A Mixed Use Town Centre Investment Comprising a Ground Floor Barber Shop with First & Second Floor Ancillary Accommodation Subject to a Lease Producing £9,000 per annum. Potential for Conversion of the Upper Parts to Residential (Subject to Obtaining all Relevant Consents).
The property comprises a mid terrace building arranged over ground and three upper floors (including attic). The tenant has recently refurbished the property spending in excess of £20,000 (as advised by the vendor). The upper parts benefit from separate side access.
The property occupies a busy trading position within a pedestrianised town centre shopping parade. Nearby multiples include Boots and Superdrug. Transport links are provided by the nearby A487. Caernarfon is a popular tourist destination and the famous Caernarfon Castle is a short walk away.
Ground Floor (861 sq ft) Shop Area, Refrigerated Store, WC, Large Rear Area, Refrigerated Container First Floor (344 sq ft) Two Rooms First Floor (344 sq ft) Two Rooms Third Floor (215 sq ft) Attic Room (Restricted Height)
The property benefits from a shared yard
The entire property is let on a 15 year FRI lease commencing 2019 at a rent of £9,000 per annum. There are no rent arrears. There is a 3 month rent deposit.
Current Rent Reserved
Current Rent Reserved £9,000 per annum
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.