Freehold Retail Investment
Freehold Retail Investment
Caernarfon is an historic Royal town on the eastern shore of the Menai Strait, famous for its breathtaking castle. The property is prominently situated on the south side of Pool Street, which connects to Castle Square, in the heart of the town centre. Neighbouring occupiers include Nationwide, Savers Health & Beauty, Boots Pharmacy, Lloyds Bank, Subway and HSBC.
Freehold.
Caernarfon is an historic Royal town on the eastern shore of the Menai Strait, famous for its breathtaking castle. The property is prominently situated on the south side of Pool Street, which connects to Castle Square, in the heart of the town centre. Neighbouring occupiers include Nationwide, Savers Health & Beauty, Boots Pharmacy, Lloyds Bank, Subway and HSBC.
Freehold.
The property includes two self contained retail units. Unit 2 comprises ground floor retail accommodation and first floor ancillary accommodation. Unit 4 comprises ground floor retail accommodation with first and second floor ancillary accommodation and basement storage.
VAT is Not applicable to No 2 Pool Street, but VAT is applicable to No 4 Pool Street
See legal pack.
The property includes two self contained retail units. Unit 2 comprises ground floor retail accommodation and first floor ancillary accommodation. Unit 4 comprises ground floor retail accommodation with first and second floor ancillary accommodation and basement storage.
VAT is Not applicable to No 2 Pool Street, but VAT is applicable to No 4 Pool Street
See legal pack.
| Unit | Floor | Use | Floor Areas (Approx) |
Tenant | Term | Rent p.a.x | Review/ (Reversion) |
|
|---|---|---|---|---|---|---|---|---|
| Unit 2 | Ground First |
Retail Ancillary |
202.06 sq m 23.50 sq m |
(2,175 sq ft) (253 sq ft) |
DONE BROTHERS (CASH BETTING) LIMITED t/a Betfred (1) |
15 years from 29/04/2013 |
£30,000 | 29/04/2023 (28/04/2028) |
| Unit 4 | Ground First Second |
Retail Ancillary Ancillary |
39.02 sq m 28.77 sq m 52.93 sq m |
(420 sq ft) (309 sq ft) (570 sq ft) |
WEBBERS LEISURE LIMITED |
10 years from 11/10/2017 (2) |
£15,000 | 11/10/2022 (11/10/2027) |
| Total |
346.28 sq m |
(3,727 sq ft) |
£45,000 | |||||
(1) For the year ending 29th September 2019, Done Brothers (Cash Betting) Limited reported a turnover of £388,347,000, a pre-tax profit of £59,304,000 and shareholders funds of £28,926,000 (Source: NorthRow 22/02/2021). Established in 1967, as of July 2017, Betfred operates over 1,650 shops throughout the United Kingdom after the purchase of 322 shops due to the merger between fellow bookmakers Ladbrokes and Coral in October 2016 (Source: www.betfred.com/about 22/02/2021).
(2) As to Unit 4,the lease provides for a tenant option to determine the lease on 10/10/2022 upon serving 6 months written notice.
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.
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