11 Gloddaeth Street

Overview

Well-let high street retail investment - Let to Cancer Research Wales

4,165 sq ft (386.96 sq m)

For Sale - Offers in the region of £342,500

Features

• Grade II listed property arranged over basement, ground, first and two upper floors
• Ground floor retail unit is let to Cancer Research Wales on a term for 10 years from April 2024, currently providing an income of £20,000 per annum
• There is a duplex on the second and third floors, let on an AST for a term of 12 months from September 2026
• Offers in the region of £342,500
• Net Initial Yield of 9.01% (assuming purchasers' costs of 3.73%)

Location

The property occupies a prominent position on Gloddaeth Street in the centre of Llandudno, one of North Wales’ most established and popular seaside towns. The property is situated within the town’s main commercial district, benefitting from strong pedestrian flow and close proximity to a wide range of national and independent retailers, cafes and leisure amenities. Llandudno enjoys excellent connectivity, with direct rail services to Chester, Manchester and London, together with convenient access to the A55 North Wales Expressway, providing links across the region and into the North West. The town is a well-known tourist destination, famed for its’ Victorian promenade, pier and attractive coastal setting, underpinning consistent footfall throughout the year.