£850,000
(£79.16/sq. ft)
Property for saleConway Road, Colwyn Bay LL29
10,738 sq. ft
About this property
3 multi let office buildings in North Wales
Accumulated size of over 10,738 sq ft
Approximately £106,500 per annum when fully let
Each property has on site parking
24/7 access
Shared kitchens
Conveniently located with easy access to the local town centre
The Hanover Portfolio comprises 3 multi let office buildings in North Wales.
Carlton House, 68 Conway Road, Colwyn Bay, Conwy LL29 7LD.
Somerset House, 30 Wynnstay Road, Colwyn Bay, Conwy, LL29 8NB
Hanover House, The Roe, St. Asaph, Denbighshire, LL17 0LT
Each property has on site parking, 24/7 access, shared kitchens and meeting rooms (Excluding Carlton House) and are conveniently located with easy access to the local town centre.
Total rental income of c £100,000 pa
The landlord charges occupier for gas, water and electricity on top of the rent
Occupiers pay their own business rates but many suites qualify for zero rates
The landlord pays for external maintenance, fire alarm maintenance and cleaning shared areas.
The company that owns the premises, Hanover Business Centres Limited is offered for sale.
The company has no further assets nor liabilities.
Company number 02302007.
Purchase price of £850,000 reflecting
Overall rate of £79 psf
niy 11.3% on passing rent
Reversionary yield of 11.9% when fully let
Carlton House, 68 Conway Road, Colwyn Bay, Conwy LL29 7LD.
Somerset House, 30 Wynnstay Road, Colwyn Bay, Conwy, LL29 8NB
Hanover House, The Roe, St. Asaph, Denbighshire, LL17 0LT
Each property has on site parking, 24/7 access, shared kitchens and meeting rooms (Excluding Carlton House) and are conveniently located with easy access to the local town centre.
Total rental income of c £100,000 pa
The landlord charges occupier for gas, water and electricity on top of the rent
Occupiers pay their own business rates but many suites qualify for zero rates
The landlord pays for external maintenance, fire alarm maintenance and cleaning shared areas.
The company that owns the premises, Hanover Business Centres Limited is offered for sale.
The company has no further assets nor liabilities.
Company number 02302007.
Purchase price of £850,000 reflecting
Overall rate of £79 psf
niy 11.3% on passing rent
Reversionary yield of 11.9% when fully let
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Monthly repayment
£4,252 per month
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