MKM Building Supplies, Park Road, Ruthin, Denbighshire LL15 1NF

Ruthin, LL15 1NF

Back to Track Record
Sold
MKM Building Supplies, Park Road, Ruthin, Denbighshire LL15 1NF
Price £1,986,000
Rent (pa) £122,500
Yield 5.75%

Investment Summary

  • Freehold Long Income Builders Merchant Investment
  • Situated in the historic market town of Ruthin, Denbighshire
  • Located on the busy Park Road, a key arterial route through the town
  • Well configured builders merchant providing 18,320 sq ft
  • Large site of 2.24 acres with a low site coverage of just 15%
  • Richard Williams Timber have been in occupation for over 30 years
  • 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 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 £122,500 per annum (£3.75psf and £40,000 per acre yard overage)
  • 5 yearly upward only rent reviews linked to RPI (collared and cap 0% - 3%)
  • Freehold
Town Ruthin
Postcode LL15 1NF
Get Directions

Interested in this property?

Contact our team for more information or speak directly with Sam Beckett.

Contact Us

Similar Properties