COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 28 October 2020

The Former Commercial Inn, Cilcennin, Nr Aberaeron, Ceredigion, SA48 8RF

*Guide | £110,000 + (plus fees)

  • Residential Development
  • Tenure: See Legal Pack

Call the team on 02920 475 184 for more information

Auction Date

Wed 28/10/2020

Auction Time

12:00

Auction Venue

ONLINE ONLINE,

Development Opportunity

A substantial former Grade II Listed village inn with adjacent former restaurant and living accommodation above benefiting from full planning for conversion of the current accommodation to 3 x 2 Bedroom units which will be spread over three floors of accommodation (one of which has been developed and is currently let) along with a 1 bedroom ground floor unit. The property also has the benefit of a good size car park which provides generous off-road parking. Alternatively, the property would suit a new business occupier or trade once more as a licenced premise subject to all usual consents. The building is located within the rural village community of Cilcennin in the Aeron Valley, approximately 4 miles from the Georgian harbour town of Aberaeron which benefits from a comprehensive range of shopping facilities and schools. The larger towns of Aberystwyth and Lampeter are also easily accessible.

Tenure

See Legal Pack

Ground Floor

Lounge with bar, separate bar open to lounge, two further rooms.

Lower Ground Floor

Extensive cellar area with partial natural light and rear access. Male and female w/c’s.

First Floor

Landing, four rooms, bathroom.

First Floor Flat

Accessed from an external staircase to the first floor. Hall, lounge with staircase to second floor, kitchen, shower room, two bedrooms.

Second Floor

Large loft room following on from the first floor flat accommodation.

Outside

Recessed forecourt with further area to one side and large car park with yard to the other.

Tenancies

The already developed unit is currently let on an AST (assured shorthold tenancy) at £425 per calendar month, therefore the property is already producing an annual income of £5100 per annum.

Viewing Schedule

Please contact Joint Auctioneers Morgan & Davies (Aberaeron) on 01545 571600. Plans are available from the auctioneer’s office. Please email southwales@auctionhouse.co.uk to obtain a copy.

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Ceredigion County Council

Solicitors

ADVE Solicitors, 33 High Street, Lampeter, SA48 7BB, Ref: Manon Fflur, Tel: 01570 422233

Additional Fees

Buyer's Premium - 1% inc VAT of the purchase price payable on exchange of contracts.

Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £840 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.