4 Russell Road, 4 Russell Road , Rhyl, LL18 1TR | Property for sale | Savills
Guide price £15,000

4 Russell Road4 Russell Road , Rhyl, LL18 1TR

  • New
  • Sole agency
  • Freehold
Investment
Yield 26%Yield

Key features

  • High Yielding Retail Investment
  • Let to a Private Individual
  • Producing £4,000 per annum
  • Asset Management Potential
  • Adjacent Units Let for £12,000 per annum
  • Prominent Corner Position
  • Guide Price Reflects 26% Gross Yield

High Yielding Retail Investment Occupying a Prominent Frontage in a Popular Coastal Town Let to a Private Individual producing £4,000 per annum

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 and first floors, the property is let to a Private Individual (t/a Grade 1 Barbers) to the ground floor, with the first floor being vacant. The lease is currently producing £4,000 per annum and the tenant is holding over. Adjacent units on Russell Road are producing £5,000 per annum whilst 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.