*** A quality, residential and commercial investment property *** Producing a substantial and lucrative income stream *** Occupying outstanding coastal position on the Cardigan Bay coastline *** Expansive views along the Borth seafront, towards Aberdovey and south towards Aberystwyth ***
A most valuable and income deriving residential and commercial investment opportunity on the Cardigan Bay coastline and for sale for the first time since being developed. For sale as a going concern. Comprising of 11 let apartments, arranged over 4 storeys and each providing well maintained accommodation and including, on the ground floor, former Tourist Information Centre, suitable either as a commercial investment or for owner occupation or alternatively, the possibility to convert as a further residential apartment.
7 x 2 bedroomed apartments, 4 x 1 bedroomed apartments. Fine views within a traditionally built building.
Borth is an extremely popular coastal resort on the Cardigan Bay coastline, just 6 miles north of the University town, coastal resort and administrative centre of Aberystwyth. All usual amenities are within close proximity.
The property will be found on the sea front at Borth at the entrance to Cambrian Terrace, close to the railway station on the B4353.
The apartments have the benefit of Economy 7 heating, internal communal stairwell.
The apartments are currently let on 6 month Assured Shorthold Tenancies of varying lengths. A full schedule can be provided on application together with a schedule of payable rents. At present the property derives an income of circa £62,760 per annum. Note: This excludes the vacant former Tourist Information Centre on the ground floor.
The property is occupied by a number of tenants that have been in occupation for a number of years being reliable and good quality occupiers. The property can be easily managed either by the owners or by Agents.
As a fully let investment it is thus capable of deriving a very lucrative income stream and for those seeking an up to date, quality, mixed investment, this is the ideal opportunity.
There is much scope due to the unique location of the premises to diversify potentially into holiday letting and the coastal position almost adjacent to the extensive Borth beach, provides a unique appeal to this property.
For further information please contact the sole selling Agents Morgan and Davies Telephone: Harford Square, Lampeter - ref: Andrew J Morgan
The apartments are currently let on a 6 month Assured Shorthold Tenancies of varying lengths. A full schedule can be provided on application together with a schedule of payable rents. At present the property derives an income of circa £62,760 per annum. As a fully let investment, thus, capable of deriving a very lucrative income stream.
Note: This excludes the vacant former Tourist Information Centre on the ground floor.
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