Central Ruthin asset with parking and development potential.
Large freehold period building in central Ruthin
An expansive mixed-use building on Well Street offering immediate rental income and clear development potential. The first floor is let long-term to a Chinese restaurant, while multiple ground-floor retail units provide a combined income of about £24,000 per year. A substantial private car park and a large rear outbuilding add valuable assets and flexibility.
The outbuilding formerly had planning consent to form two self-contained flats; that consent would need reinstating before conversion. The property is Grade II listed, which preserves many period features but will restrict alterations and may increase costs for refurbishment or redevelopment. EPC rating C60; property is freehold.
This is a suited opportunity for a hands-on investor or developer seeking a town-centre asset with both stable income and upside from change of use. Be aware the local area records higher-than-average crime and notable deprivation, factors to account for in tenanting strategy and valuation. Viewing recommended to assess fabric, tenant layouts and the outbuilding’s conversion potential.