Lot 67 - Pearson Vue, 3 Bodfor Street, Rhyl, Clwyd, LL18 1AS

  • Unconditional Online Auction Sale
  • Guide Price* : £88,000+
  • Bedrooms: 0

Lot 67 - Commercial Investment

Description

ONLINE AUCTION from 10th MARCH-12th MARCH

The property comprises a retail investment situated on Rhyl High Street and forms part of an established commercial parade. The ground floor is currently let to Pearson Professional Centre, which we understand to be a government body.

We have been advised that the tenant still has a six-year lease with no break clauses, producing an income of £19,000 per annum.

The property occupies a prominent position within the town centre retail pitch, benefiting from good levels of footfall and close proximity to the High Street amenities and surrounding commercial occupiers.

Tenancies

The property is to be sold with Pearson Professional Centre in situ.

Pearson Professional Assessments Limited is a UK registered company reporting annual turnover of approximately £60–70 million and is owned by the wider Pearson Group a major London listed international education company providing strong corporate backing and financial stability.

Tenure

Advised Freehold - to be verified by solicitor

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.

Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.

* 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.

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Paul Fosh Auctions
01633 254044

Office Contact

James Hollingsworth
7930173054

Documents

Legal Documents

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Auction Finance

As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.

If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.

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