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Commercial Property for sale

Eastgate, Aberystwyth, Ceredigion, SY23

Offers in Region of £265,000

Property Description

Key features

  • 6 Beds
  • Shop Premises
  • Good Location
  • Potential Income 24,000

Full description

A freehold commercial investment property situated in a popular trading street within the town centre. The property briefly compiles of a four storey mid terrace property with a self contained ground floor lock up shop. The upper part is converted into a six bedroom HMO currently let for 2015-2016 academic year. The property generates an annual income of £24,000 subject to the current tenancy. Rateable value £15,000. Commercial EER 96. Residential EER: 45

Situation & Location - The property is conveniently located in a busy side street adjoining Pier Street in the Centre of Aberystwyth main shopping area. Aberystwyth is the commercial centre for a large catchment area including the Cardigan Bay Coast and most of Mid West Wales. The University ensures good all year round trade in the Town which is also a tourist centre in the summer season, as it lies at the apex of the West Wales Coast. There are good social, educational and shopping facilities in the Town with public transport via the Railway Station to all parts.

Accommodation - This mixed residential and commercial property will expressly appeal to owner/occupier or investor.

Ground Floor - The Self contained lock up shop enjoys a good size traditional style window display. The shop provides some 400sqt of retail space with Store room and Staff facilities. The shop is occupied by a local carpet business held on a lease.

The Maisonette - The HMO maisonette is approached by a communal passage way.
Side entrance door leading to:-

Hall - Stairs to First Floor

Landing - Panelled radiator.
Stairs to second floor and door to:-

Kitchen/Dining Room - 12' x 8'4 (3.66m x 2.54m) - With range of fitted base and eye level units. Wall mounted "Europa" gas fired boiler which heats hot water and central heating. Work top above single drainer stainless steel sink. Extractor fan. Ceiling light. Plumbing for automatic washing machine. Two twin power points, double panelled radiator.

Dining Area - 10'10 X 5'11 (3.30m X 1.80m) - Double panelled radiator.

Shower Room - With shower cubicle

Alcove Understairs Cupboard - With electric consumer unit

Separate Toilet - With low flush W.C and wash hand basin.

Bedroom - 7' x 9'2 (2.13m x 2.79m) - Window to front. Double panelled radiator. Twin power point.

Other Front Bedroom - 12'10 x 7'8 (3.91m x 2.34m) - With window to side. Twin power point. Double panelled radiator.

Second Floor Landing - Central landing. Panelled radiator.
Stairs to First Floor and doors to:-

Lounge - 13'5 x 13'2 (4.09m x 4.01m) - With window to front and side. Feature fireplace. Panelled radiator. Twin power point.

Rear Bedroom - 10'10 x 8 (3.30m x 0.20m) - Double panelled radiator and twin power point.

Other Rear Bedroom - 9'5 x 10'11 (2.87m x 3.33m) - Panelled radiator and twin power point.

Third Floor Central Landing - Twin power point and door to:-

Rear Bedroom - 9 x 9'2 (0.23m x 2.79m) - Twin power point. Panelled radiator. Cupboard.

Front Bedroom - 12 x 8'5 (0.30m x 2.57m) - Dormer window to front. Panelled radiator. Twin power point.

Bathroom - With panelled bath, electric shower unit and wash hand basin. Built in store cupboard. Panelled radiator.

Viewing Information - The property will expressly appeal to investors seeking a mixed use investment property with two separate incomes streams. The property is fully let from June 2015-2016 with an annual income of £24,000. For Further Details Apply: LLOYD, HERBERT & JONES who will be pleased to arrange viewing.

Additional Information - Whilst we endeavour to make our sales details accurate and reliable they should not be relied on as statements or representations of fact and do not constitute any part of an offer or contract. The seller does not make or give nor do we or our employees have the authority to make or give any representation or warranty in relation to the property. Please contact the office before viewing the property. If there is any point which is of particular importance to you we will be pleased to check the information for you and to confirm that the property remains available. This is particularly important if you are contemplating travelling some distance to view the property. We would strongly recommend that all the information which we provide about the property is verified by yourself on inspection and also by your conveyancer, especially where statements have been made by us to the effect that the information provided has not been verified. LLOYD HERBERT & JONES HAVE NOT TESTED ANY ELECTRICAL WIRING, PLUMBING, DRAINAGE OR OTHER APPLIANCES. THE MENTION OF ANY APPLIANCES AND OR SERVICES WITHIN THESE SALES PARTICULARS DOES NOT IMPLY THAT THEY ARE IN FULL AND EFFICIENT WORKING ORDER

Money Laundering Regulations - The successful purchaser will be required to produce adequate identification to prove their identity within the terms of the Money Laundering Regulations. Appropriate examples include: Passport/Photo Driving Licence and a recent Utility Bill

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