WH Smith, 101 Mostyn Street Llandudno Conwy LL30 2PD

WH Smith, 101 Mostyn Street
Llandudno
Conwy
LL30 2PD

Town Centre Retail Investment

Let to WH Smith Retail Holdings Ltd on a Re-Geared Lease Until 2027
Prime Town Centre Retail Location
Shop Includes Town Centres Only Post Office
Comprising Ground, Lower Ground, First and Second Floors
Nearby occupiers include Sainsbury's, Halifax, Cafe Nero, Superdrug and Mountain Warehouse.

Lot
26
Auction
18th May 2022
Rent
£65,000 per Annum Exclusive
(2)
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

Interested?

Expand
Photos
Map

Town Centre Retail Investment

Let to WH Smith Retail Holdings Ltd on a Re-Geared Lease Until 2027
Prime Town Centre Retail Location
Shop Includes Town Centres Only Post Office
Comprising Ground, Lower Ground, First and Second Floors
Nearby occupiers include Sainsbury's, Halifax, Cafe Nero, Superdrug and Mountain Warehouse.

Lot 26
Auction 18th May 2022
Rent £65,000 per Annum Exclusive (2)
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 16 miles west of Rhyl, 33 miles east of Anglesey
Roads: A470, A55
Rail: Llandudno Railway Station
Air: Liverpool Airport

Situation

Llandudno is a popular and attractive seaside town in North Wales. The property is situated on the north side of the towns main shopping street close to the sea front. Nearby occupiers include Sainsbury's, Halifax, Cafe Nero, SuperDrug and Mountain Warehouse.

Tenure

Virtual Freehold. 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 Railway Station
Air: Liverpool Airport

Situation

Tenure

Virtual Freehold. 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

The EPC will be available to view online in the solicitor’s legal pack.

Description

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 sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Reversion
Ground Lower Ground First Second	Retail Ancillary Retail/Ancillary Office	365.02 sq m 134.40 sq m 250.07 sq m 70.00 sq m	(3,929 sq ft) (1,446 sq ft) (2,691 sq ft) (753 sq ft)	WHSMITH RETAIL HOLDINGS LIMITED (1)	5 years from 30/05/2022 (2)	£65,000	29/05/2027
Total Approximate Floor Area		819.49 sq m	(8,819 sq ft) (3)			£65,000

(1) For the year ending 31/08/2021 WH Smith Retail Holdings Ltd (CRN 00471941) reported a Turnover of £160,225,000, a Pre-Tax Profit of negative £12,511,000 and a Net Worth of £883,833,000.
(2) The tenant is currently occupying the property under a lease from 14/08/2009 until 29/05/2022. Terms have been agreed for a new 5 year lease from 30/05/2022 until 29/05/2027 subject to a tenant option to determine the lease on 30/05/2025 upon serving 6 months written notice and provides for the rent to be paid monthly in arrears. It is anticipated that the lease will be completed prior to the auction.
(3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk)

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.