Flat for sale in Hay-On-Wye, Herefordshire HR3

Property Description

An exciting opportunity to purchase a self contained two bedroom apartment with commercial space located in the centre of Hay-on-Wye.

Property Details

Chancellors is proud to present this property located in the heart of Hay-on-Wye. Situated in a central location, this offering encompasses both commercial and residential spaces, providing investment opportunity.

The ground floor boasts three retail areas, plus a staff toilet. The current shop tenants run a thriving outdoor clothing and walking gear business. With its strategic positioning and high foot traffic, this commercial unit presents an excellent chance to capitalize on the retail atmosphere of Hay-on-Wye.

Ascending to the upper levels, you'll discover a two bedroom flat spread over two floors. The first floor features two reception areas that offer versatile living and entertainment spaces, a kitchen, and a shower room with toilet and washbasin. The second floor comprises two bedrooms and a bathroom, with bath, shower over, toilet and washbasin. Currently, the upstairs flat is utilised for stock storage, for the ground floor business operation.

A further feature of this property is the flat's courtyard garden, providing a outdoor space right in the centre of the town.

It is important to note that the shop tenants have a Commercial Lease that runs until 31st March 2025, thereby ensuring a steady stream of income until then. The shop tenants have also leased the residential flat on a residential Converted Periodic Contract (formerly a Statutory Periodic Tenancy), which is subject to six months notice.

Whether you're an investor looking to benefit from an established retail business, or a homeowner seeking a picturesque dwelling in the heart of Hay-on-Wye, this property caters for both aspirations seamlessly.

Contact us to arrange a viewing and explore the endless possibilities that this property has to offer.
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Property reference 5129990