Large, well configured shop approximately 701.51 sq m (7,551 sq ft) including first floor trading area
Nearby occupiers include Sainsbury's Local, Poundland, Caffe Nero, The Works and Savers Health and Beauty
Lot 13
Auction 28th October 2020
Rent £150,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of a Real Estate Investment Trust
Property Information
Location
Miles
16 miles west of Rhyl
33 miles east of Anglesey
Roads
A470, A55
Rail
Llandudno
Air
Liverpool Airport
Situation
Llandudno is an attractive seaside town in North Wales, approximately 33 miles east of Anglesey. The property is located in a prominent position on the north side of Mostyn Street, the town's main shopping street. Nearby retailers include Sainsbury's, Poundland, Caffe Nero, The Works, Savers Health and Beauty and various banks.
Tenure
Long Leasehold. Held for a term of 2000 years from 30/11/1920 at a fixed head rent of 18 per annum.
Location
Miles
16 miles west of Rhyl
33 miles east of Anglesey
Roads
A470, A55
Rail
Llandudno
Air
Liverpool Airport
Situation
Llandudno is an attractive seaside town in North Wales, approximately 33 miles east of Anglesey. The property is located in a prominent position on the north side of Mostyn Street, the town's main shopping street. Nearby retailers include Sainsbury's, Poundland, Caffe Nero, The Works, Savers Health and Beauty and various banks.
Tenure
Long Leasehold. Held for a term of 2000 years from 30/11/1920 at a fixed head rent of 18 per annum.
Description
The property, which is Grade II Listed, comprises a large, well configured double-fronted shop on the ground floor, with further sales accommodation on the first floor. The shop includes the town centres only Post Office. The basement and second floors are arranged as ancillary accommodation.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C. See legal pack at www.acuitus.co.uk.
Description
The property, which is Grade II Listed, comprises a large, well configured double-fronted shop on the ground floor, with further sales accommodation on the first floor. The shop includes the town centres only Post Office. The basement and second floors are arranged as ancillary accommodation.
Term of years from 14/08/2009 until 29/05/2022 on a full repairing and insuring lease
£150,000 (2)
Total
701.51 sq m
(7,551 sq ft)
£150,000 (2)
(1) For the year ending 31st August 2019, WH Smith Retail Holdings Limited reported a turnover of £187,524,000, pre-tax profits of £116,655,000 and shareholders funds of £614,113,000 (source: SmartSearch 30/09/2020). (2) The tenant is paying the rent monthly in advance.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
