Let to WH Smith Retail Holdings Ltd on a Re-Geared Lease Until 2027 (subject to option)
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 31
Auction 12th July 2022
Rent £65,000 per Annum Exclusive
Status Withdrawn Prior
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
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.
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
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.
(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 lease provides for a tenant option to determine the lease on 30/05/2025. (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.
