10/10A Station Road, Colwyn Bay, Clyyd, LL29 8BU
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- SIZE
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- SECTOR
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Key features
- High Yielding Retail Investment
- Let to William Hill on a Recently Renewed Lease
- 15 Year Lease Expiring 09.01.2038
- Index Linked Rent Reviews (CPI)
- Long Standing Occupier
- Approx 1,777 sq ft (165.1 sq m)
- Prominent Pitch on Pedestrianised Street
- VAT-Free Investment
- Investment Let at £15,000 p.a. (10.71% GIY on Guide Price)
Description
Arranged across ground and basement floors with a flat to the upper parts (sold off on a long leasehold basis), the property is let to William Hill Organization Limited on a recently renewed 15 year lease expiring 09.01.2038 and paying £15,000 per annum.
The tenant is a long standing occupier, and has displayed confidence in the location by their long term renewal. Furthermore the lease includes a CPI linked rent review in 2028 with a "cap and collar" of 2.5%-5% p.a. Therefore the minimum rent in 2028 will increase to £16,900 per annum.
The property occupies a prime pedestrianised pitch in the heart of Colwyn Bay, a popular coastal town and tourist destination. The street is characterised by a number of local and national retailers and hosts weekly markets.
10/10A Station Road, Colwyn Bay, Clyyd, LL29 8BU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colwyn Bay Station0.1 miles
- Llandudno Junction Station3.5 miles
- Glan Conwy Station3.5 miles
Notes
Disclaimer - Property reference 6619B115-4D67-423D-95D3-214AB1BE83E3. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Savills Auctions- Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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