Commercial · For sale

U37 Victoria Shopping Centre, Llandudno – Prime High Street Retail Investment

Mostyn Street, Llandudno, Conwy, LL30 2NG

OIRO £600,000

Tenure

Leasehold

Added

18 Oct 2026

About this property

Constructed as part of the Victoria Shopping Centre in the mid-1990s, the property comprises a modern double-fronted traditional shop unit arranged over two floors. Frame construction with concrete floors behind a stone block and brick façade; the pavement area along the front elevation is partially covered by an ornate iron and glass canopy. Accommodation provides sales on the ground and first floors, linked by a sales staircase and a passenger lift (8 persons / 630 kg). The tenant operates a café at the front of the first floor. Ancillary toilet, staff and storage facilities are on the first floor. The unit is serviced from the shared service yard at the eastern end of the shopping centre, accessed from Back Madoc Street, with an internal rear corridor at first-floor level linking to communal goods lifts. The second floor is excluded from the ownership.

Key points: - Llandudno is an attractive Victorian-era coastal resort and the dominant shopping centre serving the North Wales coastal region. - The adjacency of the in- and out-of-town retail offer has enabled Llandudno to adapt and thrive as a shopping destination. - 100% prime trading position on the central section of Mostyn Street, strategically between the two entrances into the Victoria Shopping Centre and opposite the former M&S. - Well-configured modern double-fronted retail unit trading over two floors, with rear servicing — capable of satisfying modern retailer requirements. - Entire building leased to Waterstones Booksellers Limited — the UK’s largest specialist book retailer (c. 316 outlets; Net Assets c. £95.2m). - Waterstones in occupation for two decades; third lease renewal completed — income certainty until February 2029. - Passing rent stable since 2022; peak-to-trough reduction of over 50% over the last decade — now considered affordable / rack rented (~£41.83 psf ITZA). - Offers in the region of £600,000 for the long leasehold interest, reflecting a net initial yield of 9.55%. - Property: Unit 37, Victoria Shopping Centre, Mostyn Street, Llandudno LL30 2NG — modern double-fronted G+1 shop, c. 5,115 sq ft NIA. - Position: 100% prime Mostyn Street between Victoria Centre entrances; opposite former M&S; rear servicing via shared yard.

Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.