****FOR SALE BY MODERN METHOD OF AUCTION; STARTING BID PRICE £125,000 PLUS RESERVATION FEE**
BRILLIANT INVESTMENT OPPORTUNITY. This substantial retail unit with self-contained flat (presently let at £600 pm) is situated in a prominent position near the Post Office in the centre of the town.
Pwllheli is a thriving market town and seaside resort situated on the south side of the Llyn peninsula and boasts excellent amenities including leisure centre, golf course and the award winning marina.
The substantial terrace building offers an excellent investment opportunity and briefly comprises of the following:
GROUND FLOOR: Front retail area with kitchen and store area. Toilet - SUBJECT TO NEW COMMERCIAL LEASE WITH THE CURRENT BUSINESS OWNER, TERMS TO BE AGREED.
FIRST FLOOR & SECOND FLOOR: Self-contained flat which briefly comprises:- Kitchen. Lounge. Dining room. Toilet. Shower room. Three bedrooms.
This property is for sale by the North West Property Auction powered by iam-sold Ltd
Shop Floor Space
Shop floor space with entrance door and full height front window. Door to under stairs storage cupboard having access door to self contained flat.
Rear stock area with kitchen sink, stock shelving and door to rear passageway. Separate W.C
SELF CONTAINED FLAT
With high level w.c. Hand wash basin.
Radiator. Fitted units incorporating single drainer stainless steel sink unit with mixer tap. Ceramic hobs and cooker. Space for refrigerator. Space for dishwasher.
2.36m x 3.91m (7'9 x 12'10)
Radiator. Traditional sliding sash windows.
3.63m x 3.94m (11'11 x 12'11)
Maximum measurements. 'L' shaped room. Radiator. Shelves in alcove. Stairs to:
4.29m x 3.99m (14'1 x 13'1)
Electric shower. Pedestal washbasin. Radiator. Extractor fan.
Bedroom 2 (Front)
Window to the front. Radiator.
2.39m x 3.96m (7'10 x 13'0)
3.76m x 3.96m (12'4 x 13'0)
Bedroom 3 (Rear)
Maximum measurement. 'L' shaped room.
4.42m x 4.09m (14'6 x 13'5)
ENERGY PERFORMANCE CERTIFICATE
The property has an EPC rating of D, 83
We understand that mains water, electricity and drainage are connected to the property. Prospective purchasers should make their own enquiries as to the suitability and adequacy of these services.
We understand that the property is freehold subject to a business tenancy of the ground floor shop (to be discussed) and with vacant possession of the self-contained flat.
This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 56 days to achieve exchange of contracts and complete the transaction from the date the buyer’s solicitor is in receipt of the draft contracts. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.2% subject to a minimum of £6,000 including VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Legal Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is generally no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by the North West Property Auction powered by iam-sold Ltd
For sale by Modern Method of Auction Freehold Investment Opportunity
Seaside Market & Marina Town Three Bedroom Self-Contained Flat Town Centre Shop