1-5 Abergele Road, Colwyn Bay, Conwy, LL29 7RS
![Town & Country Property Auctions, Wrexham - Auctions](https://media.rightmove.co.uk/186k/185198/branch_logo_185198_0007.png)
- PROPERTY TYPE
Apartment
- BEDROOMS
5
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Superb Investment Potential
- Town Centre Location
- Tenanted Retail Space With 2 Vacant Apartments Above
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 19:25.
ATTENTION INVESTORS! INVESTMENT OPPORTUNITY POTENTIALLY GENERATING £25000 PER ANNUM EXCLUSIVE.
A Substantial Three Storey Building In A Prominent Position Within A Popular North Wales Coastal Town, And Which Is Currently Licenced As A House In Multiple Occupation. Comprising A Ground Floor Unit, Currently Let As A Cafe, And One Three Bedroom And One Two Bedroom Apartment, Both Of Which Are Currently Vacant. An Opportunity To Purchase A Property With An Excellent Overall Potential Rental Income Of Circa £25000 Per Annum.
Description
This substantial three storey property is located within Colwyn Bay town centre and within 5 minutes walk of the seafront. The A55 expressway is easily accessible, providing access to all surrounding areas on North Wales.
The ground floor is currently occupied as a Cafe under a 15 Year Lease from 26 February 2015 on Tenant's Internal Repairing and Insuring Terms at A Rent of £8000 Per Annum Exclusive. There is Provision For The Rent To Be Reviewed At the End Of Every Third Year Of The Term And For A Contribution Towards Communal Repairs And Maintenance By Way Of A Service Charge.
The Two Apartments Are Currently Vacant. Both benefit from central heating systems and fitted kitchens and are accessed off a communal staircase which benefits from a fire alarm system and emergency lighting.
ACCOMMODATION
Ground Floor 106.23 sq.m (1144 sq.ft.)
Basement 23.11 sq.m. (249 sq.ft.)
W.C's
Apartment 1
Entrance hallway. Wall mounted boiler
Kitchen - Wall and base units with built in electric oven and hob and extractor.Single drainer sink unit. Vinyl floor. Radiator
Lounge area - Bay window. Radiator
Bedroom 1 - Bay window. Radiator
Bedroom 2 - Window to rear. Radiator
Bathroom - Shower, wash hand basin, wc, heated towel rail, window to rear.
Apartment 2
Entrance hallway - Wall mounted boiler. Radiator
Lounge/Kitchen - Part laminate/part tiled floor. Bay windows to front and side, with part sea view. Radiator. Fitted wall and base units to kitchen area incorporating integral electric oven and hob, extractor hood and single drainer sink.
Bedroom 1 - Window to front. Radiator. Walk in cupboard
Bedroom 2 - Windows to front and side. Radiator
Bedroom 3 - Window to front. Radiator.
Bathroom - Bath with shower over. WC, Wash hand basin, Heated Towel Rail.
THIS SALE WILL BE SUBJECT TO VAT AT THE APPROPRIATE RATE
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 Bidding- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
1-5 Abergele Road, Colwyn Bay, Conwy, LL29 7RS
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Colwyn Bay Station0.1 miles
- Llandudno Junction Station3.5 miles
- Glan Conwy Station3.5 miles
About the agent
PUT YOUR HOME UNDER THE HAMMER! Sell your property FAST, NO FUSS and FREE.
Town & Country property auctions offer a free service to the growing number of people choosing to sell their property quickly and easily through our traditional and modern auction methods.
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
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 256869. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.