Heol Maengwyn, Machynlleth, Powys, SY20

Maengwyn Street is the principal shopping street in the historic Mid Wales town of Machynlleth, convenient to the Cardigan Bay coastline and the University Town of Aberystwyth.

Machynlleth benefits from an interesting array of shops, cafes and restaurants with nearby tourist attractions such as Clywedog Reservoir, Snowdonia National Park and the beaches of Cardigan Bay. The resort of Aberystwyth is 18 miles distant.

The property is in need of an element of upgrading and modernisation and this is reflected in the asking price.

The accommodation is spread over 4 floors plus storage basement and the structure of the property is in good order. The ground floor premises and basement have recently been let to a local for Kitchen Door Changers on a 5 year lease. This is let at £8,500 exclusive of outgoings, giving a return in the region of 6% per annum.

The accommodation (see floorplan) briefly includes:

Ground Floor:
Shop Premises 25'4 x 16'8 overall. Air conditioning unit (not tested). Wood block floor. Pair of deep display windows.
Rear Lobby. Stairs to Basement comprising 2 rooms. Separate WC.

First Floor:
Landing. Store Room 8'7 x 5'. Bedroom 1 16'7 x 13'9 with 2 windows. Bathroom with dated fittings (not tested).

Second Floor:
Landing. Lounge 19'9 x 16'9 period fireplace surround. Kitchen 10'8 x 10'6 dated fittings.

Third Floor:
Bedroom 2 27' x 17'6

VAT
The purchase of this property will be subject to VAT at the standard rate.

PLANNING APPROVAL
This was approved on 28th June 2021 and is namely - Change of use of first, second and third floors from a single residential unit into 2.no residential flats at 3 Maengwyn Street, Machynlleth, Powys, SY20 8AA. This is for Full Planning Permission and is valid for 5 years. A full copy of the permission is available on request from the Selling Agents.