Let to Iceland Foods Limited until 2029 (no breaks)
Located within popular seaside resort town
Substantial frontage onto High Street
Nearby occupiers include Home Bargains, William Hill, NatWest and Subway
Lot 13
Auction 7th December 2017
Rent £65,000 per Annum Exclusive
Status Sold
Price £1,045,000
Sector Supermarket
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Trustees
Property Information
Location
Miles
5 miles east of Rhyl, 30 miles north-west of Chester
Roads
A548, A55
Rail
Prestatyn Rail
Air
Liverpool John Lennon Airport
Situation
Prestatyn is a popular seaside resort town some 5 miles east of Rhyl. The property occupies a prominent position on the west side of the High Street, some 200 metres from Prestatyn Rail Station. Nearby occupiers include Home Bargains, William Hill, NatWest and Subway.
Tenure
Freehold.
Location
Miles
5 miles east of Rhyl, 30 miles north-west of Chester
Roads
A548, A55
Rail
Prestatyn Rail
Air
Liverpool John Lennon Airport
Situation
Prestatyn is a popular seaside resort town some 5 miles east of Rhyl. The property occupies a prominent position on the west side of the High Street, some 200 metres from Prestatyn Rail Station. Nearby occupiers include Home Bargains, William Hill, NatWest and Subway.
Tenure
Freehold.
Description
The property comprises a substantial ground floor retail unit with first floor ancillary accommodation. The property benefits from loading to the rear.
VAT
VAT is applicable to this lot.
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 substantial ground floor retail unit with first floor ancillary accommodation. The property benefits from loading to the rear.
VAT
VAT is applicable to this lot.
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
Reviews
Ground First
Retail Ancillary
552.68 sq m 425.21 sq m
(5,949 sq ft) (4,577 sq ft)
ICELAND FOODS LIMITED (1)
15 years from 11/07/2014 until 10/07/2029 on a full repairing and insuring lease
£65,000
11/07/2019 11/07/2024
Totals
977.89 sq m
(10,526 sq ft)
£65,000
(1) For the year ending 24th March 2017, Iceland Foods Limited reported a turnover of £2,770,500,000, pre-tax profits of £67,300,000 and a total net worth of £784,100,000 (Source: Experian Group 09/11/2017). Iceland Foods is a unique British food retailer with over 880 stores throughout the UK (Source: www.iceland.co.uk 09/11/2017).
