Terrace Road, Aberystwyth, Ceredigion, SY23 2AE
10 Chalybeate Street
Tel: 01970 624328
About the Property
EXCELLENT INVESTMENT POTENTIAL In prime position in the main shopping centre of this University town and seaside resort. A Mixed Use freehold commercial property with self-contained ground floor shop, currently let to a Barbers at £10,800 per annum on a five year lease. The Self-contained upper floor accommodation requires refurbishment but has planning consent for 3 x 1 bed flats with a market rent of £22,000. Great income provider ideal investment property.
- Shop is let on 5 yr lease
- PP 3 X 1 Bed flats Upper Flrs
- Potenial Markt Rent £32,8000
The property is conveniently located in the centre of the town close to the Railway Station, Post Office and Marine Promenade. The town is the focal point on the West Wales Coast providing the best shopping facilities for a large catchment area, enjoying an excellent reputation as a holiday resort and as an area in which to reside. The premise occupies an excellent position in the centre of the main shopping precinct close to W H Smith/Post Office and next door to Oxfam Shop. The property provides a large display window with separate access door to accommodation above.
The main building is built of solid brick walls under a slated roof..
The property is arranged on four storeys with office accommodation above which is ripe for refurbishment either but benefits from planning consent for 3 x 1 bedroomed self contained units.
Retail Commercial Unit
Modern fitted floor to ceiling arched display windows. Two arched windows to side. Glazed entrance door leading to:
Main Sales Area
15' x 26' (4.57m x 7.92m)
Currently kitted out as a Barbers. 2020 lease for 5 years
Staff Kitchen Area
Low flush WC.
Residential Letting Unit/Office Premises
Arranged on the upper floors and approached by a separate ground floor side entrance door adjoining Portland Road, which
With Utilities Cupboard. electric meters, fire alarm
Stairs leading to:-
Rear Half landing Storage
Formerly a Toilet with small sink
FIRST FLOOR LANDING
Main Front Room 1
14'8 x 16'9 (4.47m x 5.11m)
Two Large window to front with secondary glazing with desk and double wall cupboard between. Old small stainless steel sink unit. Four downlights. Vinyl Flooring. Twin power point.
Rear Old Kitchen/Room 2
10'10 x 9'7 (3.30m x 2.92m)
Window to side. Fitted Cupboard.
Approached by enclosed staircase to:
Rear Half Landing
14'3 x 8'2 (4.34m x 2.49m)
Window to side. Vanity Unity with sink and tiled back. Toilet Cubicle with low flush w.c.
Approached by turn style staircase to Landing with Access to Attic.
Rear Half Landing
Front Room 5
10'10 x 6'7 (3.30m x 2.01m)
Velux window. .
Other front Room 6
14' 7 x 10'4 (4.27m 0.18m x 3.15m)
Velux Window. Strip Light.
Full Planning consent A180067 was passed on the 09-01-2018 for change of use into 3 x 1 bed flats with plans available.
The upper floors are currently classed as Offices the rateable value is £4400.
Mains electricity, water and drainage. Telephone subject to BT Terms & Conditions.
Ideal investment property located in one of the best trading streets of town. Good mix of retail and residential income. Alternatively will appeal to owner occupier subject to excising tenancies.
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.
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.