Let to Iceland Foods Limited (not in occupation) until February 2030 (subject to option)
Approximately 7,043 sq ft
Immediate Asset Management Opportunities
Development potential of upper parts (subject to consents)
Nearby retailers include Tesco Express, Sainsbury's, Asda, Aldi, B&M, Domino's, Greggs, Subway and Boots Pharmacy
Lot 18
Auction 13th December 2023
Rent £75,981 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
13 miles north west of Chester, 18 miles south of Liverpool
Roads
A55, A494, A548, M6, M53
Rail
Flint Train Station
Air
Liverpool John Lennon Airport
Situation
Flint is a North Wales town with a population of around 13,000 and enjoys good communications via the A55 giving access to Chester (13 miles east) and the M56, as well as regular rail services. The property is situated on the south side of Church Street, with retailers including Tesco Express, Sainsbury's, Asda, Aldi, B&M, Domino's, Greggs, Subway and Boots Pharmacy.
Tenure
Freehold.
Location
Miles
13 miles north west of Chester, 18 miles south of Liverpool
Roads
A55, A494, A548, M6, M53
Rail
Flint Train Station
Air
Liverpool John Lennon Airport
Situation
Flint is a North Wales town with a population of around 13,000 and enjoys good communications via the A55 giving access to Chester (13 miles east) and the M56, as well as regular rail services. The property is situated on the south side of Church Street, with retailers including Tesco Express, Sainsbury's, Asda, Aldi, B&M, Domino's, Greggs, Subway and Boots Pharmacy.
Tenure
Freehold.
Description
The property comprises a former supermarket arranged on the ground and first floors. The property is serviced to the rear via Sydney Street.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Description
The property comprises a former supermarket arranged on the ground and first floors. The property is serviced to the rear via Sydney Street.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Tenancy & Accommodation
Floor
Use
Gross Internal Floor Areas Approx sq m
Gross Internal Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Ground First
Retail/Ancillary Ancillary
534.74 119.56
(5,756) (1,287)
ICELAND FOODS LIMITED (1)
25 years from 28/02/2005 (2)
£75,981 rising to £85,965 in February 2025
Total
654.30
(7,043)
£75,981
(1) For the year ending 24th March 2023, Iceland Foods Limited reported a turnover of £3,864,900,000 and a net worth of £684,700,000 (www.northrow.com). The tenant is currently not in occupation, having vacated in May this year. (2) The lease is subject to a tenant only option to determine on 28/02/2025.
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.
