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.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating D
Wrexham County Borough Council
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.