Grange Road, Rhyl, Denbighshire, LL18

A freehold investment opportunity, providing a mixed-use property currently two ground floor retail units together with a first-floor residential apartment.
107 Grange Road is currently let on a 5-year lease (from 2025, lease to follow in legal pack) as a hairdressing salon at a current rent of £4,300 per annum, with 111 Grange Road likewise let at a current rent of £4,000 per annum. The upper floor being 109 Grange Road is occupied on a periodic converted contract to the same occupier from an original Assured Shorthold Tenancy created October 2016 at a current rent of £450 per month (leases to be included within the pack)
In order to provide correct and accurate information to allow purchasers to make a transactional decision, with the property being sold on an investment basis we have not been able to gain access to all parts of the property prior to marketing and have had to rely on historical information and other documents to provide limited further information. Buyers must therefore conduct their own research and investigations before committing to any transactional decision.
We are advised from the EPC for 107 Grange Road that the unit extends to approximately 46 square meters and 111 Grange Road extends to approximately 34 square meters. The flat to the upper floor is known as 109 Grange Road and an inventory from October 2016 advises the property comprises an entrance hallway, lounge, kitchen, 2 bedrooms and a bathroom.
The total rental value of the building is £13,700 per annum showing a gross yield of 13.7% on the guide price which we believe shows a great investment return.