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Heron Foods, 84-88 High Street High Street, Rhyl, LL18 1UB

3,212 sq ft
Heron Foods, 84-88 High Street, Rhyl - Picture 2021-04-08-12-39-18
Use Class

Use Class

E

Size

Size

3,212 sq ft

Rent pa

Rent pa

POA

Price

Price

£175,000

Foodstore Investment for Sale

The premises comprise a single storey building which was previously 2 self-contained retail units, of traditional brick construction beneath a flat felted roof and an adjoining 2 storey brick built building under a pitched slate roof to the rear. The Property benefits from rear servicing off Kinmel Street.

Internally the premises provide ground floor retail space with ancillary space to the rear. Please note access to the first floor has been removed.

  • Located in Rhyl, a popular North Wales Tourist resort

  • Situated fronting High Street, an established retail pitch adjacent to the Job Centre, Reeds Rains Estate Agent in close proximity to the local bus centre

  • Let to Heron Frozen Foods Limited (D&B 5A 2)

  • New lease for a term of 5 years from Jan 2021 with a Tenant's option to break at Year 3

  • Providing a NIA of 6,233 sq ft (579.06 sqm)

  • VAT elected and providing certain criteria are met the sale may be treated as a TOGC

  • Re-based rent £17,500 pa (previous rent £57,500)

  • Offers in excess of £175,000 (subject to contract & exclusive of VAT)

  • Net initial yield 9.80% after purchaser's costs at 2.09%

The coastal town of Rhyl is located in North Wales, approximately 32 miles west of Chester and 30 miles east of Bangor. The town benefits from excellent communications with the A5 North Wales Expressway, being only 4 miles to the South, which provides access to North Wales as well linking with the national motorway network by the M53 and M56 at Chester. Rhyl has a railway station lying on the main west coast line, which connects Holyhead with London Euston. The town has a resident population of approximately 25,149 persons although this increases dramatically during the summer months as Rhyl is a popular tourist destination with a variety of caravan and camping sites situated along the sea front and inland.

Misrepresentation Notice

All the above information and descriptions (whether in the text, plans or photographs) are given in good faith but should not be relied upon as being a statement of representation or fact. Any areas, measurements or distances referred to are approximate only.

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This was last updated on 28/06/2021