Christchurch, Llewelyn Avenue, Llandudno, Gwynedd, LL30 2ER
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Investment Property
- Coastal Town Location
- Gross Yield Circa 11.5%
- Potential For Future Rental Growth
Description
For sale by unconditional online auction on the 29th of August 2024.
Registration is now open, bidding opens on 29th of August at 17:30 and ends on 29th of August at 18:15.
A Detached Grade II Listed Former Church Building, Having Been Converted And Reconfigured Over The Past 15 Years To Provide A Children's Play Centre With Day Nursery. Currently Let Under A 10 Year Lease From October 2023 At A Rent Of £16000 Per Annum Exclusive On Tenant's Internal Repairing And Insuring Terms. Provision For A Rent Review At The End Of The Fifth Year Of The Term.The Ground Floor Has Been Sub-Let As A Day Nursery. A Superb Opportunity To Purchase An Investment Property With Potential For Future Growth, Producing A Current Gross Yield Of Circa 11.5%
Description
The property is located at the junction of Llewelyn Avenue and Abbey Road on the northern fringe of Llandudno town centre in a relatively mixed-use area. Llandudno is an established coastal resort on the Irish Sea coastline. The property comprises a detached Grade II Listed former church building, understood to have been constructed in the mid-nineteenth century in a Gothic style with stone elevations beneath a multi pitched slate covered roof.
The internal accommodation has been converted and reconfigured over the last 15 years to provide a children's play centre with day nursery.
We understand that the property is held Freehold (Title Number CYM210589)
Tenure
Freehold
Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.
Auction Information.
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Material Information
Material information will be provided within the legal pack- to download visit our website tcpa.co.uk.
Auctioneer Notes
The vendor reserves the right to withdraw the property for sale before the auction end date. Cash buyers or pre-approved mortgages/finance only.
Brochures
Legal DocumentsOnline BiddingChristchurch, Llewelyn Avenue, Llandudno, Gwynedd, LL30 2ER
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Llandudno Station0.5 miles
- Deganwy Station2.2 miles
- Llandudno Junction Station3.1 miles
About the agent
Town & Country Property Auctions, Wrexham - Auctions
Imperial Buildings King Street Wrexham LL11 1HE
PUT YOUR HOME UNDER THE HAMMER! Sell your property FAST, NO FUSS and FREE.
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Our professional and enthusiastic approach utilises all the latest technologies available combined with our longstanding contacts and dynamic sales methods in successfully and consistently selling property for the highest
Notes
Disclaimer - Property reference 255034. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Town & Country Property Auctions, Wrexham - Auctions. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Town & Country Property Auctions, Wrexham - Auctions on 01978 803835.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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