Upper Part at, 53-55 High Street, Rhyl

Description

Long Leasehold First Floor Upper Part requiring modernisation with further potential subject to the necessary consents being obtained.

Location

Situated on High Street, in a central position close to the amenities available in Rhyl Town Centre and travelling facilities including Rhyl Train Station. Rhyl Beach is also nearby.

Tenure / Property Information

Investment Analysis

No completed sale comparables, accommodation details, rental evidence or formal valuation are supplied. The £1,000 guide is not evidence of market value or GDV. The property is described as requiring modernisation, with further potential subject to necessary consents, but the scope and cost of works cannot be established.

Investment Snapshot

Strategy Recommendation

Do not bid beyond the stated guide without confirming the full accommodation, lawful use, title and special conditions, obtaining a survey and pricing the required modernisation and consents.

Works Required

Modernisation is required, but no specific defects, accommodation schedule or works specification is supplied. Obtain a survey, confirm the permitted use and establish whether any proposed changes require consent before pricing works.

Rental & Market Context

Potential BRRR Position

BRRR viability cannot be established. GDV, refurbishment cost, rent and refinance value are unsupported. The long lease is stated to have 999 years unexpired at a peppercorn ground rent, but title, lender acceptability and necessary consents should be checked.

Buy-to-Let Analysis

BTL viability cannot be established because no sufficiently specific rental comparable, auctioneer rent estimate, accommodation schedule or operating-cost information is supplied. The property is vacant and requires modernisation.

Flip Analysis

A flip surplus cannot be calculated because there are no completed comparables, GDV evidence, works cost or supported selling allowance. The description indicates modernisation and further potential subject to consents, creating material feasibility uncertainty.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied.

• No completed sale comparables or market valuation evidence are supplied.

• The property requires modernisation, but the scope and cost of works are unknown.

• Further potential is subject to necessary consents, which have not been identified or confirmed.

• Accommodation details, lawful use, EPC and council tax information are not supplied.

• Additional seller fees may be payable under the special conditions and are not quantified.

• The £1,500 buyer premium does not apply if the lot sells for less than £10,000; the applicable fee depends on the final sale price.

Recommendation

Do not bid beyond the stated guide without confirming the full accommodation, lawful use, title and special conditions, obtaining a survey and pricing the required modernisation and consents.

Strategy Rating

Analysis Confidence

Only basic tenure, occupancy, guide, fee and general description are supplied; there are no dimensions, bedrooms, condition detail, comparables, rent evidence, EPC, council tax, GDV or works specification.