2 x Part let Mixed Use Investment/Development Opportunities

An opportunity to acquire a mid and end of terraced mixed use Grade II Listed properties. We are advised that both properties offer 6 x 1 Bedroom apartments, three of which are currently let, the other three require upgrading. There are 2 x retail units along with a bakery to the rear of 16 Bangor Street. We still await confirmation of income; the tenancies will be supplied within the legal pack, and we ask you to refer to the pack for confirmation. The buildings are located in the centre of this historic town known as Caernarfon, which benefits from a number of local and national retailers along with other service providers. In our opinion, the purchase would make a great investment or development opportunity, by means of upgrading the current residential accommodation, and re-letting of the commercial accommodation and possible development/letting of the former bakery (subject to all usual consents).

Tenure

Freehold

EPC

No.14 Bangor St Commerical - B Flat 1 - D Flat 2 - D Flat 3 - D No.16 Bangor Street Commercial - C Flat 1 - E Flat 2 - D Flat 3 - G

Council Tax Band - A (Flats)

Tenure Freehold Tenancies - To be confirmed

Viewings

Via our partner agents Dafydd Hardy - 01248 711999.

Energy Efficiency Rating (EPC)

Current Rating See Property Description

Local Authority

Gwynedd County Council

Solicitors

Howells Solicitors, Fitzalan House, Ref: Howells Solicitors, Tel: 029 2040 4020

Additional Fees

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 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.