Barnett Ross Auctioneers and Chartered Surveyors in London

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Occupying a busy town centre position close to the junction with Gloddaeth Street only a few yards from Llandudno Pier and the Beach, amongst a variety of multiples including Pound Stretcher, M&Co, William Hill, Peacocks, WH Smiths, Halifax, Barclays and many more.
Llandudno is the principal commercial centre of North Wales and a major tourist attraction for holidaymakers, situated close to the A55 Expressway, 48 miles west of Chester and 23 miles east of Bangor.

Forming part of an attractive building comprising a Large Pharmacy arranged over Ground and Lower Ground Floors.

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TENURE

Leasehold (held on 2 co-terminous leases) for a term of 2000 years from 1910 at a ground rent of £36 pa.

Ground Floor Shop
Gross Frontage 49'1"
Return Frontage 16'7"
Net Frontage 59'7"
Shop Depth 29'7"
Built Depth 58'3" Max
Sales Area Approx 2,380 sq ft*
Lower Ground Floor
Store Area Approx 3,194 sq ft*
2 WC's
Total Area Approx 5,574 sq ft

* Areas supplied by Vendor

The property is let on an effectively full repairing and insuring lease to E Moss Ltd (t/a Alliance Pharmacy) (See Tenant Profile) for a term of 20 years from 6th January 1992 at a current rent of £78,677 per annum exclusive.

TENANT PROFILE
E Moss Ltd are part of Alliance Boots Holdings Ltd which was formed through a merger between Alliance UniChem and Boots. The Group trades from approximately 3,200 stores. For the Y/E 31/3/09 E Moss Ltd reported a T/O of £48.5m, Pre-Tax Profit £10.98m and a Net Worth of £289.7m.