For Sale

2 Bedroom Apartment

Palace Avenue/Wellington Road, Rhyl


£100,000 Guide Price

  • Freehold INVESTMENT building
  • 2 bed 1st floor flat
  • Would benefit from a programme of refurbishment
  • Incorporating 15 year lease for Turf Accountant
  • Shop earns £500 pcm
  • Residential area
  • Potential yield of 10%
  • Viewing recommended
  • EPC - G/F

We have been given the pleasure of offering FOR SALE this substantial investment opportunity that would easily meet the needs of the most discerning buyer and investor. On offer we have a freehold building that not only incorporates a well established local turf accountant on an extensive lease levied at £500pcm, but in addition a substantial self contained two bedroom apartment above which could potentially achieve around £500pcm, giving a total yield potential of 10% per annum. Whilst in need of a programme of refurbishment, the flat is situated in a residential area of similar properties providing excellent access to all local amenities. For your added convenience, there is also an additional garden area to the rear which is to be included in the sale providing vehicular parking for the flat. The property needs to be seen to appreciate its potential and size. EPC - G/F

Situated in a prime location on the corner of a Palace Ave and the main Wellington Rd in Rhyl the shop premises are situated on the ground floor and access via the main road. This substantial shop area is currently leased to William Hill on an approx 15 year remaining lease based on revenue of £500 pcm, equating to £6000 per annum income from the shop alone.

. - This well established red brick building was built around 1900s and occupies a prestigious corner location in the West end of Rhyl. It allows excellent access to all local amenities along with the nearby seafront a short stroll away with the promenade, newly built Cai Marina and Pont Y Ddraig bridge offering access to the famous bike trail running right along the coast.

Flat -

.. - The seperate access to the flat is approached off Palace Ave via a path to the:-

Accommodation -

... - A wooden door allows access to the:-

Entrance Hall - This has dado rail, storage cupboards and a turned spindled staircase leading to the first floor and flat.

Landing - Double wooden glazed french doors lead from the top of the stairs to the landing area which has doors leading to all other accommodation.

Lounge - 12' 1" x 10' 7" (3.7m x 3.25m) - This has power points and twin aspect windows looking to the front and side elevation. An open archway leads into the:-

Kitchen - 11' 3" x 5' 2" (3.45m x 1.58m) - This has a base and wall unit, single drainer stainless steel sink with tap, hot water cylinder and additional door leading to the landing. .

Bedroom 1 - 13' 8" x 10' 11" (4.17m x 3.33m) - Steps down from the landing lead into the bedroom which has power points and twin aspect windows looking to the front and side elevations.

Bedroom 2 - 15' 5" x 10' 2" (4.72m x 3.12m) - With power points and a window looking to the front elevation. It also has a storage area above.

Bathroom - This has a panelled bath and a low flush w.c. with window.

.... - A security door leads to the fire escape. This has wrought iron stairs leading down to the:-

Rear Garden - This is accessed from the fire escape and also from the rear entry allowing vehicular access. This is included in the sale.

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