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Lot 42 Click here for addendum

(Gross yield 12.5%)
6 Week completion

SITUATION

Occupying a prominent trading position along the part pedestrianised Chester Street, adjacent to Coral and near to TJ Hughes. The property is just a few yards from the junction with High Street which hosts a variety of traders including Subway and Nationwide as well as a number of pubs and restaurants.
In addition, the development of the nearby Eagles Meadow Shopping Scheme has enhanced the town's retail catchment with its occupiers including Debenhams and Marks & Spencer.
Wrexham is known to be the principle town of north-east Wales and is located approx. 10 miles south-west of Chester and approx. 20 miles west of Crewe with good road links via the M56 and M6.

PROPERTY

Forming part of an end of terraced building comprising a Ground Floor Corner Shop with an extensive return frontage together with internal access to a Staff Room on the first floor.

ACCOMMODATION

Ground Floor Corner Shop
Gross Frontage 14'10”
Return Frontage 56'0”
Internal Width 12'2”
widening at rear to 15'6”
Shop Depth 40'11”
Built Depth 56'0”
First Floor
Staff Room Area Approx. 80 sq ft
WC

VAT is applicable to this Lot

TENURE

Leasehold for a term of 999 years from completion at a peppercorn.

TENANCY

The property is let on an internal repairing and insuring lease to Christine Roberts t/a Sure to Please Tailors (Alterations/Repairs/T-Shirt Printing) for a term of 20 years from 27th June 2013 (in occupation for over 40 years) at a current rent of £10,000 per annum exclusive.

*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.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

3 Chester Street, Wrexham, Clwyd LL13 8BD