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High Yielding Retail Investment
Let to Sandbank Bakery Limited
Producing £5,500 per annum
Asset Management Potential
Nearby Units Let for £12,000 per annum
Prominent Corner Position
Guide Price Reflects 27.5% Gross Yield
The property comprises a high yielding investment opportunity benefitting from a prominent frontage in a popular Welsh resort town.
Arranged over ground and first floors, the property is let to Sandbank Bakery Limited (t/a Craft Bakers) to the ground floor, with the first floor being vacant.
The lease is currently producing £5,500 per annum and the tenant is holding over. Adjacent units on the High Street are producing £12,000 per annum, we therefore consider the property presents an asset management opportunity.
Rhyl is a popular coastal resort town in North Wales, the property occupies a prominent pitch near the junction of the High Street and Russell Street. The property sits at the edge of the pedestrianised pitch with local occupiers including Greggs, Betfred and Santander.
Tenure
Freehold
Rent