FREEHOLD RETAIL INVESTMENT LLYS CARADOC HOLYHEAD ROAD | BETWS-Y-COED | NORTH WALES | LL24 0BW INVESTMENT SUMMARY

• Located in Betws-y-Coed, the Gateway to Snowdonia

• Ideal SIPP opportunity

• Let to Trespass Europe Ltd by way of a re-geared lease expiring July 2028

• Providing a Total Floor Area of 356.53 sq m (3,838 sq ft)

• VAT Elected

• Passing rent £45,000 per annum

• Price £600,000 subject to contract and exclusive of VAT

• Net initial yield of 7.14% after allowing for purchaser’s costs of 5.05%

1 www.masonowen.com LOCATION

The picturesque and popular, year round, tourist location of Betws-y-Coed is located in the Conwy valley approximately 18 miles south of Llandudno, 21 miles east of Bangor and 41 miles west of Wrexham.

Betws-y-Coed is known as the “Gateway to Snowdonia”, one of the UK’s most popular National Parks covering an area of 823 square miles and attracting over 10 million visitor days each year. It is reported that 62% of day visitors to Snowdonia stop in Betws- y-Coed attracted to the village by its awe inspiring scenery and accessibility.

Betws-y-Coed benefits from good road communications being located at the junction of the A5 and A470 trunk roads. The A5 connects Betws-y-Coed to Corwen and the Midlands to the east and to Bangor and the port of Holyhead to the west. The A470 provides direct access to the A55 North Wales Expressway to the north at Conwy and to Ffestiniog and the Coed y Brenin Forest Park to the south.

2 www.masonowen.com SITUATION

The property occupies a prominent position fronting the A5 Holyhead Road adjacent to Field & Trek and Galleri Betws y Coed.

National occupiers with representation in Betws-y-Coed predominantly cater for the outdoor leisure market and include Cotswold, Milletts, Edinburgh Woollen Mill, Rohan and Hawkshead. The majority of the remaining commercial occupiers within the village provide amenities for the numerous day trippers and walkers and include restaurants, café’s, ice cream parlours, guest houses, B&B’s and local hotels.

3 www.masonowen.com 4 www.masonowen.com DESCRIPTION

The subject property is arranged over four storeys and is of traditional slate construction typical in the Snowdonia National Park. The current tenant trades from basement, ground and first floors with ancillary space at second floor.

5 www.masonowen.com ACCOMMODATION TENANCY

The property has been measured in accordance with RICS Property The property is let in its entirety to Trespass Europe Limited Measurement 1st Edition. (SC292500) by way of a reversionary lease expiring 28 July 2028 at a passing rent of £45,000 per annum exclusive. The lease is drawn

sq m sq ft on full repairing and insuring terms and the rent is subject to an open market review on 29 July 2023. The tenant has the option to Basement Sales 71.07 765 determine the lease on 29 July 2023 in the event the store turnover Basement Ancillary 33.58 361 for the year commencing July 2022 is less than £325,000. Ground Floor Sales 110.44 1189

Ground Floor Ancillary 2.55 27 TENANT COVENANT INFORMATION First Floor Sales 73.01 786

First Floor Ancillary 7.21 78 Trespass Europe Limited is a wholly owned subsidiary of Second Floor Ancillary 58.67 632 Jacobs & Turner Ltd which was established in Glasgow in 1938. The subsidiary brand Trespass was created in 1984 and signaled TOTAL 356.53 3,838 a shift in the company towards the design and retail of specialist outdoor clothing. Gross Frontage 14.53 m 47' 08'' Since the opening of their first store in the 1990’s Trespass has Net Frontage 9.38 m 30' 09'' expanded rapidly and now trade from over 150 stores nationwide selling a wide variety of clothing and equipment for hikers, campers and skiers. TENURE

Freehold.

6 www.masonowen.com ENERGY PERFORMANCE CERTIFICATE

Band C 70.

EPC available online at www.epcregister.com

VAT

The subject property is elected for VAT. Provided certain criteria are met, the transaction may be treated as a Transfer Of a Going Concern.

PRICE

We are instructed to seek offers in excess of £600,000 subject to contract and exclusive of VAT. A purchase at this price will reflect a net initial yield of 7.14% after allowing for purchaser’s costs of 5.05%.

7 www.masonowen.com MISREPRESENTATION ACT 1967 MASON OWEN Messrs. Mason Owen & Partners for themselves and for vendors or Gladstone House lessors of this property whose agents they are give notice that: 11 Union Court Liverpool 1) The particulars are set out as a general outline for the guidance of intended purchasers L2 4UQ or lessees and do not constitute, nor constitute part of, an offer or contract. 2) All descriptions, dimensions, reference to condition and necessary permissions for use and t. 0151 242 3000 occupation and other details, are given without responsibility and any intending purchasers www.masonowen.com or tenants should not rely on them as statements or representations of fact but must w. satisfy themselves by inspection or otherwise as to the correctness of each of them. 3) No person in the employment of Messrs. Mason Owen & Partners has any authority to make or give any representation or warranty whatever in relation to this property.

FURTHER INFORMATION PROPERTY MISDESCRIPTIONS ACT 1991 For an appointment to view please do not hesitate to contact: These details are believed to be correct at the time of completion but may be subject to subsequent amendment.

0151 242 3043 [email protected] FINANCE ACT 1989 ANDREW SCOTT t. e. Unless otherwise stated, all prices and rents are quoted exclusive of VAT. JAMIE MOFFATT t. 0151 242 3042 e. [email protected] SUBJECT TO CONTRACT & EXCLUSIVE OF VAT