Pendre, Cardigan, SA43

** Impressive town centre investment opportunity ** Cardigan town centre ** Mountain Warehouse in occupation ** Business and residential accommodation over ** Large rear car park area with scope for further development (stc) ** Immaculately maintained and presented ** Available for the first time in generations ** Dominant high street presence ** Adjoining Boots, Saltrock, Greggs, Coffee No.1, Well Pharmacy and fully refurbished Town Guildhall ** A prominent location along the main town thoroughfare ** Current income of £39,000.00 per annum with potential to increase to £47,000.00 ** Useful basement storage area being fully refurbished **

Outstanding town centre investment opportunity within the ever popular and increasing in popularity town of Cardigan, regularly voted one of the best places to live and work in Wales.  Set within the Mid Wales government growth region.  15 minute drive to the Pembrokeshire Coast National Park.  The property is situated within Cardigan town centre, one of the most up and coming/trendy towns along the Welsh coastline.  The town offers a good level of services including traditional high street offerings, retail parks, industrial estates, primary and secondary school education, cinema and theatre, community hospital and a wealth of growing and renowned eateries.

The property benefits from mains water, electricity and drainage.  Mains gas central heating connections.

Tenure : Freehold

Council : Ceredigion County Council - Flat Band B/Commercial Property Rateable Value from 01.04.26 - £21,250

GENERAL

An impressive investment opportunity comprising of Mountain Warehouse national occupiers on the ground floor and basement areas. The lease commenced on the 27 September 2019 being a 10 year lease with a break clause in 2024 which has been surpassed and with the lease currently coming to an end in 2029. The current annual lease is £34,000.00 per annum.

We are advised that this is a good performing outlet for Mountain Warehouse and there may well be scope to extend the current lease period.

Details of the lease can be provided on request.

The accommodation provides more particularly as follows :

To the first floor there is an annual lease agreement with a commercial tenant currently generating £5,000.00 per annum rent.

To the second floor is a fully refurbished 3 bedroom apartment overlooking the town centre, this is currently vacant, but has the potential to have an income of at least £8,000.00 per annum.

To the re...

Ground Floor Shop Front

27' 0" x 66' 0" (8.23m x 20.12m) (1800 sq ft) with 22' shop front with sliding electric doors to front, electric fan heaters, tiled vinyl flooring, suspended lighting, front serving counter with BT and WiFi connection points, full open span retail outlet.

Dressing Room

8' 7" x 7' 9" (2.62m x 2.36m) with 2 separate dressing areas, connecting door to rear staff room with external fire exit onto rear staircase.

WC 1

With single wash-hand basin.

Kitchenette Area/Staff room

12' 7" x 9' 5" (3.84m x 2.87m) with stainless steel sink and drainer with mixer tap and rear external staircase leading down to -

Basement

63' 0" x 20' 0" (19.20m x 6.10m) which is split into 2 large rooms with average 7' height, sliding timber door to rear and side window, plumbing for WC, original flagstone and concrete flooring, stone on brick walls, multiple sockets. Completely refurbished and dry basement storage space utilised by Mountain Warehouse.

Entrance Hallway

Access by side pedestrian door from the ground floor (being separate from Mountain Warehouse) with steps leading to -

Landing

With storage cupboard.

Room 1

12' 2" x 10' 9" (3.71m x 3.28m) with window to rear, multiple sockets, fire alarm system.

WC 2

With single wash-hand basin, rear window.

Front Room 2

15' 0" x 29' 6" (4.57m x 8.99m) open span room with 3 large windows to front overlooking the street below, multiple sockets, BT point, strip lighting.

Rear Room 3

14' 9" x 12' 5" (4.50m x 3.78m) with window to rear, multiple sockets.

Self Contained Apartment

Accessed from the first floor hallway with open staircase with rooflight over onto -

Landing

6' 0" x 13' 6" (1.83m x 4.11m) with heater and airing cupboard.

Rear Double Bedroom 1

13' 9" x 14' 8" (4.19m x 4.47m) with window to rear, multiple sockets.

Lounge

11' 9" x 14' 7" (3.58m x 4.45m) with impressive living space with windows overlooking the street below, heater, multiple sockets, access to loft, secondary double glazed units.

WC 3

With rear window.

Bathroom

5' 3" x 8' 5" (1.60m x 2.57m) with panelled bath with shower over, rear window, fully tiled walls, vinyl flooring, single wash-hand basin.

Kitchen

8' 10" x 14' 2" (2.69m x 4.32m) with a modern white kitchen with a range of base and wall units with Lamona oven and grill with extractor over, stainless steel sink and drainer with mixer tap, under-larder fridge, space for small dining table, rear window and door to rear balcony area overlooking the town to the rear and potential to create an external staircase off the lower flat roof connecting to the external fire staircase to the rear of the retail unit.

Front Double Bedroom 2

14' 9" x 10' 5" (4.50m x 3.17m) with window to front with uPVC secondary glazing units, multiple sockets, TV point.

Front Single Bedroom 3

6' 3" x 15' 8" (1.91m x 4.78m) with window to front with secondary uPVC double glazed units, multiple sockets.

To the front

The property fronts onto Pendre, one of the main town thoroughfares.

To the rear

The property is accessed from William Row, a quiet council lane access leading directly to the property. This extended concrete and tarmac yard area provides ample off-road parking for 4+ vehicles but has scope for future development subject to the necessary consents.

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. Proof of funds will also be required, or mortgage in principle papers if a mortgage is required.

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