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10 Station Rd 1,781 SF Retail Building Colwyn Bay LL29 8BU $258,047 CAD ($144.89 CAD/SF)
INVESTMENT HIGHLIGHTS
- High Yielding Retail Investment
- 15 Year Lease Expiring 09.01.2038
- Long Standing Occupier
- Prominent Pitch on Pedestrianised Street
- Investment Let at £15,000 p.a. (10.71% GIY on Guide Price)
- Let to William Hill on a Recently Renewed Lease
- Index Linked Rent Reviews (CPI)
- Approx 1,777 sq ft (165.1 sq m)
- VAT-Free Investment
EXECUTIVE SUMMARY
The property comprises a high yielding retail investment opportunity let to William Hill and occupying a prime pedestrianised pitch. Arranged across ground and basement floors with a flat to the upper parts (sold off on a long leasehold basis), the property is let to William Hill Organization Limited on a recently renewed 15 year lease expiring 09.01.2038 and paying £15,000 per annum. The tenant is a long standing occupier, and has displayed confidence in the location by their long term renewal. Furthermore the lease includes a CPI linked rent review in 2028 with a "cap and collar" of 2.5%-5% p.a. Therefore the minimum rent in 2028 will increase to £16,900 per annum. The property occupies a prime pedestrianised pitch in the heart of Colwyn Bay, a popular coastal town and tourist destination. The street is characterised by a number of local and national retailers and hosts weekly markets.
PROPERTY FACTS Under Contract
AMENITIES
- 24 Hour Access
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- -
- 1,781 SF
- -
- Jan 2038
William Hill PLC est l'une des plus grandes sociétés de paris et de jeux au monde. Elle est née au Royaume-Uni, où elle a été fondée en 1934 et où la société est cotée à la Bourse de Londres. Avec son siège social à Londres et à Leeds, elle a une présence nationale de bureaux de paris agréés en Grande-Bretagne et en Irlande du Nord et est l'un des principaux services de paris et de jeux en ligne au pays. En 2012, elle a créé William Hill US en mettant l'accent sur les opérations de vente au détail et mobiles au Nevada, qui est maintenant la plus grande entreprise de paris sportifs aux États-Unis. William Hill US (www.williamhill.us) exploite actuellement 113 livres de courses et de sports au Nevada et la principale application mobile de paris sportifs de l'État.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
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- | 1,781 SF | - | Jan 2038 |
NEARBY MAJOR RETAILERS
Presented by
10 Station Rd
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