Four Investment Properties in North Wales For Sale

LL18 1PT Rhyl


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INVESTMENT PROPERTIES
Hilton Smythe is delighted to offer to the market these investment properties, there are four properties in total, three of which are in Rhyl, Denbighshire and one in Prestatyn, Denbighshire. The first property is 28 Queen Street, Rhyl, which is a ground floor, self-contained A3 unit, currently let on a 10 year lease to a fish and chip shop trading as `The Godfather`, above is two self-contained flats comprising of 2 x bedrooms, living room, family bathroom and kitchen, both of which provide a weekly income of £430 per week. Property two is 44-46 Queen Street with a ground floor retail unit currently let as a nail bar on a 10 year lease, above is 2 x one bedroom flat lets with kitchen, family bathroom and living room, providing an income of £330 per week. Property three is 26 River Street and is situated in a residential area amongst guest houses. The house of multiple occupancy with short term tenants is comprised of 3 x one bedroom bed sits and 3 x flat lets with bedroom, bathroom and kitchen/living areas, all of which provide a weekly income of £400 per week.

LOCATION 1
Rhyl: These three investment properties all occupy substantial premises and are ideally located in prominent positions in Rhyl, North Wales. All the premises are situated on busy roads that lead to the main beach front B5118 road. Two of the properties are on Queen Street and the other is on River Street, all three properties are surrounded by complimentary shops and businesses and benefit from a vast amount of footfall and passing trade. Rhyl is a busy seaside town on the north east coast of Wales and is extremely popular with tourists from all over Wales and the North West of England. The area is well served by the A road network with the A55 being approximately 4 miles away, which links to the vast A road network, as well as the motorway network. Rhyl Train Station is within walking distance from all three properties. Prestatyn is approximately 4.5 miles away, while Colwyn Bay is 11 miles away.
LOCATION 2
Prestatyn: This investment property occupies a substantial detached property, which is currently split into two ground floor retail trading units on the very busy High Street, Prestatyn. The property benefits from a high volume of footfall and much passing trade. There is on street parking directly outside the property. Prestatyn is a popular destination for visitors and is known as the gateway to the North Wales coastal resorts. Prestatyn is famous for its sandy beaches and coastline with rolling dunes, and offers many recreational activities for all ages, making it an excellent place in which to live and work. As with Rhyl, the area is well served by the A road network, with the A55 being approximately 6 miles away and the train station is within walking distance.
INVESTMENT PROPERTY
Property four is 204 - 208 High Street, Prestatyn which is a large detached property split into two retail trading units on the ground floor, one of which is let out to a hot food takeaway business, the other is currently empty, although we are advised it does have A3 consent. To the first and second floor of the property is a self contained six bedroom flat with kitchen, family bathroom and two reception rooms. We are advised the current tenant is protected and generates a weekly income. The overall potential income for this property is circa £400-£500 per week.
TENURE
We are advised all properties are Freehold
FINANCIAL PROFILE
The overall potential income from this portfolio of properties is in the region of £80,000 per annum.




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business information

Sale price: £700,000
Tenure : Freehold
Status: Available
Sectors:
Investment Properties
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