retail property advisors

Porthcawl

Porthcawl investment
Available
Asking price
£475,000
Passing rent pa
£32,500

Prime retail and residential investment in attractive seaside town

58 John Street

  • Porthcawl is an attractive seaside town located on the Heritage Coast with a strong staycation market. 1 million visitors a year.
  • Situated in a prime location on the pedestrianised John Street.
  • Other occupiers in close proximity include Boots, Costa Coffee, Poundland, Card Factory, Greggs and HBOS.
  • The investment comprises a ground floor retail/A2 unit with the upper floors newly converted to 2 apartments.
  • Ground floor let to Peter Alan on a recently re-geared lease now expiring July 2029 on full repairing and insuring terms, no break at £20,500 p.a
  • The two modern apartments are let on AST’s producing £12,000 pa gross.
  • Total income £32,500 pa.
  • Attractive Lot size
  • Seeking offers in the region of £475,000 (Four Hundred and Seventy Five Thousand Pounds) exclusive of VAT
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