87-89 High Street, 87-89 High Street, Rhyl | Property for sale | Savills
Guide price £55,000

87-89 High Street87-89 High Street, Rhyl

  • New
  • Sole agency
  • Freehold
Investment
Yield 23%Yield

Key features

  • High Yielding Retail Investment
  • Let to a Private Individual
  • Producing £12,500 per annum
  • Vacant Second Floor
  • Prominent Corner Position
  • Guide Price Reflects 22.7% Gross Yield

High Yielding Retail/restaurant Investment Occupying a Prominent Frontage Let to a Private Individual producing £12,500 per annum with the Second Floor Vacant

About this property

  • The property comprises a high yielding investment opportunity benefitting from a prominent frontage in a popular Welsh resort town. Arranged over ground, first and second floors, the property is let to a Private Individual (t/a Silver's Cafe) to the ground and first floors, with the second floor being vacant. The lease is currently producing £12,500 per annum with the tenant holding over since 01/01/2023. 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.