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    Key features

    • Leasehold Shop Investment
    • Entirely let to Cancer Research Wales
    • Well located in the popular coastal resort town
    • Comprising 2,594 sq ft
    • Situated in an established trading position within the town
    • VAT is applicable
    • Investment let at £20,000 p.a.

    Description

    The Property is arranged on basement, ground and one upper floor to provide a shop on ground and part first floor with basement staff and ancillary accomodation. The property forms part of a larger building not included in the sale.

    Additional information

    Tenure

    Leasehold. Held on a lease for 125 years from 06.09.2019 (thus having some 118 years unexpired) at a fixed ground rent of £750 per annum

    Accommodation

    Ground Floor - 100.81 sq m (1,085 sq ft)

    Part First Floor - 64.24 sq m (691 sq ft)

    Basement - 75.91 sq m (817 sq ft)

    Total - 240.96 sq m (2,594 sq ft)

    Tenancy

    Let to Cancer Research Wales on an effective full repairing and insuring (FRI) lease subject to a schedule of condition for a term of 10 years from April 2024 at £20,000 per annum.


    The lease provides for a tenant break option and rent review at the 5th anniversary.

    Rent

    £20,000 per annum

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.


    Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Knightsbridge House occupies a prominent position on Gloddaeth Street in the centre of Llandudno, one of North Wales’ most established and popular seaside towns. The property is situated within the town’s main commercial district, benefitting from strong pedestrian flow and close proximity to a wide range of national and independent retailers, cafés and leisure amenities.


      Llandudno enjoys excellent connectivity, with direct rail services to Chester, Manchester and London, together with convenient access to the A55 North Wales Expressway, providing links across the region and into the North West. The town is a well-known tourist destination, famed for its Victorian promenade, pier and attractive coastal setting, underpinning consistent footfall throughout the year.


      The immediate surroundings comprise a mix of office, retail and leisure occupiers, making the location well suited to a variety of commercial uses.

      Transport

      Road:The property benefits from excellent road connectivity, with the A55 North Wales Expressway located a short distance to the south. This major dual carriageway provides a principal east–west route, linking Llandudno to Chester and the wider motorway network, as well as westwards towards Bangor and Holyhead.

      RailLlandudno is served by a town centre railway station, with more frequent and wider-reaching services available from Llandudno Junction on the North Wales Coast Line. The Junction provides direct connections to Chester, Manchester and London Euston, facilitating convenient national rail access.

      BusThere are regular local bus services operating throughout Llandudno and the surrounding region, with a number of routes passing close to Gloddaeth Street, connecting the town with destinations including Bangor, Colwyn Bay and Rhyl.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums