An investment opportunity to acquire a leasehold ground floor shop premises in a popular coastal location of Pensarn, near Abergele with the bonus of a current lease with long term tenants paying £7,000 per annum.
Location The property is situated in coastal location of Pensarn, near Abergele on Marine Road, the A548 coast road and within a short distance to the A55 expressway providing excellent links to Chester, Llandudno and beyond.
Description An investment opportunity to acquire a leasehold ground floor shop premises with the bonus of a current long term lease with an established Bookmakers currently providing a regular income of £7000 per annum.
Accommodation The accommodation comprises a gross internal area of approximately 102.53 sqm (11100 sqft) according to the Valuation Office Agency (VOA) 2017.
Ground floor retail - 95.8 sqm (1031 sqft)
Staff toilets - 2.05 sqm (22 sqft)
Internal storage - 4.68sqm (50.37 sqft)
Terms 20 Year lease commencing on 11th September 2009
Rates Rateable value £6700 (CURRENT RATING LIST APRIL 2017)