Retail property (high street) for sale
Property description & features
- Tenure: Leasehold
- * Aberystwyth Town Centre *
- * 300 sq.ft. Retail Unit *
- * Prominent High Street Location *
- * High level of vehicular and pedestrian activity *
- * Large 3 bed town apartment *
* 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.
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.
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Broadband availability and predicted speed: obtained from Ofcom on December 23, 2021
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