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Lot 39 Click here for addendum

Gross Yield 14.8%
6 Week Completion

Situation

Located close to the junction with William Street and just yards from the Celtic Gateway Bridge, within the town centre, amongst such multiples as Boots, The Cooperative Food Supermarket, Santander, Betfred and a variety of independent traders.
Holyhead is the principal commercial centre of the Isle of Anglesey providing regular ferry services to Ireland, with good road access via A5 and the A55 North Wales Coastal Expressway, some 24 miles west of Bangor.

Property

A mid terrace building comprising a Ground Floor Shop with Ancillary Accommodation planned on lower ground floor and basement levels. In addition, the property benefits from rear access to a parking/bin storage area.

Accommodation

Ground Floor Shop
Gross Frontage 24'1”
Internal Width 22'9”
Rear Width 17'0”
Shop Depth 65'5”
Built Depth 72'11”
Area Approx 1,355 sq ft
Customer WCs
Lower Ground Floor
Storage/Kitchen Area Approx 1,200 sq ft
Staff WCs
Basement
Area Approx 170 sq ft (door to parking area)

VAT is NOT applicable to this Lot

Freehold

Tenancy

The entire property is let on a full repairing and insuring lease to William Hill (North Western) Limited (parent company William Hill Organization Limited (having approx. 2,300 branches) (T/O for Y/E 27/12/2016 £879m, Pre-Tax Profit £223.5m and Shareholders' Funds £134.3m) for a term of 20 years from 11th November 2004 at a current rent of £18,500 per annum exclusive.

Rent Review November 2019

*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.

19/21 Market Street, Holyhead, Anglesey LL65 1UL