Your Bid
Guide price TBA
Hammer price

Withdrawn

Withdrawn Prior

Sold Prior

Sold Prior

Sold

Sold Post

Place a proxy bid on Lot #{{ lot.total_lot_number }}

Guide Price:

TBA
Bid now

Floorplan
    • View Virtual Tour

      Play

    Remove from wishlist

    Add to wishlist

    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
    • VAT is applicable
    • Investment 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

    Tenure

    Freehold

    Accommodation

    Please refer to tenancy schedule

    Tenancy

    Please refer to tenancy schedule

    Rent

    £56,080
      • View Virtual Tour

        Play

      Arrange a viewing

      Please arrive promptly for your viewing. To view properties you have booked a viewing for, visit the My Viewing section of your account.

      Please select a time from the options below

      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Accommodation / Tenancy Schedule

      Local information

      Legal documents

      Login to view legal documents

      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums