Sycamore Street, Newcastle Emlyn
Key features
- Auction date: 28th & 29th October 2020
- Freehold with vacant possession
- Substantial three storey property
- Holiday letting opportunity
- Ground floor retail approximately 98.5 Sq m (taken from VOA)
- Popular town centre location
- First & second floor one and two bedroom flats
- Potential high yielding property
- Additional potential for a first floor studio flat (subject to planning)
- Close proximity to the beaches of Cardigan Bay
Property description
•Guide Price: £260,000+
•Town Centre Commercial/Residential Investment Opportunity
•Excellent holiday letting potential
•Freehold with Vacant Possession
A substantial Grade II listed three storey property occupying a prominent position in the centre of the sought after market town of Newcastle Emlyn. The property was formerly used as a bank with the ground floor currently providing retail accommodation, which benefits from store rooms, kitchen and wc facilities.
The upper floors have recently undergone redevelopment/refurbishment works and provide a first floor one bedroom self contained flat and second floor two bedroom self contained flat. There is additional potential to provide a self contained studio flat at first floor level (subject to the necessary planning consents). The accommodation has been completed to a good standard and currently operates as holiday letting accommodation, which we are advised achieves good occupancy levels.
The property is situated on Sycamore Street in the centre of Newcastle Emlyn town centre where there are a good range of local facilities and amenities. The beaches of Ceredigion are nearby with Aberporth Beach approximately 8 miles in the north west.
Accommodation - Ground floor retail: 98.5 Sq m
First floor one bedroom flat: 54 Sq m
First floor potential studio flat (STP)
Second floor two bedroom flat: 78 Sq m
(Measurements taken from the EPC’s and VOA)
Services - We understand the property to have mains electricity, water and drainage. However, interested parties are advised to make their own enquires.
Tenure - Freehold
Guide Price - £260,000+
Vat - VAT if applicable will be charged at the standard rate.
Buyer's Premium - 2% (min. £3,600) inc. VAT
Viewings - Viewings are by appointment only. Please contact one of our agents on or email
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Brochures
Sycamore Street, Newcastle EmlynSycamore Street, Newcastle Emlyn
NEAREST STATIONSDistances are straight line measurements from the centre of the postcode
- Carmarthen Station14.5 miles
About the agent
John Pye Property, Nottingham
James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA
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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 Nottingham on 0115 798 0657.
*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.”
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