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Property Reference:   LL4288 Price: £325,000
Location:  18,20 & 22 Watling Street, Llanrwst, Conwy, LL26 0LS - SALE AGREED Category: Sales
Type: Commercial Number of Bedrooms:
 

Details:
A substantial retail and residential investment opportunity in a prime setting within this popular market town in the Conwy Valley.

This substantial premises comprises 3 original premises currently combined to form one large ground floor retail area together with 5 self contained residential units above.

Located in a busy and central location within the town centre with rear access and small parking area.

Full description:
LOCATION

The property is located within the traditional market town of Llanrwst convenient for all amenities, shops, restaurants, doctors surgery. Approximately 4 miles to the picturesque village of Betws Y Coed.



ACCOMMODATION

Description: Currently the ground floor is occupied in its entirety as one large retail premises with rear secure store room by the long established home decorating business - current owner has been in occupation for decades. The whole premises has undergone extensive upgrading in recent years including full facelift of front elevation and shop frontage.

There is an opportunity to acquire number 18 and 20 as a block and number 22 as a separate sale if required.

Number 18 & 20 Large shop premises together with rear secure store and four self contained 1 bedroom flats above. All flats are occupied under assured short hold tenancies providing regular income.

Number 22: Ground floor shop premises with separate access leading to first and second floor 3 bedroom maisonette which is currently let under a assured short hold tenancy providing income. Rear yard area providing limited parking space and external staircases for access to flat.

Accommodation:

Ground Floor Retail: Extending to approximately 118m sq in total with large display windows facing onto Watling Street.

Rear Kitchen: 10'2" x 12'10" (3.11 x 3.9) Single drainer sink. Rear door and window.

Rear Store: 20'4" x 12'2" (6.2 x 3.7) Shelving and storage area.

Small Store Room: Safe storage and WC.

Rear Yard: Parking for 2 vehicles.

FLATS

Number 18: External staircase leading to communal entrance hallway.

Flat 1: Entrance Hall

Living Room: 14'9" x 10'8" (4.49 x 3.25) Large front bay window.

Kitchen: 12'6" x 6'11" (3.81 x 2.12) Base and wall units.

Bedroom 1: 11'1" x 7'3" (3.38 x 2.22)

Bathroom: Three piece suite.

Flat 2: Entrance Hall.

Kitchen: 6'11" x 12'4" (2.1 x 3.76) Base and wall units.

Lounge: 10'4" x 14'4" (3.16 x 4.37)

Bedroom: 7'8" x 11'0" (2.34 x 3.35)

Bathroom: Three piece suite with shower above bath.

Number 20: External staircase. -

Communal entrance hallway

Flat 1:

Kitchen

Living Room

Bedroom

Bathroom

Flat 2: Entrance Hallway

Lounge: 13'8" x 8'0" (4.16 x 2.45)

Kitchen: 10'6" x 7'2" (3.19 x 2.18)

Bedroom: 10'5" x 7'10" (3.18 x 2.38)

Bathroom: Three piece suite.

Number 22:

Ground Floor Entrance Hallway: Rear door leading to outside yard. Staircase leading up to first and second floor level. The property benefits from gas fired central heating.

First Floor

Hallway

Dining Kitchen: 13'0" x 11'1" (3.96 x 3.39) Fitted range of modern base and wall units, single drainer sink, electric cooker point; wall mounted central heating boiler.

Lounge: 16'11" x 14'1" (5.15 x 4.28) Windows overlooking front; radiator.

Second Floor - Landing

Bedroom 1: 14'1" x 8'6" (4.3 x 2.6) Overlooking front.

Bedroom 2: 10'7" x 8'0" (3.23 x 2.43) Overlooking front.

Bedroom 3: 9'3" x 7'1" (2.81 x 2.15) Built-in wardrobe; overlooking rear.

Bathroom: Three piece suite with shower above bath; radiator.

RENTALS: All flats and maisonettes are currently let out April 2018 with rental income ranging from £37.00 - £100.00 per week.

Services: Mains water, electricity and drainage are connected; gas fired central heating is including in Maisonette (Number 22).

Tenure: Freehold. The sale is based on vacant possession available for ground floor premises and the new buyer may want to keep hold of the existing tenants which occupy short hold tenancies.

Rateable Value: Shop Premises: £8,700 - Rates payable is £4471.00 less small business relief = £2012.51 for 2018/2019

Agents Note: We are informed that number 22 has a current gas certificate and the fire alarm system and fire extinguishers are annually maintained as part of a service maintenance contract.

Viewing: Strictly by appointment through the agent Iwan M Williams, 5 Denbigh Street, Llanrwst, LL26 0LL - Telephone number 01492 642551.

Directions: The property is located on Watling Street on the right hand side just after Metcalfe's the butchers
 
Viewing:
By appointment through Iwan M Williams
Important Notice:
Iwan M Williams for themselves and for the Vendors of the property whose agents they are give notice that:-

The particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers and do not constitute part of, an offer or contract. Prospective purchaser(s) and lessees ought to seek their own professional advice.

All descriptions, dimensions, areas, reference to condition and if necessary permission for use and occupation and their details are given in good faith and are believed to be correct. Any intending purchaser(s) should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them.

No person in the employment of Iwan M Williams' has any authority to make or give any representation to warranty, whether in relation to this property or these particulars, nor to enter into any contract relating to the property on behalf of the vendor.

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Charlton Stores, 5 Denbigh Street, Llanrwst, Conwy  LL26 0LL T:+44(0)1492 642551   Fax: +44(0)1492 642501
© Iwan M Williams - All Rights Reserved
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