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Lot 11 Click here for addendum

Freehold Commercial Investment
Gross Yield 11.1%
6 Week Completion

Situation

Located in this town centre position nearby William Hill, HSBC and KFC and close to the junction with the High Street which houses a host of multiple traders such as Barclays, Poundland, Greggs and Holland & Barrett.
Rhyl is a popular tourist destination located on the coast of North Wales lying 30 miles west of Chester and 16 miles east of Llandudno having good road links to the A55 (Junction 24) and the M53.

Property

A mid terrace building comprising a Ground Floor Shop with internal and separate front access to Ancillary Accommodation on the first and second floors. In addition, there is a small rear yard.

Accommodation

Ground Floor Shop
Gross Frontage 21'0”
Internal Width 18'8”
Shop & Built Depth 35'7”
Area Approx. 557 sq ft
Mezzanine Kitchen Area Approx. 77 sq ft plus WC
First Floor 3 Rooms Area Approx. 376 sq ft
Mezzanine Area Approx. 111 sq ft
Second Floor 3 Rooms Area Approx. 364 sq ft

Total Area Approx. 1,485 sq ft

VAT is NOT applicable to this Lot

FREEHOLD

Tenancy

The entire property is let on a full repairing and insuring lease to S. Dyche as a Beauty Salon for a term of 15 years from 28th January 2020 at a current rent of £10,000 per annum exclusive.

Rent Reviews 2025 and 2030

Tenant's Breaks 2024 and 2030

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

8 Wellington Road, Rhyl, Denbighshire LL18 1BG