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 5 2 5 A 3 4 11 1 2 5 6 10 9 8 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. 23 A58 CHORLEY 1 M6 M61 22 Huddersfield A666 M66 ROCHDALE M62 A629 BURY A58 21 27 Horwich 2 BOLTON 20 3 Ormskirk 6 A58 19 5 M61 4 M58 3 4 19 OLDHAM 5 26 3 17 20 16 1 21 15 22 1 A627 14 A629 25 7 A580 SALFORD M6 12 24 1 2 3 A6010 23 A628 6 A580 11 M57 23 4 10 M67 Bootle 24 3 St Helens M62 MANCHESTER Wallasey 3 M60 102 22 11 25 A5058 10 6 A34 M62 21A 26 1 9 A56 5 27 5 8 6 7 A553 1 4 2 2 21 3 2 1 3 Birkenhead LIVERPOOL A5300 A557 Warrington 4 3 A562 5 A56 20 8 M56 A6 A41 7 6 Manchester Prestatyn Widnes 9 Airport 4 Liverpool Llandudno River Mersey John Lennon A533 10 A525 Airport 11 A34 A523 A547 M53 A557 12 19 A55 RHYL A540 5 6 7 M6 Colwyn Bay 8 A533 A623 9 Ellesmere A537 Rhuddlan A533 A556 A55 A55 Port M56 10 14 A537 A548 A548 Llanfairfechan St. Asaph A49 A525 11 A541 15 NORTHWICH A537 A6 A473 A41 A548 A5119 A556 A34 Flint A54 A5117 12 Denbigh 18 A544 A494 A51 A54 A49 A513 CHESTER A523 A53 A55 CONGLETON Llanrwst 17 Ruthin A494 A50 A470 A41 A34 A51 A530 A5 A534 A483 M6 A527 A541 CREWE A470 A534 A534 A5 A494 WREXHAM A53 A500 16 Nantwich A500 A41 A49 A520 A525 A5 A51 A34 Stoke on-Trent Corwen A5 A525 Llangollen A528 A525 15 A50 A51 A34 A520 A53 A519 Stone A5013 A518 High Street Rhyl, LL18 1TR High Yielding Retail Investment A5 48 B5118 West Parade B5118 West Parade B5118 Ea Q st Parade ue Rhyl en S B5 tr 11 e 8 e W t el ling ton Ro ad Road 8 Russell A54 B5118 Wellington Road W a r r e n R A548 Kinmel Street o a d A 5 e 2 uar Sq 5 Pinewood B V 5 a 1 1 l Marsh Road e 9 R G o ra a n d g e Situation R o a d The property is situated in a prominent position on High Street, on one of the main arterial routes in the town, adjacent to Lloyds Pharmacy and diretctly opposite Barclays Bank. Nearby occupiers include Heron Foods, Poundstretcher and A548 T Holland & Barrett. Retailing in Rhyl is focused around High owyn R Towyn oad B 5 Street and the White Rose Shopping Centre.Occupiers in the A548 1 1 B511 town9 include Wilkos, Poundland, JD Sports, Boots the Chemist 8 West Parade A 5 S t n i a 2 and Iceland. A548 Foryd Road 5 V A a d s a l a e o p A R A 54 s h R 7 ro o G Cefn a v d R B Rhyl Golf Club F y Roa e Rhyl d h f d u 5 o n 1 d A A r d u 19 5 d A 48 e 5 la d d 5 a n 2 R o h D R 5 R 5 yl n o C e y r o r ff a as w dy S d t R e n e a n oad P in t G e A o ill 54 r H 8 ge e s ’ o F f s mr o R ri o P r P d a d e n B r Prestatyn h 5 a S A w 5 1 1 4 y n i 7 9 l f t R a h s A u d a d h p l A a b n F R for e o dis r a a g d e 5 2 le A5 R o a d A Glan Clwyd 5 47 7 A5 4 5 Hospital 5 A A St Melyd ad 5 Golf Club o A 4 n R A Rhuddlan Rhuddlan 7 la 5 Golf Club d 5 d S 2 u 1 a h r 5 R n 5 L a a S ne 1 ll Bodelwyddan i i n H e t n i B g A n 5 E s 1 a 1 h p A5 9 151 R Hi o gh Stree a t d A B 5 151 d N 5 e a w 4 o Ma 2 R rk 9 h et ap St As re et int A Sa 5 5 J27 B A 5 5 4 5 2 9 A5 5 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.