Mixed use property for sale
107-111 Grange Road, Rhyl
Business rates & charges may apply
- SIZE
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- SECTOR
Mixed use property for sale
Key features
- High Yielding Retail Investment
- Two Retail Units and Upper parts
- One unit let to a hairdressing salon for 5 years for £4,300 p.a.
- One unit used for sports therapy on 3 year lease from 01/04/2016 at £4,000 p.a.
- Upper Parts Let on AST Tenancy created October 2016 at a rent of £450 pcm.
- Total GIA - Approx 1,722 sq ft (159.9 sq m)
- Investment let at £13,700 p.a. (22.83% GIY on Guide Price)
Description
Arranged as two ground floor retail units with a residential flat to the upper parts, the property is fully let to three tenants producing a compbined £13,700 per annum.
107 Grange Road let to a hairdressing salon on a 5 year lease commencing 2025 for £4,300 per annum.
111 Grange Road is let to a physiotherapist on a lease which expired 31.03.2019 producing £4,000 per annum. The tenant is continuing to pay rent and is therefore holding over, offering asset management potential via renewal and improvement of rent.
109 Grange Road is let on an AST to the same tenant producing £5,400 per annum (£450 pcm).
The property occupies a prominent pitch fronting Grange Road, an arterial route within Rhyl. The property forms part of the principal local amenity for the surrounding residential area and is characterised by a number of local businesses and similar mixed uses.
Brochures
107-111 Grange Road, Rhyl
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Rhyl Station0.7 miles
- Prestatyn Station3.0 miles
- Abergele & Pensarn Station4.9 miles
Notes
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