Property for sale in North Parade, Aberystwyth SY23

Guide price £320,000
Property for sale - 3 bedrooms 3 1 1
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Property description

A wonderful opportunity has arisen to acquire a well positioned investment property comprising of ground floor shop together with 3 bedroomed maisonette over deriving a good income (EER tbc)

A wonderful opportunity has arisen to acquire a well positioned investment property comprising of ground floor shop together with 3 bedroomed maisonette over deriving a good income.

We are pleased to offer for sale this well positioned commercial property situated on the northern edge of North parade on a busy juncture with excellent passing trade comprising of a ground floor retail shop trading as ‘Premier Express’ let under a 20 year lease with 10 years unexpired. There is a side access leading to the 3 bedroomed maisonette which provides for comfortable family accommodation. The total income derived from this property is approximately £16,000 per annum. The HMO licence for the maisonette has recently expired and a new licence has been applied for.

Aberystwyth is a thriving university and market town which has under gone considerable redevelopment over recent years. This property conveniently situated to major employers on the Aberystwyth High St and also to the University, National Library of Wales and Bronglais hospital.

Tenure:

Freehold. Maisonette is let under an assured shorthold tenancy. The shop is let under a 20 year lease (10 years unexpired).

Services:

All mains services are connected.

Viewing:

Strictly by appointment with the selling agents; Aled Ellis & Co, 16 Terrace Rd, Aberystwyth. Or

77 North Parade provides for the following accommodation. All room dimensions are approximate. All images have been taken with a wide angle lens.

Retail Shop Premises

Approximately 360 sq ft retail area with window displays to both North Parade and Thespian St. The tenants trade as ‘Premier Express’ selling alcohol, tobacco, newspaper and general stores.

Side Access To

Hallway

With door to shop and stairs to first floor accommodation.

Half Landing

With doors to

Separate Wc

Main Landing

With stairs to 2nd floor accommodation, radiator, airing cupboard and door to

Living Room/ Kitchen (5.18m x 4.45m (17' x 14'7))

Living Area

A fireplace with gas fire and 3 windows to fore.

Kitchen Area

Comprises of single drainer sink unit, range of base units with appliance spaces and worktops over. Eye level units and cooker point. Laminated floor and radiator.

Bedroom 1 (3.89m x 3.38m (12'9 x 11'1 ))

With window to side, vanity unit and radiator.

Second Floor Accommodation

Landing

With doors to

Bedroom 2 (3.40m x 3.96m (11'2 x 13'))

With fitted wardrobe, sloping heading, window to side and radiator.

Bedroom 3 (2.74m x 4.42m (9' x 14'6))

With window to fore, sloping heading, window to side, and radiator.

Shower Room (3.28m x 2.26m (10'9 x 7'5))

Comprising shower cubicle with Triton shower, wash hand basin and wc. Window to fore and radiator.

Externally

Access to

Shared Rear Yard

With outside wc.

Directions

On foot from the office bear left and turn right onto North Parade (Tesco Express) proceed down the street and the property is the last property on your right hand side on the juncture with Thespian St and opposite Northgate St.

Agents Comments

A well positioned investment property, well worthy of inspection.

Property info

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For more information about this property, please contact
Aled Ellis & Co Ltd, SY23 on +44 1970 580970 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Aled Ellis & Co Ltd, and do not constitute property particulars. Please contact Aled Ellis & Co Ltd for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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