Let to Savers Health and Beauty Limited (t/a Savers)
5 year lease from January 2020 (subject to option)
January 2022 tenant break option not exercised
Approximately 10,596 sq ft
Nearby retailers include Superdrug, Boots the Chemist, Home Bargains and Greggs.
VAT-free investment
Lot 37
Auction 12th July 2022
Rent £17,500 per Annum Exclusive
Status Sold
Price £206,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
12 miles north-west of Swansea, 54 miles north-west of Cardiff
Roads
A484, A476, M4 (Junction 48)
Rail
Llanelli Railway Station
Air
Cardiff International Airport
Situation
The property is situated in a prominent position on the eastern side of Vaughan Street, one of the town's primary retail thoroughfares. Nearby occupiers include Superdrug, Boots the Chemist, Home Bargains and Greggs.
Tenure
Freehold.
Location
Miles
12 miles north-west of Swansea, 54 miles north-west of Cardiff
Roads
A484, A476, M4 (Junction 48)
Rail
Llanelli Railway Station
Air
Cardiff International Airport
Situation
The property is situated in a prominent position on the eastern side of Vaughan Street, one of the town's primary retail thoroughfares. Nearby occupiers include Superdrug, Boots the Chemist, Home Bargains and Greggs.
Tenure
Freehold.
Description
The property comprises a large shop arranged on the ground floor with ancillary accommodation arranged on the basement, first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
6 weeks completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a large shop arranged on the ground floor with ancillary accommodation arranged on the basement, first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
6 weeks 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.
Ground Basement First Second
Retail/Ancillary Ancillary Ancillary Ancillary
258.50 259.90 210.60 255.39
(2,782) (2,798) (2,267) (2,749)
SAVERS HEALTH AND BEAUTY LIMITED (1) (t/a Savers)
5 years from 09/01/2020 (2) on a full repairing & insuring lease
£17,500
Total
984.30
(10,596)
£17,500
(1) For the year ending December 2020, Savers Health & Beauty Limited recorded a pre-tax profit of £40,311,000 , turnover of £536,123,000 and a shareholders funds of £125,402,000 (Northrow 08/06/2022) Savers trade from over 400 stores in England, Scotland, Wales and Northern Ireland (www.savers.co.uk) (2) The lease is subject to a tenant option to determine on 09/01/2024. The tenant did not operate their option to determine on 09/01/2022
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.
