15 High Street Mold Flintshire CH7 1AZ

15 High Street
Mold
Flintshire
CH7 1AZ

Freehold Retail Investment

Let to GR & MM Blackledge plc (t/a Bodycare) on a new 10 year lease (no breaks)
Opposite an entrance to the Daniel Owen Shopping Centre
Nearby occupiers include WH Smith, Boots the Chemist, Superdrug, Costa, Specsavers and JD Wetherspoon
Tenant to undertake refurbishment programme prior to fit out
For the Seller's Legal Pack, please click the Property Documents tab below
£52,000 per annum exclusive, subject to note 3

Lot
13
Auction
13th October 2016
Rent
£52,000 per Annum Exclusive
Status
Sold
Price
£650,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of Receivers - CBRE

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Freehold Retail Investment

Let to GR & MM Blackledge plc (t/a Bodycare) on a new 10 year lease (no breaks)
Opposite an entrance to the Daniel Owen Shopping Centre
Nearby occupiers include WH Smith, Boots the Chemist, Superdrug, Costa, Specsavers and JD Wetherspoon
Tenant to undertake refurbishment programme prior to fit out
For the Seller's Legal Pack, please click the Property Documents tab below
£52,000 per annum exclusive, subject to note 3

Lot 13
Auction 13th October 2016
Rent £52,000 per Annum Exclusive
Status Sold
Price £650,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of Receivers - CBRE

Property Information

Location

Miles: 13 miles west of Chester, 13 miles north-west of Wrexham, 23 miles south-west of Liverpool
Roads: A494, A55, M53, M56
Air: Liverpool John Lennon Airport

Situation

The property is situated in a prominent trading position in the heart of the town centre on the east side of the High Street opposite an entrance to the Daniel Owen Shopping Centre. Nearby occupiers include WH Smith, Boots the Chemist, Superdrug, Costa, Specsavers and JD Wetherspoon.

Tenure

Freehold.

Location

Miles: 13 miles west of Chester, 13 miles north-west of Wrexham, 23 miles south-west of Liverpool
Roads: A494, A55, M53, M56
Air: Liverpool John Lennon Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Note

This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.

VAT

VAT is not applicable to this lot.

Note

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)		Tenant	Term	Rent p.a.x	Review/(Reversion)
Ground First Second	Retail/Ancillary Ancillary Ancillary	291.06 sq m 102.66 sq m 71.63 sq m	(3,133 sq ft) (1,105 sq ft) (771 sq ft)	GR & MM BLACKLEDGE PLC (1) (t/a Bodycare)	10 years from 09/09/2016 on a full repairing and insuring lease (2)	£52,000 (3)	09/09/2021 (08/09/2026)
Total		465.35 sq m	(5,009 sq ft)			£52,000 (3)

(1) For the year ending 31st December 2015, GR and MM Blackledge plc reported a turnover of £134,874,678, pre-tax profits of £4,877,048 and a total net worth of £24,532,501 (Source: Experian Group 05/09/2016).
(2) The lease is subject to a schedule of condition.
(3) Under the terms of the lease the tenant is to benefit from a 12 month rent free period expiring 8th September 2017. The seller has agreed to adjust the completion monies so that the property will produce £52,000 p.a.x from completion of the sale.