Eldon Square, Dolgellau

Central Building is a substantial Grade II listed property offering an exceptional investment opportunity in the heart of Dolgellau. The property comprises three spacious flats and a ground-floor shop, all of which are currently let, generating a combined rental income of £29,320 per annum. Based on the guide price of £325,000, this represents an attractive gross yield of approximately 9.02%.

The property is presented in excellent condition and retains much of its original character, including traditional sash windows. With all four units currently let, Central Buildings provides an immediate income-producing investment with the benefit of a prime central location. An ideal opportunity for investors seeking a well-established mixed-use property with strong rental appeal and an attractive gross yield.

Dolgellau is a vibrant market town renowned for its picturesque streets, historic architecture, and stunning surrounding countryside. The town offers a wide range of local amenities, including independent shops, cafes, restaurants, and essential services, making it highly attractive to both residents and visitors. Its proximity to the Snowdonia National Park and scenic riverside walks adds significant lifestyle appeal.

Ground-floor Shop Accommodation:
Shop Room (6.51m x 8.13m)
Rear Hall (3.68m x 1.53m)
Storage 1 (1.98m x 3.44m)
WC (1.17m x 1.64m)
Kitchenette (2.96m x 1.05m)
Storage 2 (1.17m x 2.41m)

Flat 1:
Hallway (5.88m x 1.10m)
Bedroom 1 (2.46m x 2.68m)
Bathroom (3.13m x 1.87m)
Kitchen (2.73m x 3.57m)
Lounge (4.88m x 5.39m)
Bedroom 2 (3.30m x 5.23m)

Flat 2:
Hallway (1.08m x 3.18m)
Kitchen (5.20m x 2.42m)
Bedroom 1 (4.48m x 4.04m)
Lounge (4.70m x 3.72m)
Bedroom 2 (2.43m x 3.62m)
Bedroom 3 (2.60m x 2.84m)
Bathroom (2.68m x 1.83m)

Flat 3:
Entrance (1.91m x 1.08m)
Bathroom (1.82m x 2.69m)
Bedroom 1 (2.80m x 2.53m)
Bedroom 2 (2.88m x 3.13m)
Bedroom 3 (4.64m x 3.23m)
Lounge (4.62m x 3.70m)

Services
The whole property is connected to the mains supplies of electricity, water, drainage, and gas, with each property benefiting from independent utility connections.

Heating
All properties are heated via gas-fired central heating. The agent has not tested any services, appliances, or the central heating system (if any).

Business Rates & Council Tax
Central Buildings (Shop) - £8,600
Flat 1 - Band A
Flat 2 - Band A
Flat 3 - Band A

Wayleaves, Easements & Rights Of Way
We are not aware of any wayleaves, easements or right of way related to this property. The property will be sold subject to and with the benefit of all wayleaves, easements and rights of way whether mentioned in these particulars or not.

Planning
We are not aware of any active planning applications in place in relation to the property.

Article 4 Directive
If you own a residential dwelling (which is a main home) within the Eryri National Park area and wish to change the use to a second home, short term holiday let or specific mixed use, you will be required to obtain planning permission from Eryri's National Park Authority before undertaking the change of use. If you own a dwelling that is already in use as a second home, short term holiday let or specific mixed uses (before 1 June 2025) - the Article 4 Direction will not affect the current use.

Building Survey & Condition
No formal building survey has been made on the property in the last 12 months. The agents have not undertaken a full survey of the property.

Directions
From our office in Dolgellau, continue for approximately 70 yards and then turn right. Continue on this road for approximately 120 yards and the property will be on your right next to Boots Pharmacy.

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Method of Sale
The property is to be offered for sale by private treaty.

Tenure & Possession
The freehold of the property is offered with vacant possession on completion of sale.

Flat 2 and Flat 3 are subjected to Section 106 agreement.

Local Authorities
Parc Cenedlaethol Eryri/Snowdonia National Park


Viewings
Strictly by confirmed appointment with the vendor's agents R G Jones -

Health & Safety
Given the potential hazards of property, we ask you to be as vigilant as possible when making your inspection for your own personal safety.

DISCLAIMER
These particulars, whilst believed to be accurate, are set for guidance only and do not constitute any part of an offer or contract. Intending purchasers or purchasers should not rely on them as statements or representation of fact, but must satisfy themselves by inspection or otherwise of their accuracy. No person in the employment of Farmers Marts (R G Jones) Ltd has the authority to make or give any representations or warranty in relation to the property.


Council Tax Band: A (Parc Cenedlaethol Eryri)
Tenure: Freehold