23-25 Church Street Flint Flintshire CH6 5AD

23-25 Church Street
Flint
Flintshire
CH6 5AD

High Yielding Freehold Retail Investment

Let to Iceland Foods Limited (not in occupation) until February 2030 (subject to option)
Approximately 7,043 sq ft
Immediate Asset Management Opportunities
Development potential of upper parts (subject to consents)
Nearby retailers include Tesco Express, Sainsbury's, Asda, Aldi, B&M, Domino's, Greggs, Subway and Boots Pharmacy

Lot
18
Auction
13th December 2023
Rent
£75,981 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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High Yielding Freehold Retail Investment

Let to Iceland Foods Limited (not in occupation) until February 2030 (subject to option)
Approximately 7,043 sq ft
Immediate Asset Management Opportunities
Development potential of upper parts (subject to consents)
Nearby retailers include Tesco Express, Sainsbury's, Asda, Aldi, B&M, Domino's, Greggs, Subway and Boots Pharmacy

Lot 18
Auction 13th December 2023
Rent £75,981 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 13 miles north west of Chester, 18 miles south of Liverpool
Roads: A55, A494, A548, M6, M53
Rail: Flint Train Station
Air: Liverpool John Lennon Airport

Situation

Flint is a North Wales town with a population of around 13,000 and enjoys good communications via the A55 giving access to Chester (13 miles east) and the M56, as well as regular rail services. The property is situated on the south side of Church Street, with retailers including Tesco Express, Sainsbury's, Asda, Aldi, B&M, Domino's, Greggs, Subway and Boots Pharmacy.

Tenure

Freehold.

Location

Miles: 13 miles north west of Chester, 18 miles south of Liverpool
Roads: A55, A494, A548, M6, M53
Rail: Flint Train Station
Air: Liverpool John Lennon Airport

Situation

Tenure

Freehold.

Description

The property comprises a former supermarket arranged on the ground and first floors. The property is serviced to the rear via Sydney Street.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises a former supermarket arranged on the ground and first floors. The property is serviced to the rear via Sydney Street.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor	Use	Gross Internal Floor Areas Approx sq m	Gross Internal Floor Areas (Approx sq ft)	Tenant	Term	Rent p.a.x.
Ground First	Retail/Ancillary Ancillary	534.74 119.56	(5,756) (1,287)	ICELAND FOODS LIMITED (1)	25 years from 28/02/2005 (2)	£75,981 rising to £85,965 in February 2025
Total		654.30	(7,043)			£75,981

(1) For the year ending 24th March 2023, Iceland Foods Limited reported a turnover of £3,864,900,000 and a net worth of £684,700,000 (www.northrow.com). The tenant is currently not in occupation, having vacated in May this year.
(2) The lease is subject to a tenant only option to determine on 28/02/2025.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.