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Terraced house for sale
40 Great Darkgate Street, Aberystwyth, Dyfed, SY23 1DE
£160,000
40 Great Darkgate Street, Aberystwyth, Dyfed, SY23 1DE
£160,000
Our Summary
- FOR SALE BY PUBLIC AUCTION: The auction will take place online on 10th December 2024 at 04:00 PM with registration through our website
- Four storey commercial investment property in the centre of Aberystwyth with possibility of further development to the vacant upper floors
- Description Four storey commercial investment property in the centre of Aberystwyth with possibility of further development to the vacant upper floors
- The top two floors have been left unused and boarded up for many years but could provide further commercial or residential accommodation (subject to any necessary consents)
- The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price
- Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction
Description
This four-storey commercial investment property in Aberystwyth's city center is being sold by public auction on December 10, 2024. The property is currently let to a national chain, Accessorize Ltd, for £20,000 per annum, representing an initial gross yield of 12.5%. The building spans approximately 2,400 square feet over four floors, with a large ground floor retail area, storerooms, and office space. The top two floors have been left unused and could be developed for further commercial or residential use, subject to necessary consents. The property is situated in a prime location, close to local and national brands, and has a long history of occupation by Accessorize Ltd, with a lease until October 2027.