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Mixed use for sale
Water Street -, Rhyl
£80,000
Water Street -, Rhyl
£80,000
Our Summary
- TO BE SOLD BY ONLINE AUCTION ON 4TH DECEMBER 2024 UNLESS SOLD PRIOR UNDER AUCTION TERMS
- The ground floor is currently a blank canvas, offering great potential to transform, It could be converted into an additional aparthotel unit or repurposed for a variety of commercial uses, depending on your vision
- This property is an outstanding investment opportunity, ideal for maximizing rental income or establishing a vibrant mixed-use commercial and residential hub
Description
This four-story commercial property in Rhyl, Wales, offers a unique opportunity to transform a blank canvas ground floor into a thriving business or aparthotel, while also generating significant income from the upper three floors, which currently operate as aparthotels through Booking.com. The property features a one-bedroom flat on the first floor and two two-bedroom flats on the second and third floors, providing comfortable living spaces suitable for short- or long-term rental. With a reported annual income of £25,000, this property is an outstanding investment opportunity, ideal for maximizing rental income or establishing a vibrant mixed-use commercial and residential hub. The property is situated close to Rhyl's seafront, promenade, and marina, as well as the retail park and main town centre.