8 Russell Road, Rhyl, LL18 1TR | Property for sale | Savills
Guide price £20,000(€23,680)

8 Russell RoadRhyl, LL18 1TR

  • New
  • Sole agency
  • Freehold
Investment

Key features

  • High yielding investment opportunity
  • Arranged over ground and first floors
  • Property is let to Sandbank Bakery Limited
  • The lease is currently producing £5,500 per annum
  • Asset management opportunity
  • Rhyl is a popular coastal resort town in North Wales
  • occupies a prominent pitch

High Yielding Retail Investment Occupying a Prominent Frontage in a Popular Coastal Town. Let to a Sandbank Bakery Limited producing £5,500 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 Sandbank Bakery Limited (t/a Craft Bakers) to the ground floor, with the first floor being vacant. The lease is currently producing £5,500 per annum and the tenant is holding over. Adjacent 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.