The Market Cross Public House, 9-11 High Street Holywell Flintshire CH8 7LA

The Market Cross Public House, 9-11 High Street
Holywell
Flintshire
CH8 7LA

Freehold Public House Investment

Let to J D Wetherspoon plc until April 2041 (subject to option)
Fixed rental uplift in April 2016 and 5 yearly thereafter
Approximately 787.00 sq m (8,471 sq ft)
Prominent pedestrianised town centre location
Close to Tesco Supermarket, Superdrug and Iceland
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
24
Auction
10th December 2015
Rent
£35,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Public House Investment

Let to J D Wetherspoon plc until April 2041 (subject to option)
Fixed rental uplift in April 2016 and 5 yearly thereafter
Approximately 787.00 sq m (8,471 sq ft)
Prominent pedestrianised town centre location
Close to Tesco Supermarket, Superdrug and Iceland
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 24
Auction 10th December 2015
Rent £35,000 per Annum Exclusive
Status Sold Post
Price
Sector
Public House
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

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

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.