Property Details
Pugh Auctions
Auction: July 2019

20 New Street, Mold, Flintshire, CH7 1NZ

Property Details
Location

The property fronts onto New Street, close to its intersection with Wrexham Street / B544 and is one of the main routes through the busy market Town of Mold, with plenty of passing public trade and footfall. There a number of multinational and independent traders within the immediate vicinity including Argos, Iceland and Costa Coffee and benefits from a large public car park within easy walking distance. Chester is located approximately 17 miles to the East.

Description

A freehold retail investment currently comprising a large ground floor retail unit let on a new 5 year lease to Nightingale House Hospice and separately accessed first floor hairdressing salon. The property is producing an annual income of approximately £21,400.

Accommodation

The below accommodation measurements have been taken from the VOA website.

20 New Street
154.23 SQM / 1660 SQ FT
18 New Street
73.2 SQM / 787 SQ FT

Tenancy

1. 20 New Street is let to Nightingale House Hospice on a new 5 years lease at £16,000 per annum with a 3 year tenant break option. 2. 18 New Street is let to Hairdressers at £450pcm equivalent to £5,400 per annum

General

1. The rateable value for 20 New Street is listed as £20,000 with effect from 1st April 2017.

2. The rateable value for 18 New Street is listed as £5,200 with effect from 1st April 2017.

Addendum

1) There is no signed tenancy agreement in place for the first floor hairdressers which we believe are let at £475 PCM 2) Clause 5.2 of the contract has been amended.

Property Location Address:
20 New Street,
Mold,
Flintshire,
CH7 1NZ
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Auction Details
Auction: July 2019 Date: 16th July 2019 Doors Open: 10:30am Bidding Starts: 12:00pm
Address:
AJ Bell Stadium,
Manchester,
M30 7EY

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