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Co-operative Foodstore Ffordd Penrhwylfa

3,498 SF Retail Building Prestatyn LL19 8BP £870,000 (£249/SF) 8.02% Net Initial Yield

Storefront Properties Clwyd Prestatyn Ffordd Penrhwylfa, Prestatyn, LL19 8BP

INVESTMENT HIGHLIGHTS

  • The popular resort town of Prestatyn is located on the North Wales coast 4 miles east of Rhyl, 15 miles east of Colwyn Bay
  • Occupiers close by include The Jolly Sailor public house (adjacent) and One Stop in an otherwise residential area
  • Road communications are provided by the A548 Coast Road and the A55 Expressway, which lies 5 miles to the south

EXECUTIVE SUMMARY

Freehold Convenience Store Investment, Guide Price* £875,000.
Entirely let to Co-operative Group Food Limited on lease expiring October 2030 (No Breaks), RPI Linked Rent Reviews every fifth year (1-4% p.a. Compounded Collar & Cap). The Convenience Store comprising approx. 325 sq m (3,498 sq ft)which is located within a residential area.

ATTACHMENTS

Commercial - 24th September 2024 - Lot 28 - Co-operative Foodstore, Ffordd Penrhwylfa, Prestatyn, Clwyd, LL19 8BP

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
3,498 SF
Building Class
B
Year Built
2015
Price
£870,000
Price Per SF
£249
Net Initial Yield
8.02%
NOI
£69,738
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Lot Size
0.71 AC
Parking
20 Spaces (5.72 Spaces per 1,000 SF Leased)
Frontage
50 ft on Ffordd Penrhwylfa

LINKS

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NEARBY MAJOR RETAILERS

The Co-operative Food
Lidl
SPAR
Iceland
Lounges
Barclays
Costa Coffee
Tesco Superstore
Londis
+44 20 7543 6890

CONTACTS

  • Listing ID: 33165841

  • Date on Market: 13/09/2024

  • Last Updated:

  • Address: Ffordd Penrhwylfa, Prestatyn LL19 8BP

The Retail Property at Ffordd Penrhwylfa, Prestatyn, LL19 8BP is currently available for sale. Contact Allsop for more information.

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Co-operative Foodstore | Ffordd Penrhwylfa
+44 20 7543 6890 x

Co-operative Foodstore | Ffordd Penrhwylfa

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Doug Guild

+44 20 7543 6890

+44 20 7543 6890

Charlie Harrocks

+44 7795 374526

+44 7795 374526

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