For Sale

Wellington Road, Rhyl, Denbighshire, LL18

£300,000
  • Ref: 5110
  • Availability: For Sale
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Property Features

  • Two retail units
  • Two self contained apartments
  • Excellent road side presence
  • Potential Yield of 7%
  • Approximate gross income of £20,500

Property Summary

A superb opportunity to acquire the freehold title of this investment property consisting two retail units and two self contained apartments. As investments the property produces a gross annual income of approximately £20,500.

Full Details

Tenrue
Freehold

Property
A superb opportunity to acquire the freehold title of this investment property consisting two retail units and two self contained apartments. As investments the property produces a gross annual income of approximately £20,500.

This represents a potential yield of 7% on gross income with potential to further improve the investment yield.

All units and flats are on an individual electric meter and services.

Unit 1 - Barbershop
26.93 MSQ / 289.87 SQFT - A large open plan barbershop with a toilet facility currently LET for £420 PCM. Occupying a corner plot with strong roadside presence.

EPC RATING - 84 = D

Unit 2 - Massage Therapy
37.9 MSQ / 407.9 SQFT - A well proportioned retail unit currently split into two treatment rooms, a reception area and a storage cupboard & WC room, currently LET for £330 PCM. This unit also has a strong roadside presence.

Flats
The self-contained flats each comprise a spacious lounge, a modern kitchen/ breakfast room, a modern shower/bathroom and two well proportioned bedrooms. Each flat benefits from gas central heating and are believed to be connected to mains services. Both flats are currently LET to long serving tenants and are currently LET for £480.00 PCM.

Communal Yard
To the side of the establishment is a large courtyard ideal for storage and bin housing.

Viewings and Notice
Strictly by appointment only with a representative of Prys Jones Commercial.

Prys Jones Commercial has not tested any fixtures and fittings and cannot therefore guarantee they are in working order.

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