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Mixed Use Retail & Office Investment, 55 Well Street, Ruthin , LL15 1AF

For Sale

3,988 sqft

£365,000 For Sale

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    • Located in Ruthin Town Centre
    • Properties prominently situated at the junction of Well Street and Station Road
    • Retail element fully let
    • Commercial Passing Rental of £37,300
    • Purchase Price £365,000
    • 9.88% net initial yield after taking into account the usual purchase costs of 3.44 %

    55 Well Street is a large commercial building providing five business units, four being at ground floor level, providing retail units with the remaining unit being office accommodation, located at first and second floor.

    A passageway runs beneath Unit 1 & 2 Well Street, leading to Units 3, 4 and 5.  Unit 1 & 2 being part of a three storey block, whilst 3 – 5 comprise single storey purpose built retail units, with the fifth unit being office accommodation located at first and second floor.

    It should be noted that the first and second floor offices were occupied by a professional practice of engineers for a number of years, having recently relocated.  The property is on the market at a rental of £10,000 per annum.  Please note that the first and second floor accommodation would convert well to residential use.

    https://www.bacommercial.com/wp-content/uploads/2020/09/Photo-18-03-2020-10-20-57-am.jpg Property Mixed Use Retail & Office Investment, 55 Well Street, Ruthin LL15 1AF 8th September 2020