42 High Street, Rhyl, Clwyd, LL18 1ET

Lot Image

Auction sale - Monday 11th December 2017

Result:

Sold for £104,000

  • Freehold retail investment
  • High Street location
  • Let to British Heart Foundation until 2021
  • Currently producing £16,500 per annum

Addendum

42 High Street, Rhyl
Please note that the Agreed Date Completion Date (see condition G6.1) shall be changed to thirty business days after the Contract Date.

Viewings

Tuesday 28th November 2018 - 11-11.30am.

Details

Location

Summary: Town centre retail unit let to British Heart Foundation
Miles: Liverpool 22 miles, Manchester 53 miles, Chester 29 miles
Roads: A55, A494, A470
Rail: Rhyl Railway Station
Air: Manchester International Airport
Nearby Occupiers: White Rose Centre, Subway, McDonald's, JD Sports.

Description

The property comprises a two storey terraced building with a retail unit on the ground floor and storage and staff room on the second floor. The property fronts of the pedestrianised High Street close to its junction with Sussex Street.

Tenure

Freehold

Planning

Denbighshire County Council (01824 706 000) www.denbighshire.gov.uk.

VAT

Refer to the legal documentation

Energy Performance Certificate

See website

Note

The British Heart Foundation was founded in 1961 and is the UK's leading heart charity withover 670 retail outlets across the UK. (Source: www.bhf.org.uk).

Address Tenant Floor Use Sq M Sq F Lease Terms Rent £ pa Rent Review
TOTAL 123.09 1,325 £16,500
42 High Street British Heart Foundation Ground First Retail 62.15 60.94 669 656 5 years from 17/09/2016 £16,500 Tenant break on 17/09/2019

Joint auctioneers

Richard Baddeley & Co

Richard Baddeley

01492 580680

richardbaddeley@btinternet.com

Contact

Seller's solicitor

HRC Law LLP

Helen Marsh

0161 358 9545

helenmarsh@hrclaw.co.uk

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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