Penygarn, Bow Street, SY24
![Morgan & Davies, Aberaeron](https://media.rightmove.co.uk/company/clogo_5459_0002.jpeg)
- PROPERTY TYPE
House
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- 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
- ** Attention investors **
- ** Prime mixed use investment opportunity **
- ** Long standing tenants **
- ** Large 2 bed apartment **
- ** Chinese takeway **
- ** A unique opportunity not to be missed **
Description
** Attention investors ** Prime mixed use investment opportunity ** Long standing tenants ** Currently with vacant A3 unit but suitable for a range of A1, A2, A3, B1, B2 uses ** Walking distance to village amenities ** Useful range of outbuildings ** Large 2 bedroom apartment ** Popular coastal village strategically positioned on the A487 ** Currently arranged as 2 commercial A3 units plus first floor residential accommodation ** Well maintained ** Enjoying excellent street frontage ** A UNIQUE OPPORTUNITY NOT TO BE MISSED **
The property is situated within the popular village of Bow Street positioned on the edge of the larger strategic town of Aberystwyth along the A487. The village offers a good level of local amenities and services including primary school, general shop and post office, public houses and place of worship and enjoys excellent public transport connectivity by the bus and rail network. The university town of Aberystwyth is some 5 minutes drive from the property offering secondary schools, 6th form college, regional hospital, National Library of Wales, Welsh Government and Local Authority employment opportunities, traditional high street offerings, retail parks, industrial estates and excellent leisure facilities.
We are advised the property benefits mains water, electricity, gas and drainage. Gas fired central heating to 1st floor accommodation.
Rates - Unit 1 - small business relief A3 use.
Unit 2 - small business rate relief A 3 use.
Residential accommodation - Council Tax Band B.
Unit 1A - Lock Up Shop
11' 3" x 43' 1" (3.43m x 13.13m) offering 500 sq.ft. of prime retail space accessed via glass panel door, tiled flooring, understairs cupboard, space for large trading appliance and serveries, rear service area with access to rear storage room.
Rear Storage Area/Cold Room
12' 2" x 7' 7" (3.71m x 2.31m) Rear storage area/prep area 5'8'' x 14'6'' with tiled flooring, rear glass doors, window to garden, water and electric connections.
Central Toilet Area
Shared with Unit 2.
UNIT 2 - CHINESE TAKEAWAY
Currently let to a chinese takeaway secured on a 12 year agreement (from 31st March 2023) with rent review clause every 3 years with 5% rental increase - with break clause option every 3 years.
Sales/Takeaway Area
11' 8" x 24' 4" (3.56m x 7.42m) with large display window and timber glazed front door, painted timber panelling, red and cream tiled walls, inglenook fireplace with oak beam over, front serving counter, 'L' shaped seating area, access to central toilets and stepped up to:
Prep Area
7' 6" x 12' 5" (2.29m x 3.78m) with access to:
Kitchen
11' 0" x 14' 10" (3.35m x 4.52m)
Prep Room
With access to rear prep room, rear door to garden and storage rooms/workshops.
RESIDENTIAL ACCOMMODATION
Currently let on a periodic tenancy with separate access from the ground floor front with stairs to:
Hall to -
Refurbished Kitchen/Living Room
12' 7" x 13' 5" (3.84m x 4.09m) with a range of modern base and wall units, stainless steel sink and drainer with mixer tap, under larder appliance space, plumbing for washing machine, tiled splash back, electric cooker with extractor fan over, radiator, window to rear garden.
Bathroom
5' 9" x 8' 2" (1.75m x 2.49m) with shower over bath, single wash hand basin, WC.
Double Bedroom
12' 7" x 8' 6" (3.84m x 2.59m) with 2 windows to front, panel radiator.
Lounge/Bedroom 2
13' 6" x 12' 7" (4.11m x 3.84m) with 2 windows to front, panel radiator, multiple sockets.
To Front
The property is approached via the A487 with footpath access to the front and vehicular right of way along the property to the rear garden area. Footpaths leading through to rear storage/catering units.
Store Shed
7' 8" x 12' 2" (2.34m x 3.71m) with raised decked area to fore.
Kitchen/Prep Room
9' 2" x 12' 2" (2.79m x 3.71m) with chiller units, walk-in freezer room and side fridge room.
Accessed via right of way from the main road.
Concrete pad in place for another shed (where previous shed used to stand).
INCOME
We are advised that the current rental income for the property (based on the current letting of 1 flat and 1 commercial unit) is £16,940 with potential for additional income.
MONEY LAUNDERING REGULATIONS
The successful purchaser will be required to produce adequate identification to prove their identity within the terms of the Money Laundering Regulations. Appropriate examples include: Passport/Photo Driving Licence and a recent Utility Bill. Proof of funds will also be required, or mortgage in principle papers if a mortgage is required.
Brochures
Brochure 1- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- 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
Penygarn, Bow Street, SY24
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bow Street Station0.9 miles
- Borth Station3.1 miles
- Aberystwyth Station3.6 miles
About the agent
Welcome to Morgan & Davies
Morgan & Davies was formed in 1989 and is an independent family owned firm of Chartered Surveyors covering the whole of Mid and West Wales and providing a variety of Professional services.
There are two offices - Country and Coastal - Lampeter and Aberaeron
Specific fields of practice and services provided are:
• Residential Estate Agencies and Chartered Surveying Services.
• Agricultural Estate Agencies - Qualified Rural Surveyors and
Industry affiliations
![National Association of Estate Agents](https://media.rightmove.co.uk/dir/customer/industry-affiliation/national-association-of-estate-agents_max_135x100.png)
![Ombudsman for REsale Estate Agents (no OFT logo)](https://media.rightmove.co.uk/dir/customer/industry-affiliation/ombudsman-for-resale-estate-agent_max_135x100.png)
![Association of Residential Letting Agents](https://media.rightmove.co.uk/dir/customer/industry-affiliation/association-of-residential-lettings-agent_max_135x100.png)
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 28103819. 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 Morgan & Davies, Aberaeron. 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.
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