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

An indication of the seller’s current minimum acceptable price at auction. The guide price or range of guide prices is given to assist consumers in deciding whether or not to pursue a purchase. It is usual, but not always the case, that a provisional reserve range is agreed between the seller and the auctioneer at the start of marketing. As the reserve is not fixed at this stage and can be adjusted by the seller at any time up to the day of the auction in the light of interest shown during the marketing period, a guide price is issued. This guide price can be shown in the form of a minimum and maximum price range within which an acceptable sale price (reserve) would fall, or as a single price figure within 10% of which the minimum acceptable price (reserve) would fall. A guide price is different to a reserve price (see separate definition). Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

* Reserve price

The seller’s minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

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