82-84 High Street, Prestatyn
AVAILABLE
- Prominent position fronting a fully let High Street
- 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%)