Terraced house for sale
Key information
Property description & features
- Tenure: Freehold
Four storey commercial investment property in the centre of Aberystwyth with possibility of further development to the vacant upper floors. Currently let to a national chain for £20,000 pa representing an initial gross yield of 12.5%.
Description
Four storey commercial investment property in the centre of Aberystwyth with possibility of further development to the vacant upper floors. Currently let to a national chain for £20,000pa representing an initial gross yield of 12.5%.
The building itself extends to approximately 2400sqft (223sqm) over four floors and comprises a large ground floor retail area, with a store room to the rear of the shop. There is also a covered alleyway/corridor giving direct access from the shop and rear access to the upper floors. To the first floor is a further storeroom, kitchen, office and WC plus service cupboard.
The top two floors have been left unused and boarded up for many years but could provide further commercial or residential accommodation (subject to any necessary consents). They briefly comprise two large rooms to the third floor and three rooms to the fourth floor. To the rear there is a pedestrian access gate and small year yard.
We are informed that the property is let to Accessorize Ltd until October 2027 at £20,000pa and that Monsoon/Accessorize have been in occupation for approximately 18 years. Please consult the legal pack once available for confirmation of the tenancy.
40 Great Darkgate Street is situated in the retail centre of Aberystwyth and is close to a number of local and national brands such as Waterstones, New look, Superdrug and Starbucks.
Accommodation
GF - Main retail area, rear store, access corridor.
FF - Landing, store room, kitchen, office, WC.
SF - Landing, two rooms.
TF - Landing, three rooms.
OS - Rear pedestrian access, rear yard.
Informed Freehold please refer to legal pack for verification of tenure
Additional Fees
Buyer’s Premium – 1.2% with a minimum of 1,200.00 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Further Information
Auctioneers Office, Seel and Co[use Contact Agent Button]
Viewing
Viewing by appointment with Seel and Co -[use Contact Agent Button] or Alexanders[use Contact Agent Button]
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Energy Performance data and Internal floor area
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