Penygarn, Bow Street, Dyfed, SY24 5BQ
10 Chalybeate Street
Tel: 01970 624328
About the Property
FANTASTIC INVESTMENT OPPORTUNITY! FREEHOLD COMMERCIAL / RESIDENTIAL PREMISES WITH MULTIPLE REVENUE STREAMS CURRENTLY ARRANGED AS 3 UNITS: 2 COMMERCIAL UNITS PLUS 2 BEDROOMED ACCOMODATION OVER. All in excellent order . Adjoining Public Parking and right of way side access to rear. The freehold interest is offered for sale subject to the lease of the Chinese take away together with periodic tenancy on the first floor flat.
- Public parking adjoining
- 4 Miles Aberystwyth
Situation and Location
This premises is situated in a central village location in this favoured residential area of the village. It is situated on the right hand side of the A487 Aberystwyth Machynlleth Trunk Road directly adjoining the Village Hall and Car park
The village provides good amenities to include Primary School, Spar General Stores/Post Office and various other Shops, Public Houses and Place of Worship. A frequent bus service operates to the University Town and Seaside Resort of Aberystwyth, which is some four miles distance and offers option of secondary schools Penweddig Welsh medium or Penglais secondary school. The Coastal Resort of Borth and Ynyslas with its fine sandy beaches are within four miles.
Traditionally built supporting a slated pitched roof with upvc windows and doors. Single Storey extended to the rear with ancillary rooms and box profile roofing.
The freehold interest is offered for sale subject to the lease of the Chinese take away together with periodic tenancy on the first floor flat.
Unit 1a - LOCK UP SHOP
The owners currently trade from Unit 1a and b as a Butchers shop but are shortly retiring. This unit is fantastic for any food/catering business use with Chill Rooms and Preparation Rooms and can be used in conjunction with or seperate to the External Rear Unit also has separate access.
26' x 11' (7.92m x 3.35m)
Which could be separated off and let separately to provide additional income if necessary.
Front Upvc Door. Timber panelling to one side, raised customer eating counter. Full length remaining areas green and cream tiled walls with grey tiled floor. Meter Cupboard. Understairs Storage cupboard. Circular light fittings. Step to
16' x 11' (4.88m x 3.35m)
12'7 x 7'87 (3.84m x 4.34m)
Shared with Unit 2
25' x 5'9 (7.62m x 1.75m)
Useful area with side access. Also providing thoroughfare for Unit 2 to access rear split level external Stores
Lawned Garden with access to side lane. Rear Timber Garden Shed. Central path to
Unit 1b REAR CATERING UNIT
Front Store Shed
12'2 x 7'8 (3.71m x 2.34m)
With raised decked area
Kitchen/Prep Room with Chiller Units
12'2 x 9'2 (3.71m x 2.79m)
With Walk in freezer room and Fridge Room.
Gated Seperate Side Access
With right of way from Main road
Unit 2 - CHINESE TAKEAWAY
Currently let to a Chinese Takeaway Establishment on a 12 year with rent review in April every 3 years with 5% rental increase, 2 years expired and break clause option every 3 years
24'4 x 11'8 (7.42m x 3.56m)
With Display Window and timber and glazed front door. Cream painted timber paneling. Red and cream tiled walls.
Ingelnook fireplace with Oak beam. Serving Counter. L shaped Seating area. Downlights. Access to Central Toilet. Step to
12'5 x 7'6 (3.78m x 2.29m)
With access to
14'10 x 11' (4.52m x 3.35m)
9'8 x 6 (2.95m x 0.15m)
With access to rear Thoroughfare
RESIDENTIAL 2 BED ACCOMODATION
Currently let on a periodic tenancy
With separate access from ground floor front with stairs to
13'5 x 12'7 (4.09m x 3.84m)
Range of base and eye level units and corner unit incorporating single drainer stainless steel sink with mixer tap, appliance spaces, plumbing for automatic washing machine and tiled splash backs and electric cooker with 4 ring hob with extractor fan over. Radiator and window to rear.
8'2 x 5'9 (2.49m x 1.75m)
With shower over bath
8'6 x 12'7 (2.59m x 3.84m)
With two windows to front and panelled Radiator
12'7 x 13'6 (3.84m x 4.11m)
With two windows to front and panelled Radiator
Mains Electricity, Gas, Water and Drainage. Gas Fired Central Heating System to First Floor Accomodation
Residential Accomodation is let on a periodic tenancy at approx £5940 per annum (£495 per calendar month)
Unit 2 provides £11400 per annum
With the current owners retiring who occupy Unit 1a and b - There are several opportunities to generate additional income as the current set up allows facilities to trade as a catering business. If the front sales area of unit 1a was not required it could be split off to provide another income stream as a lockup shop/Office Premises 26 'x 11'. In such instance, additional Income would be in the region of £6000 per annum. There would then be 4 income streams!
Unit 1 - Small Business Relief A3 use
Unit 2 - Small Business Relief A3 use
Residential Accomodation - Council Tax Band B
Anti Money Laundering
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.
Whilst we endeavour to make our sales details accurate and reliable they should not be relied on as statements or representations of fact and do not constitute any part of an offer or contract. The seller does not make or give nor do we or our employees have the authority to make or give any representation or warranty in relation to the property. Please contact the office before viewing the property. If there is any point which is of particular importance to you we will be pleased to check the information for you and to confirm that the property remains available. This is particularly important if you are contemplating travelling some distance to view the property. We would strongly recommend that all the information which we provide about the property is verified by yourself on inspection and also by your conveyancer, especially where statements have been made by us to the effect that the information provided has not been verified. LLOYD HERBERT & JONES HAVE NOT TESTED ANY ELECTRICAL WIRING, PLUMBING, DRAINAGE OR OTHER APPLIANCES. THE MENTION OF ANY APPLIANCES AND OR SERVICES WITHIN THESE SALES PARTICULARS DOES NOT IMPLY THAT THEY ARE IN FULL AND EFFICIENT WORKING ORDER