Offers over
£375,000
(£316.72/sq. ft)
Retail premises for saleHigh Street, Prestatyn LL19
1,184 sq. ft
About this property
Pharmacy Investment Opportunity
Freehold
Well secured to L Rowland & Company (Retail) Ltd t/a Numark Pharmacy
Tenant wholly owned by Europe's leading pharmaceutical group phoenix Pharma se
Net Initial Yield: 8.37% (After allowing for purchaser's costs at 3.53%)
• Prominent position fronting High Street which is fully let in the immediate vicinity
• Single storey retail unit with rear servicing.
• Adjacent to Iceland, the anchor tenant on High Street, Prestatyn.
• Let to L Rowland & Company (Retail) Ltd t/a Numark Pharmacy
• Tenant wholly owned by Europe's leading pharmaceutical group phoenix Pharma se
• fr&I lease for a term of 10 years from 23 June 2024 (Tenant Break Option June 2029)
• Tenant has been in occupation for over 11 years
• Initial Rent: £32,500 per annum
• Seeking offers in excess of £375,000 subject to contract and exclusive of VAT
• Net Initial Yield: 8.37% (After allowing for purchaser's costs at 3.53%)
• Single storey retail unit with rear servicing.
• Adjacent to Iceland, the anchor tenant on High Street, Prestatyn.
• Let to L Rowland & Company (Retail) Ltd t/a Numark Pharmacy
• Tenant wholly owned by Europe's leading pharmaceutical group phoenix Pharma se
• fr&I lease for a term of 10 years from 23 June 2024 (Tenant Break Option June 2029)
• Tenant has been in occupation for over 11 years
• Initial Rent: £32,500 per annum
• Seeking offers in excess of £375,000 subject to contract and exclusive of VAT
• Net Initial Yield: 8.37% (After allowing for purchaser's costs at 3.53%)
Mortgage calculator
Monthly repayment
£1,875 per month
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