A substantial commercial site situated on the edge of Cardigan Town, in West Wales offering income potential from tenants of established businesses and storage facilities already on site. This is a ready made business for someone looking for an investment opportunity.
Consisting of 3 large Warehouses, accessed by and interconnected with roller doors, sectioned off in parts to offer; 17 secure lock up storage/workshops, generating monthly rental income of between £100-£300/month (depending on size), Warehouse 1 has an upper floor, of around 8,000 sq feet, which generates £300 a month rental income. The remaining warehouse space is currently used as storage for caravans, boats and cars (earning revenue of £50/£35/£30/month respectively). To the front are 2 Retail units, both housing well established businesses generating monthly rental income of £450/£550/month. There is rear access to the storage of these retail units from Warehouse 3.
Above the retail units are 6/7 office spaces, each generating around £200/month income, toilets and communal kitchen area (in need of updating and modernising). Above the main site is an additional car parking space, which is rented out and generating £300/month.
The main structure of the warehouses are mainly box profile with a mix of block and brick work and profiled steel cladding to some walls. The whole site sits on around 1.75 acres of grounds and has a gated access, tarmac drive with parking spaces, and secure fencing all around.
The property is being sold with the existing tenants and agreements in place.
Information about the area:
Please read our Location Guides on our website for more information on what this area has to offer.
Viewings: By appointment only. We would respectfully ask you to contact us before you view this property internally or externally.
Rateable value; £24,000 rates paid £11,000. Ceredigion County Council
tenure: We are advised that the property is freehold
general note: Please note that all floor plans, room dimensions and areas quoted in these details are approximations and are not to be relied upon. Any appliances and services listed on these details have not been tested.
Services: We have not tested any services to this property. We are advised that this property benefits from Mains Water, Mains Electric
Cardigan Bay Properties, its clients and any joint agents give notice that 1: They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. All photographs are taken using a digital camera with a wide angled camera lens. It should not be assumed that the property has all necessary planning, building regulation or other consents and Cardigan Bay Properties have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.