57 Well Street, Ruthin, Denbighshire

Property type:

Retail, Investment/Development

Size:

1,150 Sq Ft (106.84 Sq M)

Tenure:

For Sale £210,000

57 Well Street, Ruthin, Denbighshire - Image 1
57 Well Street, Ruthin, Denbighshire - Image 2
57 Well Street, Ruthin, Denbighshire - Image 3

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Property description

The property comprises a ground floor only lock up retail unit, which has been recently converted into a fast food takeaway.
Tenancy Summary
Tenant: DP Realty Limited
Term: 20 years
Rent £15,000 pax
Break Options: Tenant break options at the end of years 5 and 10
Rent Reviews: Upward only, to open market rent, in 2029, 2034, and 2039
Initial Rent Concession: A lower rent applies in year one
Rental Guarantee: The landlord may provide a rental guarantee in respect of the initial concession
Lease Terms: Internal repairing and insuring (IRI) basis