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COMMERCIAL

Princess Street, Borth, SY24

£695,000
Morgan & Davies, Lampeter
PROPERTY TYPE
Commercial Property

Key features

  • *** A quality, residential and commercial investment property ***
  • *** Occupying outstanding coastal position on the Cardigan Bay coastline ***
  • *** 7 x 2 bedroomed apartments, 4 x 1 bedroomed apartments.***
  • *** Expansive views along the Borth seafront, towards Aberdovey ***

Property description

Tenure: Freehold

*** A quality, residential and commercial investment property *** Producing a substantial and lucrative income stream *** Occupying outstanding coastal position on the Cardigan Bay coastline *** Expansive views along the Borth seafront, towards Aberdovey and south towards Aberystwyth ***

A most valuable and income deriving residential and commercial investment opportunity on the Cardigan Bay coastline and for sale for the first time since being developed. For sale as a going concern. Comprising of 11 let apartments, arranged over 4 storeys and each providing well maintained accommodation and including, on the ground floor, former Tourist Information Centre, suitable either as a commercial investment or for owner occupation or alternatively, the possibility to convert as a further residential apartment.

7 x 2 bedroomed apartments, 4 x 1 bedroomed apartments.  Fine views within a traditionally built building.

Borth is an extremely popular coastal resort on the Cardigan Bay coastline, just 6 miles north of the University town, coastal resort and administrative centre of Aberystwyth. All usual amenities are within close proximity.



The apartments have the benefit of Economy 7 heating, internal communal stairwell.



GENERAL

The apartments are currently let on 6 month Assured Shorthold Tenancies of varying lengths. A full schedule can be provided on application together with a schedule of payable rents. At present the property derives an income of circa £62,760 per annum. Note: this excludes the vacant former Tourist Information Centre on the ground floor.

The property is occupied by a number of tenants that have been in occupation for a number of years being reliable and good quality occupiers. The property can be easily managed either by the owners or by Agents.

As a fully let investment it is thus capable of deriving a very lucrative income stream and for those seeking an up to date, quality, mixed investment, this is the ideal opportunity.

There is much scope due to the unique location of the premises to diversify potentially into holiday letting and the coastal position almost adjacent to the extensive Borth beach, provides a unique appeal t...

Side of Property

Sea View

AGENTS COMMENTS

The apartments are currently let on a 6 month Assured Shorthold Tenancies of varying lengths. A full schedule can be provided on application together with a schedule of payable rents. At present the property derives an income of circa £62,760 per annum. As a fully let investment, thus, capable of deriving a very lucrative income stream.

Note: this excludes the vacant former Tourist Information Centre on the ground floor.

VIEWING: Strictly by prior appointment only. Please contact our Lampeter Office on or

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Brochures

Brochure 1Brochure 2

Princess Street, Borth, SY24

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Borth Station0.0 miles
  • Aberdovey Station3.7 miles
  • Bow Street Station3.7 miles

About the agent

Morgan & Davies, Lampeter

12 Harford Square, Lampeter, SA48 7DT

Morgan & Davies, Lampeter

Welcome to Morgan & Davies

Morgan & Davies was formed in 1989 and is an independent family owned firm of Chartered Surveyors covering the whole of Mid and West Wales and providing a variety of Professional services.

There are two offices - Country and Coastal - Lampeter and Aberaeron

Specific fields of practice and services provided are:

  • Residential Estate Agencies and Chartered Surveying Services.

  • Agricultural Estate Agencies - Qualified Rural S
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Industry affiliations

Association of Residential Letting AgentsNational Association of Estate AgentsOmbudsman for REsale Estate Agents (no OFT logo)

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 18218813. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Morgan & Davies, Lampeter. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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