For Sale By Auction | 14:00, 14 March 2019 | Lot 56

Kiosk A Queen Street, Henblas Square, Wrexham, Clwyd, LL13 8AE

*Guide | £130,000 (plus fees)

  • Commercial Property
  • Tenure: See Legal Pack

Call the team on 0800 050 1234 for more information

Auction Date

Thu 14/03/2019

Auction Time

14:00

Auction Venue

Bolton Wanderers Stadium Platinum Suite, De Havilland Way, Bolton, BL6 6SF

Retail Investment - Let to The Money Shop - Producing £14,000pa

Ground floor kiosk unit extending to a net internal floor area of 524 sq ft. fronting onto Queen Street situated within the Henblas Square Shopping Centre in the centre of Wrexham. The unit is currently let to Instant Cash Loans Limited trading as The Money Shop by way of a 10 year lease from September 2016 at a rental of £14,000 per annum incorporating a rent review and break clause in 2021. A copy of the lease is provided in the legal pack. Instant Cash Loans Limited reported (y/e June 2017) a turnover of £148.2 million, operating from 237 retail stores across the UK and Northern Ireland (up from 249 stores in 2016) and employ on average 1,353 employees. Henblas Shopping Centre was constructed in 1999 in the heart of the pedestrianised town centre with prominent frontage to Henblas Street, Chester Street and Queen Street.

Tenure

See Legal Pack

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Wrexham County Borough Council

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £1080 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.