Rhyl’s Marina Quay Retail Park on the Market for £1.7M

Rhyl’s leading out of town retail park has been placed on the market for offers in excess of £17m.

Marina Quay, which was constructed in 2017 by Scarborough Development Group, comprises over 105,000 sq ft of prime retail warehouse units, and is located adjacent to the popular tourist attraction, Marine Lake in the seaside town of Rhyl.

The scheme is anchored by a 18,651 sq ft Aldi store, as well other established retailers including B&M, The Range, Farm Foods, Greggs and OneBelow.

It boasts a fantastic location with excellent transport links given its close proximity to Rhyl Railway Station, as well as direct access to the main arterial route into the town centre.

Commercial real estate agencies Allsop and Knight Frank have been appointed as joint agents on the sale.

Jack Abou-Jaoude, Senior Development Manager at SDG, added:

“Out of town retail has performed exceptionally well throughout the Covid-19 pandemic and Marina Quay is no exception.

“Over the past four years it has established itself as one of the most successful retail parks in north Wales and, given that it is almost fully let to a wide range of well-known tenants, we are anticipating extremely high levels of demand from a variety of purchasers.”