Auction House London

Lot 68

Mixed Use - Commercial Property 

16 Pool Street

Caernarfon, Gwynedd, LL55 2AB

£70,000+

Guide Price (plus fees)

A Mixed Use Town Centre Investment Comprising a Ground Floor Barber Shop with First & Second Floor Ancillary Accommodation Subject to a Lease Producing £9,000 per annum. Potential for Conversion of the Upper Parts to Residential (Subject to Obtaining all Relevant Consents).

Description

The property comprises a mid terrace building arranged over ground and three upper floors (including attic). The tenant has recently refurbished the property spending in excess of £20,000 (as advised by the vendor). The upper parts benefit from separate side access.

Tenure

Freehold

Location

The property occupies a busy trading position within a pedestrianised town centre shopping parade. Nearby multiples include Boots and Superdrug. Transport links are provided by the nearby A487. Caernarfon is a popular tourist destination and the famous Caernarfon Castle is a short walk away.

Accommodation

Ground Floor (861 sq ft)
Shop Area, Refrigerated Store, WC, Large Rear Area, Refrigerated Container

First Floor (344 sq ft)
Two Rooms

First Floor (344 sq ft)
Two Rooms

Third Floor (215 sq ft)
Attic Room (Restricted Height)

Exterior

The property benefits from a shared yard

Tenancy

The entire property is let on a 15 year FRI lease commencing 2019 at a rent of £9,000 per annum. There are no rent arrears. There is a 3 month rent deposit.

Current Rent Reserved

Current Rent Reserved £9,000 per annum

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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Prospective Viewers are Advised that the Property is Open During Standard Trading Times
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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