£127,000

Retail premises for sale

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Auction
Leasehold

Guide price

£127,000

Retail premises for sale

Terrace Road, Aberystwyth SY23

3 beds
1 bath
1 reception

Local area information

Property location

Nearby amenities

  • Aberystwyth 0.1 miles
  • Ysgol Padarn Sant 0.4 miles
  • Ysgol Plascrug 0.6 miles
  • Bow Street 2.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Aberystwyth to find out more about the area.

Features and description

  • Leasehold
  • **for sale by on line auction**
  • ** Aberystwyth Town Centre **
  • ** 300 sq.ft. Retail Unit **
  • ** Prominent High Street Location **
  • ** High level of vehicular and pedestrian activity **
  • ** Large 3 bed town apartment **
**to be sold by online auction**This Auction will be held by our joint Auctioneers - Auction House Wales will open at 12 noon on Monday 5th February and will end midday on Wednesday 7th February.

** 300 sq.ft. Prominent retail premises ** Large 3 bedroom town apartment ** Aberystwyth Town Centre ** Near Boots, wh Smiths, Oxfam and Coffee #1 ** Ideal investment opportunity ** Desirable location ** Located on one of the towns main thoroughfares ** High level of vehicular and pedestrian activity ** Previously a Barber Shop ** Rear staff amenities and Storage **

The property is located on Terrace Road, one of the busiest thoroughfares in Aberystwyth town centre. The town is the main strategic centre for Mid Wales with university, regional hospital, Network Rail connections, Welsh Government and Local Authority offices and traditional high street offerings, supermarkets, retail parks, primary and secondary schools, 6th form education, traditional promenade and access to the All Wales Coastal Path.**

The property benefits from mains water, electricity and drainage. Mains gas connection in Terrace Road.

Business Rates: April 2017 - 25th May 2022 the rateable value was £9,500. The building is not currently rateable.

Auction notes.
Guide price

Guide prices are issued as an indication of the expected sale price which could be higher or lower. The reserve price which is confidential to the Vendor and the Auctioneer is the minimum amount at which the Vendor will sell the property for and will be within a range of guide prices quoted or within 10% of a fixed guide price. The guide price can be subject to change.
Auction guidance

The property will be offered for sale subject to the conditions of sale and unless previously sold or withdrawn and a Legal Pack will be available prior to the Auction for inspection. For further information on the Auction process please see Auction House Guide
Register to bid and legal pack

We advise all Parties to contact/visit to register to bid and to also download the Legal Pack once available
General

A prime investment opportunity located on one of the main town thoroughfares.

The previous quoting rent for the ground floor is £600pcm for the retail area with rear storage.

The 3 bed apartment is currently vacant but was previously rented out at £965pcm (including electric and gas)

The property has the potential to generate approximately £20,000 income per annum.

Please note that the property is leasehold and with approximately 100 years + left on the leasehold, the freehold being Ceredigion County Council.

Main Retail Area
11' 5" x 24' 9" (3.48m x 7.54m) Accessed via glass panelled door and boasting a traditional shop front with floor to ceiling windows providing 8'5'' display window, suspended ceiling with LED lights over, laminate effect flooring, multiple sockets, BT point, rear door into:

Rear Hallway
6' 7" x 8' 2" (2.01m x 2.49m) With radiator.
WC

3' 1" x 5' 7" (0.94m x 1.70m) WC, single wash hand basin, Triton hot water hand wash unit.
Apartment


Having its own side entrance via internal hallway to rear area of the shop where a separate utility room space is provided

Utility Space
7' 7" x 8' 7" (2.31m x 2.62m) washing machine connection point.

Kitchen
7' 8" x 20' 2" (2.34m x 6.15m) with a range of white base and wall units, fitted oven and grill with gas hobs with extractor over, stainless steel sink and drainer with mixer tap, washing machine connection, housing a Worcester wall mounted gas boiler, rear door to flat roof, eating area, side window.
WC

WC, single wash hand basin on vanity unit, radiator.

Inner Hallway

Bedroom 1
11' 1" x 7' 2" (3.38m x 2.18m) double bedroom, radiator, rear window.

Lounge
16' 6" x 10' 6" (5.03m x 3.20m) a good size living room with 2 x windows to front overlooking the adjoining street, radiator, multiple sockets.

Second Floor Landing
with access to loft.

Front Bedroom 2
7' 9" x 11' 5" (2.36m x 3.48m) double bedroom, window to front, radiator, multiple sockets.

Front Bedroom 3
10' 4" x 11' 5" (3.15m x 3.48m) double bedroom, window to front, radiator, multiple sockets.

Bathroom
9' 7" x 12' 1" (2.92m x 3.68m) a large bathroom with corner bath, enclosed tiled shower unit, WC, single wash hand basin, rear window, radiator.
External


To front
The property fronts onto Terrace Road, one of the busiest thoroughfares within Aberystwyth leading through from the railway station to the promenade.
Tenure

The property is Leasehold with over 100 +years remaining.

More information

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  1. Zoopla
  2. Commercial for sale
  3. Ceredigion
  4. Aberystwyth
  5. Terrace Road

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