Investment Properties for sale in Flint

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Amy Cross, (July 2016)
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Freehold Price: £449,950 Price Reduced
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Business Description
Planning For 14 Luxury Flats
May Suit Other Private/Commercial Uses
Existing Rental Income £23,400 pa
Opposite Busy Retail Park
Main Road Site, Parking 40+ Vehicles
EPC Rating - C

This is an excellent development and investment opportunity comprising of freehold land with rental incomes and which holds Planning Permission under Flint County Council (Reference 046618 dated August 2012) for fourteen luxury two bedroom apartments. Plans can also be viewed at the offices of Blacks Brokers. The land is close to the centre of the thriving North Wales town of Flint and occupies a main road location on the A 548 which links Chester, Queensferry and other Deeside towns including Flint with Prestatyn and Rhyl. It is located opposite a modern retail park which includes McDonalds, Asda, Sainsburys and a large number of well known 'High Street ' multiples.

Flint is a highly populated area of North Wales with easy access to the beautiful North Wales countryside nearby. It also has good links to the national motorway network and is just three miles from the A55 North Wales Expressway. Flint is benefitting from substantial development with at least seven hundred new residential properties planned for the area. Blacks Brokers consider that the land may therefore suit development not only for the approved luxury apartments but alternative redevelopment for other retail, commercial or residential use subject to obtaining consents. In addition the land and buildings currently produce an investment income of £23,400 per annum.

The land and buildings are currently occupied by two businesses. The vendor who has traded successfully for many years as Walkers Carpets and also a thriving computer specialist in programming, retail and repairs. Rental incomes amount to £450 per week i.e. £23,400 per annum with the carpet business paying £250 per week rent to the proprietor as landlord and £200 per week paid by the computer specialist. The vendor and proprietor of the carpet business will be prepared to negotiate a fresh lease with a new owner.

Blacks Brokers consider that this makes an exciting development or investment opportunity and that multiple options are available for the purchaser. Our client seeks an early sale and our helpful staff wil be pleased to arrange viewings for prospective buyers.

Tenure: Freehold

Accommodation Details:
This comprises a substantial area of land formerly known as Leasowe Garage and fronting the A548. The land is used for customers of both businesses for their retail operations and as parking and storage . The vendor advises that any former fuel tanks have been removcd from the site. The carpet business buildings comprises of a warehouse store with roller shuttered entrance and a showroom with modern double glazed shop frontage and a further store to the rear. The carpet business also utilises additional storage containers to facilitate immediate supply options for its customers. No. 18 Holywell Road . We were unable to view this property at the time of our visit butvwe are advised that it comprises a showroom, office, two workshops,mtoilet and a kitchen. It also has a rear entrance with roller shutters.

Location Details: Flint

Downloadable Documents

Listed by: Blacks Business Brokers Limited
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