Property photos
£185,000
(£55.22/sq. ft)
Retail premises for sale
Station Road, Colwyn Bay LL291,777 sq. ft
Local area information
Property location
Nearby amenities
- Colwyn Bay 0.1 miles
- Alternative Education Service 0.2 miles
- Rydal Penrhos 0.3 miles
- Llandudno Junction 3.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Colwyn Bay to find out more about the local area.
Features and description
Investment Consideration:
Gross Initial Yield: 9.14%
Rental Income: £16,900 p.a.
VAT is not applicable to this property
Comprises large retail shop t/a William Hill and residential flat at first and second floor (sold-off)
Situated close to Colwyn Bay Station, providing regular services to Chester, Manchester and Holyhead
Occupiers close by include Domino's Pizza (adjacent), Betfred (opposite), Santander, kfc and more.
Property Description:
Comprises large retail shop t/a William Hill and residential flat at first/second floor which has been sold-off, providing the following accommodation and dimensions:
Retail Shop: 165 sq m (1,777 sq ft)
Ground Floor: 130 sq m (1,400 sq ft)
Open plan retail, office, storage, wc
Basement: 35 sq m (377 sq ft)
Residential Flat: Sold-Off
Tenancy:
The retail shop is let to William Hill Organization Limited for a term of 15 Years from 10th January 2023 at a current rent of £15,000* per annum and the lease contains full repairing and insuring covenants. Rent review on 10.01.28 linked to cpi (cap & collar 2.5% - 5% p.a. Annualised) and 10.01.33 open market upward only. Tenant option to determine on 10.01.33 with min 6 months notice.
* The rent would increase to a minimum of £16,900 p.a. In January 2028 (2.5% collar). The vendor would top up rent until 10.01.28, so the buyer receives the equivalent to £16,900 p.a. From completion.
The residential flat has been sold-off to an Individual for a term of 999 Years from 4th July 2025 at a ground rent of peppercorn.
Location:
Colwyn Bay is a popular resort town on the North Wales Coast and close to Llandudno. Colwyn Bay Station is close to the property and provides regular services to Chester, Manchester and Holyhead. In close proximity to the A55 (Holyhead and Chester Expressway) with links to the M56 motorway. The property is situated on the east side of Station Road between its junctions with Conway Road and Victoria Avenue. Occupiers close by include Domino's Pizza (adjacent), Betfred (opposite), Santander, kfc, Subway, Costcutter, Amplifon and many others.
Gross Initial Yield: 9.14%
Rental Income: £16,900 p.a.
VAT is not applicable to this property
Comprises large retail shop t/a William Hill and residential flat at first and second floor (sold-off)
Situated close to Colwyn Bay Station, providing regular services to Chester, Manchester and Holyhead
Occupiers close by include Domino's Pizza (adjacent), Betfred (opposite), Santander, kfc and more.
Property Description:
Comprises large retail shop t/a William Hill and residential flat at first/second floor which has been sold-off, providing the following accommodation and dimensions:
Retail Shop: 165 sq m (1,777 sq ft)
Ground Floor: 130 sq m (1,400 sq ft)
Open plan retail, office, storage, wc
Basement: 35 sq m (377 sq ft)
Residential Flat: Sold-Off
Tenancy:
The retail shop is let to William Hill Organization Limited for a term of 15 Years from 10th January 2023 at a current rent of £15,000* per annum and the lease contains full repairing and insuring covenants. Rent review on 10.01.28 linked to cpi (cap & collar 2.5% - 5% p.a. Annualised) and 10.01.33 open market upward only. Tenant option to determine on 10.01.33 with min 6 months notice.
* The rent would increase to a minimum of £16,900 p.a. In January 2028 (2.5% collar). The vendor would top up rent until 10.01.28, so the buyer receives the equivalent to £16,900 p.a. From completion.
The residential flat has been sold-off to an Individual for a term of 999 Years from 4th July 2025 at a ground rent of peppercorn.
Location:
Colwyn Bay is a popular resort town on the North Wales Coast and close to Llandudno. Colwyn Bay Station is close to the property and provides regular services to Chester, Manchester and Holyhead. In close proximity to the A55 (Holyhead and Chester Expressway) with links to the M56 motorway. The property is situated on the east side of Station Road between its junctions with Conway Road and Victoria Avenue. Occupiers close by include Domino's Pizza (adjacent), Betfred (opposite), Santander, kfc, Subway, Costcutter, Amplifon and many others.
More information
Listed by
Blue Alpine Partners
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