RETAIL INVESTMENT OPPORTUNITY
FOR SALE
RETAIL INVESTMENT OPPORTUNITY On the instructions of the Joint LPA Receivers
17-21 HIGH STREET, RHYL, LL18 1EN REDUCED ASKING PRICE - £325,000 \ Ground and first floors let to Bon Marché Ltd. \ Producing a gross annual income of £30,000. \ Prominent position within the primary retail area.
AVAILABLE SPACE 655.6m² (7,056sq ft)
LOCATION
RATEABLE VALUE
The property is situated on the western side of High Street, the main pedestrianised retail area of Rhyl town centre. To the north, High Street intersects West Parade, which is the main road running along the beach front. To the south High Street adjoins the main Rhyl Coast Road (A548).
Description / Shop and Premises
Rhyl lies approximately 4 miles west of Prestatyn and 15 miles east of Llandudno. The main A55 North Wales expressway is situated circa 5 miles to the south.
DESCRIPTION The property comprises a three storey, semi detached building of concrete and brick construction beneath a flat roof.
Rateable value / £52,000
VAT Prices and rental are exclusive of VAT if chargeable.
TERMS Offers are invited in the region of £325,000 for the freehold interest.
LEGAL COSTS
The ground and first floors are occupied by Bonmarché Ltd on a new 5 year reversionary lease from 25 March 2017 at an annual rent of £30,000 with a 6 month rent free period. The second floor is currently vacant and in need of refurbishment.
Each party to be responsible for their own legal costs incurred in the transaction.
Bonmarché is one of the U.K.’s largest value women’s fashion retailers, specialising in clothing for mature women. The group has over 30 years retailing experience and operates out of over 300 stores nationwide. For the financial year ending 28 March 2015 the company reported total annual revenues of £178.6m and a pre tax profit of 12.4m.
By prior arrangement with the agents:
Approximate NIA is as follows:UNIT Ground floor First Floor Second Floor Total
2
M 186.4 208.86 260.34 655.6
Total site area extends to circa 0.07 acres.
0161 831 1690
SQ FT 2,006 2,248 2,802 7,056
VIEWING Eddisons Tel / 0161 831 1696 Email / [email protected] REVISED JANUARY 2017 SUBJECT TO CONTRACT FILE REF / 704.2397A
RETAIL INVESTMENT OPPORTUNITY On the instructions of the Joint LPA Receivers
17-21 HIGH STREET, RHYL, LL18 1EN REDUCED ASKING PRICE - £325,000 \ Ground and first floors let to Bon Marché Ltd. \ Producing a gross annual income of £30,000. \ Prominent position within the primary retail area.
AVAILABLE SPACE 655.6m² (7,056sq ft)
LOCATION
RATEABLE VALUE
The property is situated on the western side of High Street, the main pedestrianised retail area of Rhyl town centre. To the north, High Street intersects West Parade, which is the main road running along the beach front. To the south High Street adjoins the main Rhyl Coast Road (A548).
Description / Shop and Premises
Rhyl lies approximately 4 miles west of Prestatyn and 15 miles east of Llandudno. The main A55 North Wales expressway is situated circa 5 miles to the south.
DESCRIPTION The property comprises a three storey, semi detached building of concrete and brick construction beneath a flat roof.
Rateable value / £52,000
VAT Prices and rental are exclusive of VAT if chargeable.
TERMS Offers are invited in the region of £325,000 for the freehold interest.
LEGAL COSTS
The ground and first floors are occupied by Bonmarché Ltd on a new 5 year reversionary lease from 25 March 2017 at an annual rent of £30,000 with a 6 month rent free period. The second floor is currently vacant and in need of refurbishment.
Each party to be responsible for their own legal costs incurred in the transaction.
Bonmarché is one of the U.K.’s largest value women’s fashion retailers, specialising in clothing for mature women. The group has over 30 years retailing experience and operates out of over 300 stores nationwide. For the financial year ending 28 March 2015 the company reported total annual revenues of £178.6m and a pre tax profit of 12.4m.
By prior arrangement with the agents:
Approximate NIA is as follows:UNIT Ground floor First Floor Second Floor Total
2
M 186.4 208.86 260.34 655.6
Total site area extends to circa 0.07 acres.
0161 831 1690
SQ FT 2,006 2,248 2,802 7,056
VIEWING Eddisons Tel / 0161 831 1696 Email / [email protected] REVISED JANUARY 2017 SUBJECT TO CONTRACT FILE REF / 704.2397A
