Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
16 miles north-west of Chester, 28 miles south of Liverpool
Roads
A55, M53
Air
Liverpool John Lennon Airport
Situation
The property is prominently situated on the north side of High Street close to its junction with Well Street, in the heart of Holywell town centre. Nearby occupiers include a Tesco Supermarket, Superdrug, Iceland, Peacocks and both HSBC and NatWest banks.
Tenure
Freehold.
Location
Miles
16 miles north-west of Chester, 28 miles south of Liverpool
Roads
A55, M53
Air
Liverpool John Lennon Airport
Situation
The property is prominently situated on the north side of High Street close to its junction with Well Street, in the heart of Holywell town centre. Nearby occupiers include a Tesco Supermarket, Superdrug, Iceland, Peacocks and both HSBC and NatWest banks.
Tenure
Freehold.
Description
The property comprises a public house arranged on the ground and first floors. The ground floor comprises a public house/restaurant with ancillary accommodation on the first floor.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a public house arranged on the ground and first floors. The ground floor comprises a public house/restaurant with ancillary accommodation on the first floor.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Fixed Rental Uplifts
Ground First
Public House Ancillary
422.00 sq m 365.00 sq m
(4,542 sq ft) (3,929 sq ft)
JD WETHERSPOON PLC (1)
30 years from 04/04/2011 until 03/04/2041 (2)
£35,000 rising to £37,625 (2016) rising to £40,447 (2021) rising to £43,481 (2026) rising to £46,742 (2031) rising to £50,248 (2036)
04/04/2016 and five yearly thereafter
Total Area
787.00 sq m
(8,471 sq ft)
(1) For the year ending 27th July 2014, JD Wetherspoon plc reported a turnover of £1,409,333,000 and pre-tax profits of £78,365,000 and a total net worth of £200,330,000. (Source: Experian Group: 06/11/2015) (2)The lease is subject to a tenant option to break on 4th April 2026.
