- Investment Property
- Mixed Use
- Two Commercial Units + Residential Flat
- Excellent Village Location
CALLING ALL ENTREPRENEURS/INVESTORS! A FANTASTIC INVESTMENT OPPORTUNITY TO PURCHASE A FREEHOLD PREMISES WITH MULTIPLE REVENUE STREAMS CURRENTLY ARRANGED AS 2 COMMERCIAL A3 USE UNITS PLUS FIRST FLOOR RESIDENTIAL ACCOMMODATION , This attractive property is situated in the popular commuter village of Bow Street just 3 miles from Abersytwyth. All units are and offered in excellent order with Public Parking adjoining and side access to rear.
Situation and Location
This premises is situated in a central village location in this favoured residential area of the village. It is situated on the right hand side of the A487 Aberystwyth Machynlleth Trunk Road directly adjoining the Village Hall and Car park
The village provides good amenities to include Primary School, Spar General Stores/Post Office and various other Shops, Public Houses and Place of Worship. A frequent bus service operates to the University Town and Seaside Resort of Aberystwyth, which is some four miles distance and offers option of secondary schools Penweddig Welsh medium or Penglais secondary school. The Coastal Resort of Borth and Ynyslas with its fine sandy beaches are within four miles.
Construction
Traditionally built supporting a slated pitched roof with upvc windows and doors. Single Storey extended to the rear with ancillary rooms and box profile roofing.
TENURE:
The freehold interest is offered for sale subject to the lease of the Butchers and Chinese take away together with periodic tenancy on the first floor flat.
Unit 1a - LOCK UP SHOP
This unit is fantastic for any food/catering business use with Chill Rooms and Preparation Rooms and can be used in conjunction with or separate to the External Rear Unit also has separate access. This part is let on a 6 year lease from March 2020 - rent review every 3 years with 5% rental increase,-with break clause option every 3 years
Sales Area - 26'0" (7.92m) x 11'0" (3.35m) : 286 sqft (26.53 sqm)
Front entrance PVCu Door. Timber panelling to one side, raised customer eating counter. Full length remaining areas green and cream tiled walls with grey tiled floor. Meter Cupboard. Understairs Storage cupboard. Circular light fittings. Step to
Preparation area
Chill Room - 14'3" (4.34m) x 12'7" (3.84m) : 179 sqft (16.67 sqm)
Central Toilet
Shared with Unit 2
Preparation Room - 5'9" (1.75m) x 25'0" (7.62m) : 144 sqft (13.34 sqm)
Useful area with side access. Also providing thoroughfare for Unit 2 to access rear split level external Stores (access to adjoining lean-to store).
OUTSIDE
Lawned Garden with access to side lane. Rear Timber Garden Shed. Central path to
Unit 1b REAR CATERING UNIT
Front Store Shed - 7'8" (2.34m) x 12'2" (3.71m) : 93 sqft (8.68 sqm)
With raised decked area
Kitchen/Prep Room with Chiller Units - 9'2" (2.79m) x 12'2" (3.71m) : 111 sqft (10.35 sqm)
With Walk in freezer room and Fridge Room.
Gated Seperate Side Access
With right of way from Main road
Unit 2 - CHINESE TAKEAWAY
Currently let to a Chinese Takeaway Establishment on a 12 year agreement (commencing 31st March 2024) - rent review every 3 years with 5% rental increase,-with break clause option every 3 years
Sales Area - 11'8" (3.56m) x 24'4" (7.42m) : 284 sqft (26.42 sqm)
With Display Window and timber and glazed front door. Cream painted timber paneling. Red and cream tiled walls.
Ingelnook fireplace with Oak beam. Serving Counter. L shaped Seating area. Downlights. Access to Central Toilet. Step to
Prep area - 7'6" (2.29m) x 12'5" (3.78m) : 93 sqft (8.66 sqm)
With access to
Kitchen - 11'0" (3.35m) x 14'10" (4.52m) : 163 sqft (15.14 sqm)
Prep Room - 0" (0m) x 9'8" (2.95m)
With access to rear Thoroughfare
RESIDENTIAL 2 BED ACCOMMODATION
Currently let on a periodic tenancy
With separate access from ground floor front with stairs to
First Floor
Landing
Hall to
Refurbished Kitchen/Living - 12'7" (3.84m) x 13'5" (4.09m) : 169 sqft (15.71 sqm)
Range of base and eye level units and corner unit incorporating single drainer stainless steel sink with mixer tap, appliance spaces, plumbing for automatic washing machine and tiled splash backs and electric cooker with 4 ring hob with extractor fan over. Radiator and window to rear.
Modern Bathroom - 5'9" (1.75m) x 8'2" (2.49m) : 47 sqft (4.36 sqm)
With shower over bath
Double Bedroom - 12'7" (3.84m) x 8'6" (2.59m) : 107 sqft (9.95 sqm)
With two windows to front and panelled Radiator
Lounge/Bedroom 2 - 13'6" (4.11m) x 12'7" (3.84m) : 170 sqft (15.78 sqm)
With two windows to front and panelled Radiator
Services
Mains Electricity, Gas, Water and Drainage. Gas Fired Central Heating System to First Floor Accommodation
INCOME
£16940 PER ANNUM (based on current letting of the flat and one of the commercial units.
Rates
Unit 1 - Small Business Relief A3 use
Unit 2 - Small Business Relief A3 use
Residential Accomodation - Council Tax Band B
Anti Money Laundering
The successful purchaser will be required to produce adequate identification to prove their identity within the terms of the Money Laundering Regulations. Appropriate examples include: Passport/Photo Driving Licence and a recent Utility Bill.
Important Information
Whilst we endeavour to make our sales details accurate and reliable they should not be relied on as statements or representations of fact and do not constitute any part of an offer or contract. The seller does not make or give nor do we or our employees have the authority to make or give any representation or warranty in relation to the property. Please contact the office before viewing the property. If there is any point which is of particular importance to you we will be pleased to check the information for you and to confirm that the property remains available. This is particularly important if you are contemplating travelling some distance to view the property. We would strongly recommend that all the information which we provide about the property is verified by yourself on inspection and also by your conveyancer, especially where statements have been made by us to the effect that the information provided has not been verified. LLOYD HERBERT & JONES HAVE NOT TESTED ANY ELECTRICAL WIRING, PLUMBING, DRAINAGE OR OTHER APPLIANCES. THE MENTION OF ANY APPLIANCES AND OR SERVICES WITHIN THESE SALES PARTICULARS DOES NOT IMPLY THAT THEY ARE IN FULL AND EFFICIENT WORKING ORDER
Business Rates
Ceredigion County Council, Band A
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
