45 - 47 Conway Road, Colwyn Bay, GWN

The main part of the property comprises a well maintained government office building, arranged over ground and 3 upper floors. There are 78 car parking spaces to the rear.
At ground floor level on the Conway Road frontage is a government job centre (integral to the main office building), a convenience retail store, further small retail unit and an educational unit.
The property is located fronting Conway Road, the principal route through Colwyn Bay town centre. There are good road communications with the A55 providing a route eastwards to Chester, which in turn links with the M53 / M56 motorways through to the entire motorway network. Colwyn Bay railway station, within a 5 minute walk, provides direct rail services to London Euston (approximate journey time 2 hours 50 minutes), Birmingham New Street ( 3 hours ) and Manchester Piccadilly (2 hours).

Sale Notes:
The investment opportunity comprises the office building of 31,679 sq ft and ground floor retail of 8,555 sq ft, set on a 1.28 acre site.
Total annual rental income £257,000.
Quoting price in the region of £2,025,000. A purchase at this level would show an attractive net initial yield of 12%, after purchasers costs of 5.8%.
The property is held on a freehold basis with a small part of the rear car park held on a long leasehold
basis from the Borough of Colwyn Bay until 22nd November 2071 at a total rent of £ 1 0.00 per annum.