Wrexham is the largest town in North Wales, situated between the Welsh mountains and the lower Dee Valley alongside the border with England. It is the administrative, commercial and retail centre for the region. Wrexham is located approximately 86 km (53 miles) south-west of Manchester, 50 km (31 miles) north of Shrewsbury and 21 km (13 miles) south of Chester.

The town benefits from good road communications with the A55 being 14 km (9 miles) to the north, which in turn links with the M53 and M56 Motorways. The A483 also serves the town and provides access to Shrewsbury and the M54 Motorway to the south. The M6 Motorway is approximately 48 km (30 miles) to the east, accessed via the A534.

The town is connected to the national railway network with a fastest journey time to London Euston of 2 hours 24 minutes. There are also regular services to Chester with a 15 minute journey time. Liverpool John Lennon Airport is approximately 61 km (38 miles) to the north and Manchester International Airport is some 72 km (45 miles) to the north-east.

The property has been measured by BKR Floor Plans and provides the following areas:

A set of floor plans is available to download and the measured survey report will be re-addressed to a purchaser at a cost of £795 + VAT.

For the year ending 24th March 2018, New Look Retailers Limited (Co. No. 01618428) has reported the following figures:

Established in 1969, New Look is a leading fast fashion, multichannel retailer operating in the value-fashion segment of clothing and footwear market, predominantly in the UK, but also through franchise partners in countries spread across Europe, the Middle East and Asia. At the end of the financial year the company had 591 stores. For further information visit www.newlook.com.

On 21st March 2018 New Look announced the approval of a Company Voluntary Arrangement (CVA), which the company sees as a significant step towards delivery of their turnaround strategy, focused on returning the business to long-term profitability. In January 2019 the company agreed with key shareholders to reduce its debt by 80% with a £150m of capital raised by issuing new bonds which its executive chairman said “represents a critical step in our turnaround plans and lays the foundations to secure the future and long-term profitability of New Look by materially deleveraging our balance sheet and providing us with the financial flexibility to better attack our future”.

Note: The Supplemental Lease and deed of variation to the existing lease of the subject property are new contracts which the tenant entered into after the date of the CVA. Therefore, they replace the variations effected by the CVA and are not bound by its terms.

1. An opportunity to acquire a freehold retail investment;

2. The property occupies a prime retailing position in the heart of Wrexham town centre;

3. The rent has been significantly re-based from £375,000 per annum (£10.90psf) to £130,000 per annum (£3.78psf);

4. A purchase at the asking price will provide an investor with a highly attractive net initial yield;

5. Attractive lot size to an investor.

23.10.18