For sale
- Entire Building - Two Shops and Three Flats
- Potential Gross Income of £2,215 PCM
- Popular Mixed Shop and Residential Area
- 200 Yards from Rhyl Sea Front
- Viewings By Appointment Only
Prime mixed-use property in Rhyl, featuring two shops, three flats, tenanted with potential monthly income of £2,215.00. Freehold.
Investment Opportunity: Prime Location Mixed-Use Property in Rhyl.
An exceptional investment opportunity nestled just 200 yards from the picturesque Rhyl seafront. Presenting an end-terraced gem on Wellington Road, this property boasts a dynamic blend of commercial and residential spaces, promising lucrative returns and endless potential.
Property Highlights:
Prime Location: Strategically positioned along Wellington Road, a bustling mixed shop/residential area, offering unparalleled convenience and foot traffic.
Versatile Layout: This double shop-fronted building spans three floors, comprising two thriving shops and three spacious flats, accessible via a convenient side entry.
Income Generating: Currently, both shops are tenanted, alongside two flats, ensuring immediate revenue streams. The third flat, primed for refurbishment, presents a lucrative opportunity to capitalize on the high demand for rental properties in the area.
Tenancy Information: Detailed rental breakdown:
Shop 1 Rent: £325 PCM
Shop 2 Rent: £430 PCM
Flat 1 Rent: £495 PCM
Flat 2 Rent: £390 PCM
Flat 3 (Vacant): Potential rental income of £575 PCM after refurbishment.
Potential Gross Monthly Income: £2,215.00 PCM.
Tenure: Freehold, offering long-term stability and flexibility for future development or resale.
Rateable Value: Current rateable value stands at £4,450 as of April 1, 2023, sourced by VOA.
Disclaimer: Prospective purchasers are advised to conduct due diligence regarding fixtures, fittings, and legal obligations. While every effort has been made to provide accurate information, all details are subject to verification. This advertisement serves as a general guide, and interested parties are encouraged to inspect the property firsthand to confirm its suitability.
Seize this remarkable opportunity to add a lucrative asset to your investment portfolio. Contact us today to arrange a viewing and unlock the full potential of this prime property.
