Freehold Retail Investment
Freehold Retail Investment
Colwyn Bay is a popular seaside town on the north Wales coast, 36 miles west of Chester and 26 miles north-east of Caernarfon. The property is located in the town centre on Penrhyn Road, close to its junction with Princess Drive. Colwyn Bay Railway Station is located 200 metres to the east. Nearby occupiers include Halifax, Nationwide and Santander amongst a number of local traders.
Freehold.
Colwyn Bay is a popular seaside town on the north Wales coast, 36 miles west of Chester and 26 miles north-east of Caernarfon. The property is located in the town centre on Penrhyn Road, close to its junction with Princess Drive. Colwyn Bay Railway Station is located 200 metres to the east. Nearby occupiers include Halifax, Nationwide and Santander amongst a number of local traders.
Freehold.
The property comprises a ground floor shop will ancillary accommodation above.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor shop will ancillary accommodation above.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground Basement First Second |
Retail Ancillary Ancillary Ancillary |
79.8 sq m 18.3 sq m 43.0 sq m 45.4 sq m |
(859 sq ft) (197 sq ft) (463 sq m) (489 sq ft) |
FUNERAL SERVICES LIMITED t/a Co-op Colwyn Bay Funeralcare (1) |
10 years from 26/04/2017 (2) on a full repairing and insuring lease subject to a schedule of condition (3) |
£11,000 | 2022 (2) |
| Totals |
186.5 sq m |
(2,008 sq ft) |
£11,000 | ||||
(1) Funeral Services Limited (30808) is a registered society under the Co-op and Community Benefit Societies Act 2014 whose registered office is at 1 Angel Square, Manchester, M60 0AG. VAT registered 403 3146 04. The Co-operative Funeralcare is a trading name of Funeral Services Limited, part of The Co-operative Group (Source: www.co-operativefuneralcare.co.uk).
(2) Tenant’s option to break in 2020 and 2022 upon 6 months’ prior notice.
(3) Tenant has an option for a new lease for a term of 10 years beginning 26th April 2027. This option can be exercised at any time up to and including 25th January 2027.
By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.
If you have a query, please fill in the box below, otherwise click the Submit button.
We will keep you updated about lot xthis property.
In the meantime, if you would like to speak to the Surveyor about this property, please call on .
Are you sure you want to remove this property from your Watch List?
Are you sure you are no longer interested in this property?
Are you sure you want to delete your Account?
