Viewing strictly by appointment via JO Real Estate Ltd 015131927424 / Peter Large Estate Agents 01745 334411
Date - 14/11/2023
Full property description
The industrial estate known as Douglas Estates accessed off Ffordd Las, which in turn connects to Cefndy Road connecting to the A525 main arterial route from Rhyl towards Denbigh / Ruthin. The industrial estate has good access links and is located within a well-established industrial area with a number of commercial occupiers in close proximity, including W R Davies Ford Dealership, NWE Paints decorating centre, Just Kitchens & Bedrooms, Screwfix, Howdens, Rhyl Test Centre.
Rhyl is a coastal town within Denbighshire in North Wales with an approximate population of 25,000.Rhyl has several important public facilities including three secondary schools, a college, two theatres, a library, a primary health care centre and hospital, harbour and community fire station. Rhyl Golf Club is North Wales Oldest Golf Club and a Founder Member of the Golf Union of Wales.
The site comprises of various industrial units with dual access off Ffordd Las, all self-contained providing roller shutter entrances, some with ancillary offices, yard areas, car parking and two dedicated yard areas, one currently occupied and the remaining vacant. There are eight units in total and some smaller ancillary storage capable of being let to small business users and fully self-contained.
The estate is mostly occupied with no leases in place and scope to further enhance the rental income as some of the units are vacant including Unit 7 and the rear land yard area and shortly Unit 2 and Unit 5, along with the smaller storage units. The units are mainly profile-sheet metal with solid brick walls, sodium or strip lighting, some with three-phase electric supply providing an excellent opportunity for an investor to acquire this well-established industrial estate close to Rhyl town centre.
There are various Energy Performance Certificates available upon request.
We understand that mains services are available to the units including electricity, mains water and drainage.
The premises provides the following approximate areas and dimensions: Unit 1 - 103.00m2 / 1,109ft2, Unit 2 - 110.00m2 / 1,192ft2, Unit 3 - 109.00m2 / 1,180ft2, Unit 4 - 209.00m2 / 2,254ft2, Unit 5 - 217.80m2 / 2,344ft2, Ancillary Office - 61.00m2 / 657ft2, Unit 6 - 283.00m2 / 3,046ft2, Unit 7 - 151.00m2 / 1,626ft2, Unit 8 - 53.90m2, Yard Areas Not measured, Total Site Area Aprox - 4,332.00m2 / 1.07 acres.
The site is held freehold.
Price:£750,000 for the benefit of the investment income, current £47,840 with the potential to be increased to £85,000 when fully occupied.
All prices, outgoings and rentals are exclusive of, but may be liable to VAT at the prevailing rate.
Under Money Laundering Regulations, we are obliged to verify the identity of a proposed purchaser/tenant once a sale/let has been agreed and prior to instructing solicitors. This is to help combat fraud and money laundering and the requirements are contained in statute. A letter will be sent to the proposed purchaser/tenant once the terms have been agreed.
Each party is to be responsible for their own legal costs incurred in this transaction.