101 Mostyn Street Llandudno Conwy LL30 2PD

101 Mostyn Street
Llandudno
Conwy
LL30 2PD

High Yielding Retail Investment

Let to WH Smith Retail Holdings Limited
Shop includes town centre's only Post Office
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
Auction Venue
Live Streamed Auction
On Behalf of a Real Estate Investment Trust

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High Yielding Retail Investment

Let to WH Smith Retail Holdings Limited
Shop includes town centre's only Post Office
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

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

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Basement Second	Retail Retail/Ancillary Ancillary Ancillary	343.74 sq m 163.23 sq m 124.86 sq m 69.68 sq m	(3,700 sq ft) (1,757 sq ft) (1,344 sq ft) (750 sq ft)	WH SMITH RETAIL HOLDINGS LIMITED (1)	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.