MKM Building Supplies, Conway Road, Llandudno Junction, Conwy LL31 9DX

Llandudno Junction, LL31 9DX

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MKM Building Supplies, Conway Road, Llandudno Junction, Conwy LL31 9DX
Price £4,445,500
Rent (pa) £263,000
Yield 5.5%

Investment Summary

  • Freehold Long Income Builders Merchant Investment
  • Situated in the established commercial location of Llandudno Junction
  • Located on the busy Conwy Road, directly off Junction 19 of the A55 North Wales Expressway
  • Prominent trade counter and builders yard across two sites totalling 42,669 sq ft
  • Large site area of 4 acres with a low site coverage of just 25%
  • Richard Williams Timber have been in occupation of the site since 1938
  • MKM recently bought the successful business and will be re-branding the branch in early 2022 (£500k cost)
  • Let to MKM Building Supplies Limited
  • Undoubted covenant - rated by D&B as 5A3 and has an Experian Delphi Rating 100 (Low Risk)
  • 40% Turnover increase and 61% EBITDA increase (2021 management accounts)
  • New 15-year unbroken FRI lease at £263,000 per annum (£4.79psf)
  • 5 yearly upward only rent reviews linked to RPI (collared and cap 0% - 3%)
  • Freehold
Town Llandudno Junction
Postcode LL31 9DX
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