Securely Let Retail Investment

53-55 Mostyn Street | Llandudno | Wales | LL30 2NN


subject to contract

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  • Largest seaside town in North Wales

  • 100% prime pitch

  • 500 metres from Llandudno Railway Station

  • Let to Poundland Limited (Revenue £1.5 bn, Net Worth £178 m)

  • New 5-year lease from October 2022 – no breaks

  • Tenant has extensively renovated the property

  • Income of £110,000 per annum (£5.56 per square foot / £59.84 per square metre)

  • Long Leasehold at a peppercorn rental

  • £1,150,000, subject to contract

  • 9% Net Initial Yield

  • £58 per square foot / £625 per square metre



Llandudno is the largest sea front town and resort in North Wales and a premier shopping destination attracting tens of thousands of visitors every year. The town can be easily accessed via the A55 expressway (the main arterial route through North Wales), connecting the town to all major locations.

Chester is approximately 47 miles (75 km) to the south east, Liverpool is 55 miles (88 km) to the north east and Manchester is 80 miles (128 km) to the north east.

Llandudno Railway Station provides regular services to London, Cardiff, Liverpool, Birmingham, Manchester and the rest of the UK.

The town is a touristic location and home to the world-renowned Snowdonia National Park along with several other attractions including an artificial ski slope, the longest cable car ride in Britain, it’s famous long promenade and traditional pier and historic castles throughout.


The property occupies one of the best corner positions in the town on the north side of Mostyn Street between its junctions with St George’s Place and Clonmel Street.

Llandudno Railway Station is just 500 metres from the property and the pier is 150 metres away.

Nearby occupiers include, Holland and Barrett (next door), Pandora (opposite), Santander, Greggs, Clarks, Caffe Nero, WH Smith/Post Office and various high street banks.

The main entrance to the Victoria Shopping Centre is opposite the property and is home to occupiers including Waterstone’s, The Body Shop, EE, Boots, Specsavers and Vodafone. The shopping centre benefits from a 366-space multi-storey car park.

Parc Llandudno and Mostyn Champneys retail parks as well as an Asda Superstore are located 0.5miles (0.8 km) away. Occupiers include Primark, Marks and Spencer, B&Q, Mc Donald’s, TK Maxx, Aldi and Halfords.



The property comprises a recently renovated corner retail unit arranged over ground, first and second floors.

We have been advised that the tenant has recently invested circa £300,000 into extensively renovating the property.

The ground and first floor comprise sales accommodation and the second floor comprises storage and staff facilities.

The property benefits from an impressive awning to the front of the property.

There is a customer lift, escalators and stairs from the ground floor to the upper parts as well as a goods lift and a convenient loading bay and doors at the rear.

Prior to Poundland taking occupation the vendor repaired the rendering, repainted the exterior and works were carried out to the canopy including stripping down the metal work, repairing and repainting. Some exterior windows were repaired in addition to an overhaul of the roof including works to the fire vents to a standard Poundland were satisfied with. The cost of the works was approximately £57,000.


The vendor has provided the following floor areas:

Ground 606.30 sq m 6,526 sq ft
First Floor 662.10 sq m 7,127 sq ft
Second Floor 569.80 sq m 6,133 sq ft
Total 1,838.2 sq m 19,786 sq ft

A set of floor plans is available to download from the downloads section below.



The property is held on a long leasehold for 150 years from 22nd July 2022 at a peppercorn rental. The Freeholder is ‘Trustees For Methodist Church Purposes’.


The property is let to Poundland Limited on a new full repairing and insuring lease (excluding the roof), subject to a Schedule of Condition, for a term of 5 years from 24th October 2022, expiring 23rd October 2027. There are no break clauses.

The lease allows for a half rent of £55,000 per annum for the first two years, rising to £110,000 per annum from 24th October 2024. The vendor will top up the rent by way of an adjustment to the completion sum so that a purchaser will effectively receive £110,000 per annum from completion.

Historically, Poundland traded from 87-89 Mostyn Street for many years. Following its success, they have now shut that store and over doubled their size by reopened a brand-new store at this property.

The rent of £110,000 per annum equates to an overall rate of just £5.56 per square foot / £59.84 per square metre.

The vendor undertook works to the property prior to Poundland taking occupation. See ‘Description’ section.



Poundland Limited (Co. No. 02495645) has reported the following figures:

  25th September 2022 26th September 2021
Revenue £1,586,100,000 £1,544,694,000
Pre-Tax Profits £33,920,000 £33,478,000
Net Worth £178,771,000 £125,057,000

Poundland is a British variety store founded in 1990 and operates from over 800 stores. The company is regarded as one of the most well-known and robust retailers and is Britain’s fastest-growing clothing retailer with full PEP&CO ranges in over 350 stores.

Poundland are rolling out frozen and chilled food to over 500 stores and have launched homewares goods in all stores.


The property has been registered for VAT and it is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC) so that VAT will not be payable on the purchase price.



We are instructed to seek offers in excess of £1,150,000 (One Million One Hundred and Fifty Thousand Pounds), subject to contract, reflecting a net initial yield of 9%, assuming standard purchaser’s costs of 5.89%.

Please note that a purchaser will be re-charged the costs of the searches (£751.22) which are provided in the data room and a Transaction Fee of 1% of the Purchase Price plus VAT.

Investment Considerations

  1. An opportunity to acquire a property in North Wales largest seaside resort;

  2. Well located property just 500 metres from Llandudno Railway Station;

  3. Located in a 100% prime pitch location in the town;

  4. Poundland have just signed a new lease and extensively invested into the refurbishment;

  5. Poundland are a highly secure tenant with revenues in excess of £1.5 billion;

  6. Low rent of £5.56 per square foot / £59.84 per square metre;

  7. The purchase price reflects just £58 per square foot / £625 per square metre;

  8. Attractive yield of 9%


Data Room and clicktopurchase®

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Purchasers benefit from the trust, security and transparency provided by the platform. All activities, including the online contract execution, will form part of the electronic audit trail which is anchored in the clicktopurchase® Blockchain.

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Contact Us

Singer Vielle   +44 (0) 207 935 7200
Daniel Elia +44 (0) 203 701 1353
Dale Henry +44 (0) 203 701 1356

Vendors Solicitor

Gateley Legal +44 (0) 113 204 1151
Amelia Purdy