End terrace house for sale

Pool Street, Caernarfon, Gwynedd LL55

Commercial Premises with Residential Development Potential

For Sale with No Onward Chain

Occupying a prime corner position within the heart of Caernarfon's thriving town centre, this substantial three-storey commercial premises presents an exceptional opportunity for investors, developers and business owners alike. Situated amongst a strong mix of national retailers including Boots, Greggs and Card Factory, the property benefits from excellent footfall, visibility and accessibility.
Currently arranged as a spacious retail unit with extensive ancillary accommodation, the property offers considerable flexibility and significant scope to enhance value through both commercial and residential development.
The generous ground floor retail space enjoys prominent frontage onto Pool Street, providing an ideal setting for a variety of business uses. Beyond the retail area are substantial storage facilities spread across the upper and lower floors, creating opportunities for expansion, reconfiguration or alternative uses.
A particularly attractive feature is the property's development potential. The side entrance located in the alley way between Pool St. And Pool Hill allows the upper floors to be independently accessed from the commercial element below. This opens the possibility of creating a two bedroom residential accommodation above the retail premises, offering purchasers the opportunity to generate additional rental income or create a mixed-use investment, subject to any necessary consents.
We have received correspondence from Gwynedd Planning Service confirming that the provision of a flat above a shop constitutes permitted development. As such, planning permission would only be required for any proposed conversion of the basement level into a studio, which benefits of its own separate entrance on Pool Hill St (currently boarded).

Properties offering this combination of town centre prominence, commercial flexibility and residential development potential are rarely available. Early viewing is highly recommended to fully appreciate the scale of the opportunity on offer.

EPC: Agent's Notes:
''Please note that an aml fee is chargeable once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.''