85 High Street, 85 High Street, Rhyl | Property for sale | Savills
Guide price £20,000($41,406)

85 High Street85 High Street, Rhyl

  • New
  • Sole agency
  • Freehold
Investment
Yield 25%Yield

Key features

  • High Yielding Retail Investment
  • Let to a Private Individual
  • Producing £5,000 per annum
  • Vacant Second Floor
  • Asset Management Potential
  • Adjacent Units Let for £12,000 per annum
  • Prominent Corner Position
  • Guide Price Reflects 25% Gross Yield

High Yielding Retail Investment Occupying a Prominent Frontage in a Popular Coastal Town Let - Producing £5,000 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 Rhyl Barber Shop) to the ground and first floors, with the second floor being vacant. The lease is currently producing £5,000 per annum for a term of three years expiring 31/07/2025. The property offers evident asset management potential with the adjacent 83 High Street producing £12,000 per annum and 87-89 High Street producing £12,500 per annum. 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.