130 High Street, Prestatyn, Clwyd, LL19 9BN

Guide Price* : 175,000

For Sale by Online Auction if Not Sold Prior

  • Prominent mixed use investment
  • Popular retail location
  • Let on a new lease until 2028
  • Producing £18,200 per annum
  • Guide Price of £175,000 reflects an attractive NIY of 10.18%

Description

The property comprises an end of terrace buildings with a convenience store of 1,092 sq ft to the ground floor. The upper parts can be accessed internally but also have a separate access from the rear. The upper parts have previously been used as both storage and as residential accommodation and total some 863 sq ft.

*Please note areas are taken from the VOA and are not to be relied upon.

Location

The property is situated on a prominent corner pitch of the High Street in Prestatyn, a popular seaside resort towm on the North Wales coast.

Tenure

Freehold

Tenancy

The entire property is let on a new lease to a single tenant, we understand that the tenant sublets the residential elements of the upper parts. The lease is for a term expiring 30 June 2028 and paying a rent of £18,200 per annum.

VAT

The property is not elected for VAT

Contact

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.

Log in to view your status

Sold Prior

This auction is now closed.

Connecting to server...

The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.


Office Contact

Max Mason
07917 865 212

Agreement Documents


Subject to Contract and Exclusive of VAT © Lambert Smith Hampton September 2021

Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.