New purpose built Freehold, Blue-Chip Convenience Store Investment.
The property is arranged on ground floor only to provide a modern purpose built convenience store.
The site extends approximately 3500 sq ft and externally, the property enjoys 20 car parking spaces.
Location Description
The popular resort town of Prestatyn is located on the North Wales coast of 4 miles east of Rhyl, 15 miles east of Colwyn Bay and 20 miles west of Chester.
Road communications are provided by the A548 Coast Road and the A55 Expressway, which lies 5 miles to the south.
The property is situated within a densley populated residential area at the junction of Ffordd Penrhwylfa and Ffordd Pantycelyn, a main thoroughfare from the village of Meliden of Prestatyn and Ffrith.
The Jolly Sailor public house is adjacent to the property.
Additional Notes
This newly constructed property is at present let to Co-operative Group Food Limited for a term of 15 years from 26 October 2015 at a current rent of £53,400 p.a. with no break clauses.
The lease provides for RPI Index linked reviews (subject to a collar and cap of 1% and 4%) every fifth year of the term and contains full repairing and insuring covenants.