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Lot 19
8 Wellington Road, Rhyl, Denbighshire LL18 1BG

  • Photo1

* Reserve below

£95,000

6 Week completion

SITUATION

Located in this town centre position nearby William Hill, HSBC, YMCA and KFC and close to the junction with the High Street which houses a host of multiple traders such as The Money Shop, Barclays, Poundland, Greggs, Holland & Barrett and many more.
Rhyl is a popular tourist destination located on the coast of North Wales lying 30 miles west of Chester and 16 miles east of Llandudno having good road links to the A55 (Junction 24) and the M53.

PROPERTY

A mid terrace building comprising a Ground Floor Shop with internal and separate front access to Ancillary Accommodation on the first and second floors. In addition, there is a small rear yard.

ACCOMMODATION

Ground Floor Shop
Gross Frontage 21'0"
Internal Width 18'8"
Shop & Built Depth 35'7"
Area Approx. 557 sq ft
Mezzanine
Kitchen Area Approx. 77 sq ft plus WC
First Floor
3 Rooms Area Approx. 376 sq ft
Mezzanine
Area Approx. 111 sq ft
Second Floor
3 Rooms Area Approx. 364 sq ft

Total Area Approx. 1,485 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Barnardo's (having approx. 720 branches) for a term of 5 years from 29th September 2014 (in occupation for over 30 years) at a current rent of £10,500 per annum exclusive (see Note).

Note

The rent is currently £10,000 p.a. and rises to £10,500 p.a. in September 2017 and the Vendor will make up the rent shortfall on completion.

*Please note:

RESERVE:The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE: Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.