Wilko, Market Street & Queen Street Rhyl Denbighshire LL18 1RL

  • Wilko, Market Street & Queen Street<br>Rhyl<br>Denbighshire<br>LL18 1RL

Wilko, Market Street & Queen Street
Rhyl
Denbighshire
LL18 1RL

Freehold Retail Investment

  • Entirely let to Wilko Retail Limited until 2026 (no breaks)
  • Pedestrianised town centre location
  • Situated close to the White Rose Shopping Centre
  • Nearby occupiers include Boots, New Look, Costa, Holland & Barrett and JD Sports
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    16
  • Auction
    25th May 2017
  • Rent
    £275,388 per Annum Exclusive
  • Status
    Sold
  • Price
    £2,550,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers
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Freehold Retail Investment

  • Entirely let to Wilko Retail Limited until 2026 (no breaks)
  • Pedestrianised town centre location
  • Situated close to the White Rose Shopping Centre
  • Nearby occupiers include Boots, New Look, Costa, Holland & Barrett and JD Sports
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 16
  • Auction 25th May 2017
  • Rent £275,388 per Annum Exclusive
  • Status Sold
  • Price £2,550,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Joint LPA Receivers

Property Information

Location
Miles
29 miles north-west of Chester, 37 miles south-west of Liverpool
Roads
A548, A55
Rail
Rhyl Railway Station
Air
Liverpool John Lennon Airport
Situation

The property is prominently situated on the north side of pedestrianised Market Street, at its junction with Queen Street in the heart of the town centre. The property is close to the White Rose Shopping Centre, which houses retailers including Boots, New Look, JD Sports and Specsavers. Other nearby occupiers include Costa, Holland & Barrett, Savers, Peacocks, JD Wetherspoon, Santander and NatWest.

Tenure

Freehold.

Location
Miles
29 miles north-west of Chester, 37 miles south-west of Liverpool
Roads
A548, A55
Rail
Rhyl Railway Station
Air
Liverpool John Lennon Airport
Situation

The property is prominently situated on the north side of pedestrianised Market Street, at its junction with Queen Street in the heart of the town centre. The property is close to the White Rose Shopping Centre, which houses retailers including Boots, New Look, JD Sports and Specsavers. Other nearby occupiers include Costa, Holland & Barrett, Savers, Peacocks, JD Wetherspoon, Santander and NatWest.

Tenure

Freehold.

Description

The property comprises a purpose built retail unit with a double height entrance and comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from frontages to both pedestrianised Market Street and Queen Street.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act 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 Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act 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 a purpose built retail unit with a double height entrance and comprises ground floor retail accommodation with ancillary accommodation on the first floor. The property benefits from frontages to both pedestrianised Market Street and Queen Street.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act 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 Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act 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.

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)

 Tenant Term Rent p.a.x Review
Ground
First

 Retail/Ancillary
Ancillary
1,785.92 sq m 693.60 sq m
(19,224 sq ft) (7,466 sq ft)
 WILKO RETAIL LIMITED (1)
 20 years from 30/05/2006 until
29/05/2026 on a
full repairing and
insuring lease
 £275,388
 30/05/2021
Totals  
2,479.52 sq m
(26,690 sq ft)
     £275,388
  

(1) For the year ending 30th January 2016, Wilko Retail Limited reported a turnover £1,464,475,000, pre-tax profits of £25,955,000 and a total net worth of £182,398,000 (Source: Experian Group 27/04/2017).
NB: There is a sub-station on-site let to SP Manweb Plc for a term of 99 years from 26th May 2006 at nil rent.

Contacts

Acuitus
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Seller's Solicitors
DWF LLP 5 St Paul's Square, Old Hall Street
Liverpool
L3 9AE
Abigail Dry 0151 9073 438abigail.dry@dwf.law

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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