4 bedroom property for sale

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4 bedroom property for sale

Wellington Road, Rhyl, Denbighshire LL18
£300,000

Our Summary

  • This represents a potential yield of 7% on gross income with potential to further improve the investment yield

Description

This investment property consists of two retail units and two self-contained apartments, with a total gross annual income of approximately £20,500. The property presents a potential yield of 7% on gross income, with potential to further improve the investment yield. The retail units are currently let for £420 and £330 per month, while the apartments are let for £480 per month to long-serving tenants. The property benefits from individual electric meters and is located in a prime position with strong roadside presence. The communal yard provides additional storage and bin housing space. Strictly by appointment only with a representative of Prys Jones Commercial.
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