66, 66A High street and 1A Wellington Road, Rhyl, LL18 1UB, 66, 66A High street and 1A Wellington Road, Rhyl, LL18 1UB

Guide price

£500,000

Size

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Tenure

Freehold

EPC

Parking

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Primary use
Mixed use

No floor / site plan

Key features

  • High Yielding Mixed use Investment
  • Comprises 3 x Retail units and 4 x Flats
  • Occupies a prominent corner position
  • Vacant retail unit (formerly let at £14,000 pa)
  • Asset Management Potential via letting of vacant retail unit
  • Let at £56,080 per annum (11.22% GIY) on guide price + one vacant retail unit.

Description

The property comprises a mixed-use retail and residential investment opportunity, occupying a prominent position on the principal retail thoroughfare in the coastal resort town of Rhyl, North Wales.

Arranged over ground and upper floors, the property comprises three retail units and four self-contained flats. The retail accommodation includes 66 High Street, let to a Barber Shop at £850 per month (£10,200 per annum) with a lease expiry in August 2027, and 66A High Street, let to a Newsagent at £700 per month (£8,400 per annum), with the business having traded from the premises for approximately 20 years and a lease expiring in July 2028. The third retail unit at 1A Wellington Road, previously let at £14,000 per annum, is currently vacant, providing immediate asset management potential.The residential element comprises four flats, all let on periodic tenancies.

The accommodation includes two one-bedroom flats each producing £700 per month, a two-bedroom flat generating £900 per month, and a three-bedroom flat producing £190 per week.The total current income is £56,080 per annum, reflecting an initial yield of 11.22% based on the guide price, with reversionary potential through letting the vacant retail unit and regularising the existing tenancies.

Rhyl is a coastal town in North Wales, and the property benefits from a central position with frontage to High Street and Wellington Road, close to a range of national and local occupiers.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

66, 66A High street and 1A Wellington Road, Rhyl, LL18 1UB, 66, 66A High street and 1A Wellington Road, Rhyl, LL18 1UB

NEAREST STATIONS

National Rail

Rhyl Station

0.14 miles

National Rail

Prestatyn Station

3.59 miles

National Rail

Abergele & Pensarn Station

4.25 miles

About Savills National , City Offices

Savills National , City Offices

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Disclaimer - Property reference 21C258E8-18AE-48F1-8810-7E722079493A. 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 National , City Offices. 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.