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Commercial Property for sale

High Street, Porthmadog

Sold STC £195,000

Property Description

Key features

  • Freehold Premises
  • Substantial Building
  • Central Location
  • Versatile Accommodation

Full description

A significant opportunity to acquire a sizeable and profitable commercial premises in four letable units. The property comprises of a beautifully constructed traditional stone property which is purposely adapted for investment whilst retaining considerable charm, character and being Grade II listed. The property is divided into four separate lettable units currently trading. The upper two floors could provide excellent living accommodation or self-contained apartments subject to the necessary planning permission. The property occupies a corner location benefitting from significant frontage to both ground and first floor level whilst the remainder of the units offer road frontage to the minor side road. Viewing is highly recommended.

Agents Remarks - 117 High Street, Porthmadog comprises of a Grade II Listed,substancial stone built commercial property occupying the most prominent, convenient and accessible road position within the historic and popular historic coastal town of Porthmadog.
The property has been adapted by its current owners to form four investment units all of which have been continually let with little advertising and in total bringing a rental figure in excess of £26,000 per annum. All units have been maintained to a high standard and all benefit from a independent electric supply and a interlink fire alarm system. All units also benefit from a small kitchen and WC facilities. The upper two floors could provide excellent living accommododation / apartments subject to the neccessary planning permissions being gained.
All units benefit from front and side frontage which benefits from a significant amount of footfall.
The building itself is in excellent condition and was been totally rewired in 2014.
Occupying what is believed to be one of the most central positions within the town, this property offers a superb commercial investment producing a significant annual yield.

Viewing is highly recommended.

Situation - The property is located centrally within the High Street of Porthmadog benefitting from a large amount of footfall. Porthmadog itself is a bustling and ever-growing harbour town in the Glas LLyn estuary and in particular is popular with tourists during the summer months due to its proximity to the Llyn Peninsular and the Snowdonia National Park. The town also attracts a number of the national retailers and appears to be ever expanding.

Accommodation - The premises provides the following approximate dimensions

Ground Floor Shop - Ground Retail Zone A 38.14 m
Ground Retail Zone B 14.70 m
Ground Store 1.79 m
Mezzanine Retail Area 24.74 m
Mezzanine Store 9.77 m
First Floor Store 4.76 m
First Floor Staff Toilet N/A
Total 94.86 m

Front First Floor - First Floor Reception 11.52 m
Frist Floor Beauty Treatment Room 12.15 m
First Floor Kitchen 4.03 m
First Floor Internal Storage (two rooms) 13.67 m
First Floor Staff Toilets N/A

. - Second Floor Beauty Room 14.24m
Second Floor Beauty Room 9.20 m
Second Floor Beauty Room 8.84 m
Second Floor Beauty Room 16.10 m
Total 89.75 m
*NB* Would provide superb living accommodation / letting subject to the neccessary planning permission being gained.

Ground & First Floor Office - Ground Retail Zone A 45.44 m
Lower Ground Internal Storage 30.66 m
First Floor Office 22.60 m
Total 98.10 m

Ground & First Floor - Ground Floor Retail Zone A 16.74 m
First Floor Office space and Internal Storage 16.37 m
First Floor Toilet
Total 33.11 m

Rates - We understand through our enquiries of the VOA website that the premises are assessed for rates all of which can be found on the VOA Business Rates website.

Viewing - Strictly by appointment with the agents, Jones Peckover, Denbigh Office: Tel: (01745) 812127.

Legal Costs - Each party will be responsible for thier own legal costs incurred in this transaction.

Town & Country Planning - The property, notwithstanding any description contained in these particulars, is sold subject to any Development Plan, Tree Preservation Order, Town Planning Scheme, Agreement, Resolution or notice which may be existing or become effective, and also subject to any statutory provision(s), or By-Law(s) without obligation on the part of the Vendor or the Agents to specify them.

Important Notice - None of the services, fittings or appliances (if any), heating installations, plumbing or electrical systems have been tested and no warranty is given as to their working ability. Interested parties should satisfy themselves as to the condition and adequacy of all such services and or installations prior to committing themselves to a purchase.

Misrepresentation Act - Messrs Jones Peckover for themselves and for the vendors or lessors of this property whose agents they are give notice that:- 1. The particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of an offer or contract. 2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3. No person in the employment or Messrs Jones Peckover has the authority to make or give any representation or warranty whatever in relation to this property.

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