Business park
Features and description
- Established industrial Site
- All units occupied
- Prominent corner location
- Income producing
- Scope to enhance income
- Good investment potential
- Probate sale
- Freehold
- 22/01/2024
LOCATION
The industrial estate known as Old Thorpe Cefndy Road Estate, is accessed from both Cefndy Road and Ffordd Derwen at the junction of a prominent road within an established industrial area with both national and regional multiples close by including Screwfix, Howdens, Ford Dealership, Conwy Council, Pinfold Industrial, along with various other local occupiers within this prominent industrial area surrounded by densely populated housing.
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, one of which Rhyl High School is situated close by, along with a college, two theatres, a library, a primary health care centre, a 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.
DESCRIPTION
The site comprises of various industrial units with dual access off from both Ffordd Derwen and Cefndy Road, providing self-contained industrial units with car parking to the front elevation with roller shutter entry to all units in a prominent roadside position. There are 7 units in total, plus a partially covered yard and first floor offices. 6 of the units are let and one vacant unit benefitting from 10 storage containers, which could be let individually. The units are occupied with no leases in place, and scope to further enhance the rental income and create leases, subject to regearing and estate management. The units provide traditional, mainly profile sheet metal with brick or block walls, sodium or strip lighting, three-phase electric supply, and mains water. All units benefit from a roadside frontage and are close to Rhyl town centre.
EPC
There are various Energy Performance Certificates available upon request.
SERVICES
We understand that mains services are available to the units including electricity, mains water and drainage.
ACCOMMODATION
The premises provides the following approximate areas and dimensions:
M²
SQ FT
Unit A1
334.00 m²
3,595 ft²
Unit A2
96.00 m²
1,033 ft²
Unit A3
87.79 m²
945 ft²
Unit A4
87.79 m²
945 ft²
Unit A5
282.15 m²
3,037 ft²
Unit B
481.60 m²
5,184 ft²
Unit C
378.00 m²
4,069 ft²
Partial Covered Yard
112.00 m²
1,206 ft²
Mezzanine (not measured)
69.00 m²
742 ft²
Total Rentable Area
1,928.33m²
20,756 ft2
Total Site Area Aprox.
2530.00 m²
0.62 acres
TENURE
The site is held freehold.
PRICE
Price: £675,000 for the benefit of the current rental income, of £42,257.96.
VAT
All prices, outgoings and rentals are exclusive of, but may be liable to VAT at the prevailing rate.
AGENT’S NOTE
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.
LEGAL COSTS
Each party is to be responsible for their own legal costs incurred in this transaction.
VIEWING
Strictly by appointment via the joint agents:
JO Real Estate Ltd : Jonathan Owen
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Peter Large Estate Agents : Peter Large
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