Sales |
MERJS is currently instructed to dispose of the following properties: Regency Royal Hotel, East Parade, Llandudno, North Wales 
Click here to view brochure
The investment considerations are as follows: - Rare freehold hotel with vacant possession
- Llandudno is the largest seaside resort in Wales and close to the popular tourist destination of Snowdonia
- 61-bedroom seafront hotel prominently located close to the Venue Cymru Theatre and town centre
- Hotel amenities include 150-seater restaurant, bar, lounge, ballroom/conference room, lift and CCTV
- Separate area for Manager's flat
- Further development potential at the rear of the property and/or conversion of rooms at lower ground floor to bedrooms or meeting rooms, subject to obtaining necessary consents
- VAT not elected
- Excellent opportunity for hotelier or investor to further enhance the profile and stature of the hotel
- Alternatively, the property offers potential for a change of use to residential, nursing/care home or other use subject to planning
- Unconditional offer sought in excess of £2.5million (Two Million Five Hundred Thousand Pounds) subject to contract.
London Road Retail Park, Southend The investment considerations are as follows: London Road Retail Park is a prominent and accessible edge of town centre retail park on the A13 London Road opposite a Sainsbury's foodstore. The retail park is let to Homebase Ltd. (D&B 5A2) and DSG Retail Ltd. (D&B 5A1) trading as Currys with an average unexpired term of 10.8 years Freehold The tenancies produce a current rental income stream of £1,203,790 per annum The property comprises 6,963.86 sqm (74,959 sqft) of open A1 non food retail floorspace Offers sought in the region of £16,250,000 subject to contract Net initial yield of 7.00%
Click here to view brochure
|
|
