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10 Station Rd 1,781 SF Retail Building Colwyn Bay LL29 8BU $186,259 ($104.58/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 is one of the world’s leading betting and gaming companies. Its origins are in the UK where it was founded in 1934, and where the company is listed on the London Stock Exchange. With headquarters in London and Leeds it has a national presence of licensed betting offices in Great Britain and Northern Ireland and is one of the country’s leading online betting and gaming services. In 2012, it established William Hill US with a focus on retail and mobile operations in Nevada, which is now the largest sports betting business in the USA. William Hill US (www.williamhill.us) currently operates 113 race and sports books in Nevada and the state’s leading mobile sports betting app.
| 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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