Description
The
subject property comprises two adjoining mid-terraced modern retail
units.
253 High Street (Holland & Barrett)
is arranged over three levels with the basement and small first
floor providing ancillary storage and staff space for the ground
floor sales.
The more modern construction of 255/257
High Street (Top Shop) is arranged over two levels; ground and
first floor. This unit offers an attractive modern retail
unit with excellent frontage and a good floor to ceiling height. It
also benefits from a large first floor sales area. There is
lift access between levels along with a large sales staircase
located towards the front.
OS Plan
Accommodation And Tenancy Schedule
We have
been provided with the following approximate areas:
Click here to see the tenancy
schedule
Covenant Information
Holland & Barrett Retail Limited
| D&B Rating - 5A1 |
30 Sept 2010 (£000s) |
30 Sept 2009(£000s) |
30 Sept 2008 (£000s) |
| Sales Turnover |
275,571 |
249,645 |
244,303 |
| Profit/9Loss) Before Tax |
47,716 |
41,161 |
46,284 |
| Tangible Net Worth |
91,532 |
93,441 |
75,736 |
| Net Current Assets (Liabilities) |
39,999 |
56,689 |
38,269 |
Redcastle Limited
| D&B Rating - 5A2 |
30 Aug 2010 (£000s) |
30 Aug 2009(£000s) |
30 Aug 2008 (£000s) |
| Sales Turnover |
262,785 |
257,723 |
253,416 |
| Profit/9Loss) Before Tax |
(14,684) |
(20,150) |
(8,157) |
| Tangible Net Worth |
293,104 |
304,946 |
319,854 |
| Net Current Assets (Liabilities) |
128,468 |
140,460 |
150,549 |
Arcadia Group PLC (guarantor to Redcastle
Limited)
| D&B Rating - 5A1 |
30 Aug 2010 (£000s) |
30 Aug 2009(£000s) |
30 Aug 2008 (£000s) |
| Sales Turnover |
146,932 |
67,931 |
66,853 |
| Profit/9Loss) Before Tax |
19,845 |
57,745 |
94,886 |
| Tangible Net Worth |
1,092,763 |
1,076,321 |
1,020,911 |
| Net Current Assets (Liabilities) |
(105,795) |
(76,413) |
(115,622) |
Tenure
We
understand that 255/257 is held freehold, whilst 253 is held on a
999 year lease at a peppercorn.
Planning
We believe
the current use on both retail units falls within class A1 of the
Town and Country Planning (Use Classes) order 1987 (as originally
enacted). We do not believe that any of the properties are
listed but understand that they are within the Bangor Conservation
area. Interested parties should make their own enquiries,
Gwynedd Council (Planning 01766 771000).