Mixed Use
Centrally located commercial property, let at £21,720 per annum.
The substantial property fronts Well Street within the historic town centre of Ruthin close to all necessary amenities and transport links. The property is fully occupied with scope for further rental increases subject to any individual lease and makes an excellent investment opportunity.
1. Laundrette:
GF: Laundrette / washing area.
FF: Bathroom, store room.
2. Convenience store:
GF: Shop area with small WC and washbasin.
3. Residential Flat:
GF: Entrance leading to stairs to first floor.
FF: Kitchen diner, lounge, bedroom with en suite.
4. Indian Restaurant and takeaway:
GF: Waiting room, dining area with bar, hallway, commercial kitchen.
FF: Male & Female toilets.
5. Carpet Warehouse:
GF: substantial open-plan warehouse.
Outside: Large rear yard.
Note: Lease information can be found in the legal pack. Rent reviews for the restaurant, laundrette and flat are due 2026. Unit 5 (Carpet Warehouse) is operating on a no-lease basis, but believed to be paying £430pcm. Prospective buyers are to note the tenancy schedule included within the legal document's. As of the point of instruction, we are informed by the landlord that there are no arrears with any tenants.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
