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The property comprises a high yielding mixed use investment fully let to three separate tenants.
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 combined £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.
Tenure
Freehold
Accommodation
107 Grange Road - Approx. 495 sq ft (46 sq m)
111 Grange Road - Approx. 366 sq ft (34 sq m)
109 Grange Road - Approx. 861 sq ft (80 sq m)
Total GIA - Approx 1,722 sq ft (159.9 sq m)
Tenancy
107 Grange Road let to a hairdressing salon for 5 years from XX/XX/2025 for £4,300 p.a.
111 Grange Road - Used for sports therapy rolling over on a 3 year lease from 01/04/2016 for £4,000 p.a.
109 Grange Road 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 pcm.
Rent