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Retail & Consumer

Prominent Llandudno retail unit snapped up after auction

The retail site on Mostyn Street in the resort was bought after bidding ended this week

Prominent Mostyn Street unit in Llandudno sold after auction. Picture from Allsop(Image: Allsop)

A prominent unit in the centre of Llandudno has been snapped up after auction.

The retail site next to Marks and Spencer - which was recently occupied by the Sense charity - went up for auction with Allsop this week.

It was on for a guide price of offers over £400,000.

The site failed to reach its reserve price at the auction at The Berkeley, Knightsbridge in London.

But Allsop revealed it was sold after the auction. The price has not been confirmed.

Prominent Mostyn Street unit in Llandudno sold after auction. Picture from Allsop(Image: Allsop)

The site had been occupied by the Royal Bank of Scotland (RBS) but they closed the branch in 2018.

It was empty until last autumn when charity Sense took on the lease as part of an investment by developer Rob Lloyd, who plans to open 20 stores in Wales.

They signed a 15 year lease on the property which is opposite the Victoria Centre. The current rent is £38,000 per annum.