Position The property is located in an excellent trading location on the east side of Stryd Fawr, Abersoch’s main retailing thoroughfare.
Rent £23,950 pa ON THE INSTRUCTIONS OF
Prime Freehold Retail and Residential Investment in Popular Seaside Town
• Predominantly let to Jack Wills Limited on a new 10 year lease (No Breaks)
• Substantial four bedroom house let on Protected Tenancy
• VAT- free investment
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Eversheds LLP. t: 0845 497 1281. e: jenniferhicks@eversheds.com Ref: Ms J Hicks.
74
Nearby: Crew Clothing, Fat Face, NatWest Bank and various independent retailers
Description SHOP arranged on the ground floor only with a SELF-CONTAINED HOUSE accessed from Stryd Fawr arranged on the ground and first floors. The property benefits from a garage adjacent to the house and a rear garden.
– (–) Total Commercial Area 58.53 sq m (630 sq ft) Term
10 years from 4th April 2011 with a rent review in 2016
10 years from 29th September 2011 with a tenant’s option to break in years 5 and 8
AN INDIVIDUAL Protected tenancy from 1st June 1978
Total Rent
Rent £ p.a. £18,000 (2)
£2,500
£3,450 £23,950
(1) Trading as Jack Wills who trade from about 51 stores in the UK and for the year to 01/10 reported a turnover of £63.7 million, pre-tax profits of £6.7 million and a net worth of £12.5 million. (Source: One Source One-Stop Report)
(2) The lease is subject to a rent-free period expiring 4th January 2012. The Vendor has agreed to ‘top-up’ the rent from completion of the sale until the expiry of the rent-free period – please see Special Conditions of Sale.
(3) HSBC Bank plc for the year to 12/10 reported pre-tax profits of £4 billion and a net worth of £23.5 billion. (Source: One Source One-Stop Report)