Puffin House, Fernbrook Road, Penmaenmawr, Conwy, LL34 6DE
- PROPERTY TYPE
Apartment
- BEDROOMS
11
- BATHROOMS
7
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- UNBROKEN FREEHOLD
- INCOME GENERATING
- 9% YIELD ON GUIDE PRICE
- POTENTIAL FOR FURTHER DEVELOPMENT ON PLOT (STPP)
Description
UNBROKEN BLOCK OF 7 APARTMENTS - GENERATING £67,200PA
Description
This well managed and maintained unbroken block of 7 apartments is to be sold at auction on 30TH July 2026
PLEASE REGISTER ON AUCTIONEERS WEBSITE FOR LEGAL PACK AND VIEWING INFO
The property has 7 apartments. 4 x 2 Beds and 3 x 1 Beds. It is a conversion which had full planning permission and Build Regs certs. Completed in 2022. At present it is on one Freehold title.
All apartments have an allocated car parking space plus additional visitor car parking. All apartments have an external storage space to the rear of the property.
A fantastic investment opportunity to buy this 3 storey Detached building with incredible coastal views from the front of the property and the rear enjoying views of the surrounding mountains. With all apartments currently tenanted, the property will be sold as a going concern. Conveniently situated close to the town centre, convenient for local shops, amenities and transport links.
There is land adjacent to the lower level parking area that is considered suitable for an additional bungalow (subject to planning)
The vendors did submit a planning application for an additional bungalow in 2022 but did not pursue the process in order to complete the apartment renovations
All the apartments are fully let and Rental income is currently £5600 PCM ie £67,200 P/A. All gas and electric certs are up to date. The property has an internal sprinkler system installed and this plus fire alarm are on a contracted maintenance arrangement with Snowdonia Fire and Safety.
Please see the attached brochures which was from the two properties that were on sale for a short time not long after completion.
FINANCIAL BREAKDOWN
Buildings insurance is £1,300 P/A
Cleaning of common parts is £360 P/A
Fire alarm and Sprinkler system service costs £400 P/A
Maintenance of Garden and Car park £600 P/A
Landlords common parts electricity is circa £400 P/A
WE ARE ADVISED ALL TENANCY COMPLIANCE DOCUMENTS AND CERTIFICATES ARE IN PLACE AND WILL BE PROVIDED IN THE LEGAL PACK
Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.
Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Brochures
Legal DocumentsOnline Bidding- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Puffin House, Fernbrook Road, Penmaenmawr, Conwy, LL34 6DE
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Visit our security centre to find out moreDisclaimer - Property reference 352792. 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 Town & Country North West, Liverpool. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Town & Country North West, Liverpool on 0151 453 3527.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.