Porthcawl
Mixed retail and Residential Investment.
58 John Street
- Mixed retail and Residential Investment
- Retail unit and two modern apartments above
- 100% prime retail pitch
- Porthcawl is an attractive seaside / commuter town with a strong staycation market and 1 million visitors a year
- 55% of the income let to the strong covenant of Peter Alan on a lease expiring July 2029 with no breaks on full repairing terms
- Peter Alan has a 2A1 100% Minimum Risk Credit Rating
- Peter Alan is part of the Connells Group with the ultimate parent being Skipton Building Society.
- Refurbished by Principality Building Society.
- Underpinned by vacant sale values with Modern one- bed apartments in Porthcawl Town Centre available at £185,000 – two- bed apartments £220,000+
- Total income - £37,300 p.a