05/2022
(2)
£65,000
29/05/2027
Total Approximate
Floor Area
 
819.49 sq m
(8,819 sq ft)
(3)
   
£65,000
 

(1) For the year ending 31/08/2021 WH Smith Retail Holdings Ltd (CRN 00471941) reported a Turnover of £160,225,000, a Pre-Tax Profit of negative £12,511,000 and a Net Worth of £883,833,000.
(2) The tenant is currently occupying the property under a lease from 14/08/2009 until 29/05/2022. Terms have been agreed for a new 5 year lease from 30/05/2022 until 29/05/2027 subject to a tenant option to determine the lease on 30/05/2025 upon serving 6 months written notice and provides for the rent to be paid monthly in arrears. It is anticipated that the lease will be completed prior to the auction.
(3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)

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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    17.05.22
    File Size
    7 MB
    Login to View
  • Brochure
    Updated Date
    29.04.22
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
ABH Solicitors A1 Sovereign Business Park, Kings Croft Court
Wigan
Greater Manchester
WN1 3AP
Gary Shepherd 01942 246241gshepherd@abhlaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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