Acquired
Colwyn Bay – William Hill & Ground Rent
10/10A Station Road, Colwyn Bay, Clwyd LL29 8BUFreehold Retail & Residential Ground Rent Investment
Tenure
Freehold
Lease Term
15 Years
Years Left on Lease
12y 1m
Area
1,777 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises large retail shop t/a William Hill and residential flat at first and second floor (sold-off)
- The rent would increase to a minimum of £16,900 p.a. in January 2028 (2.5% collar)
- 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.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
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
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 Description
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 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.
* The rent would increase to a minimum of £16,900 p.a. in January 2028 (2.5% collar).
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.
Tenancies & Accommodation
Location Description
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.