High Street Rhyl LL18 1TR
High Yielding Retail Investment High Street Investment Summary Rhyl, LL18 1TR • Let to the strong covenant of British Heart Foundation • Current Rental Income £45,000 per annum • Newly Fitted • Seeking offers in excess of £430,000, an attractive net initial • Prime Prominent Building in the Centre of Rhyl yield of 10%, assuming purchasers costs of 4.96%. High Yielding Retail Investment High Street Rhyl, LL18 1TR
High Yielding Retail Investment
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1 White Rose Shopping Centre 7 2 High Street 3 Matalan 4 Bus Station 5 Rhyl Railway Station 6 Morrisons 7 Drift Park Water Play Area 8 VUE Cinemas 9 Childrens Vilage Fairground 10 SeaQuarium Rhyl 11 Rhyl Events Area High Street Location Rhyl, LL18 1TR Rhyl is a popular seaside town and tourist centre and is the largest town in Denbighshire. It is situated on the North Wales coast some 40 miles north west of Wrexham, 34 miles west of Chester and 12 miles east of Colwyn Bay. The town has a population is 25,149 with some 76,150 living within 6 miles and 150,800 within 12 miles. The town has good communications with the A55 North Wales Expressway providing direct access to North West Wales, Chester and the national motorway network. There are regular direct train services to Holyhead (with links to Ireland), Chester, Manchester and London Euston. Rhyl is an established holiday destination and attracts some 3 High Yielding Retail Investment million visitors annually.
Rhyl is currently undergoing significand redevelopment and investment. Regeneration projects include the building of a 71 bed Travelodge and 70 bed Premier Inn, refurbishment of The Pavillion Theatre, the building of a £15m water park, the refurbishment of the Sky Tower and the construction of a Town Plaza to provide more public space and restaurants.
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e arad P Situation st d a 18 Ea o High Street R B51 sell us The property is situated in a prominent position on High Street, R Rhyl, LL18 1TR 8 4 5 A on one of the main arterial routes in the town, adjacent
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Str e e B t 511 Holland & Barrett. Retailing in Rhyl is focused around High High Yielding Retail Investment 9 ran e ge Ro rad ad Street and the White Rose Shopping Centre.Occupiers in the Pa t B5 s t 11 e e 9 W Rhyl e town include Wilkos, Poundland, JD Sports, Boots the Chemist 8 tr 1 S ad l o e B51 R m and Iceland. in A n 5 to 8 25 4 ng 5 Va i A le ell R W o 8 ad 1 1 5 B d
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e A 27 in 55 g n E High Street Description Rhyl, LL18 1TR The property provides a prominent unit arranged over ground and first floor, with a wide frontage onto High Street. The ground floor provides a large regular shaped retail area with a staircase at the rear leading to storage and ancillary facilities on the first floor.
There is good servicing at the rear of the unit from Clwyd Street. Together with a loading area to the streeet at the front of the property. High Yielding Retail Investment Accommodation
The property is arranged over ground and first floors having the following approximate floor areas:-
Ground Floor 5,584 sq ft 518.75 sq m
First Floor 2,762 sq ft 256.6 sq m High Street Further Information Rhyl, LL18 1TR Tenancy Proposal
The property is let to the British Heart Foundation We are instructed to seek offers in excess of for a term of 10 years from 24th May 2017 on £430,000 (Four Hundred and Thirty Thousand High Yielding Retail Investment effective full repairing and insuring terms at a Pounds) subject to contract and exclusive of VAT. rent of £45,000 per annum. There is a tenant only A purchase at this level will show an attractive break at the end of the 5th year. Net Initial Yield of 10% after allowing for purchasers costs of 4.96%. Tenure Contact The property is held freehold. If you require any further information or wish to Covenant arrange a viewing of the property, please contact: British Heart Foundation is the single biggest funder of cardiovascular research in the UK. Llyr Emanuel The company is a registered charity and has 0151 236 6725 737 shops in the UK staffed by over 22,500 [email protected] volunteers. The company raised £124.7 million or in 2016 and has total net funds of £46.2 million. Peter Rowe 0161 711 0833 VAT [email protected]
The property is registered for VAT.
Rateable Value
The Property has a Rateable Value of £48,000.
EPC
An EPC report is available on request
Misrepresentation Act 1967. Unfair Contract Terms Act 1977 The Property Misdescriptions Act 1991. These particulars are issued without any responsibility on the part of the agent and are not to be construed as containing any representation or fact upon which any person is entitled to rely. Neither the agent nor any person in their employ has any authority to make or give any representation or warranty whatsoever in relation to the property. September 2017. RB&Co 0161 833 0555. www.richardbarber.co.uk