Co-Op, Prestatyn, North Wales

 

Ffordd Penrhwylfa, Clwyd, Prestatyn, LL19 8BP

Offers in excess of
N/A
Sold
Type - Commercial
Tenant type - Supermarket
  • Tenure: Freehold
  • Gross Rent: £53,400
  • Lease Term: 15 years from 26 Oct '15
  • VAT applicable?: Y

Property Description

  • 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.

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