Priory Street, Cardigan £295,000

A rare opportunity to acquire a mixed use freehold investment opportunity, comprising a commercial unit and four 1 bed flats, all of which are currently let, generating an income of £22,020 per annum. Many of the rents have remained for a number of years without increase;
Flat 1 £475 (2023)
Flat 2 £390 (2019)
Flat 3 £390 (2021)
Flat 4 £320 (2016)
Commercial £260 (2011)

Situation
In Priory Street near the centre of Cardigan Town, convenient for employment, school, shops, etc.

Description
A mid terrace brick built which now comprises the following:-

GROUND FLOOR

Entrance Hall and Lobby
Door to:-

Commercial Unit (7.57m x 4.80m (24'10" x 15'9"))
With sink unit, toilet and wash basin. Access down to cellar (not used). Window to the front.
Currently let at a rental of £

FLAT 1
Being part of the rear extension.

Kitchen (3.00m x 2.01m (9'10" x 6'7"))
Floor and wall units and worktop surfaces with single drainer stainless steel sink unit, radiator, Worcester Gas Boiler.

Shower Room (1.98m x 1.85m (6'6" x 6'1"))
Tiled cubicle, low level WC, pedestal wash basin.

Living Room (4.04m x 3.15m (13'3" x 10'4"))
Double panel radiator, French door to rear.

Bedroom One (3.35m x 3.05m (11' x 10"))
Radiator.

Occupied under an Occupation Contract - £475pcm.

FLAT 2
First floor.

Shower Room (2.13m x 2.13m (7' x 7'))
Half tiled walls, radiator, close coupled toilet and pedestal wash basin.

Living Room (5.18m x 2.87m (17' x 9'5"))
With radiator.

Bedroom One (3.66m x 3.00m (12' x 9'10"))

Kitchen (3.66m x 2.06m (12' x 6'9"))
Having a range of wall and base units, stainless steel single drainer sink unit, wall mounted gas boiler.

Occupied under an Occupation Contract - £475pcm.

FLAT 3
First floor.

Lobby

Bedroom One (3.96m x 2.74m (13' x 9'))
With radiator.

Living Room (3.96m x 3.33m (13' x 10'11"))
With radiators.

Kitchen (3.48m x 2.26m (11'5" x 7'5"))
Having a range of wall and base units with worktop surfaces incorporating Lamonica 4 plate hob, oven, stainless steel single drainer sink unit, wall mounted Gas Boiler, extractor fan.

Shower Room (1.98m x 1.52m (6'6" x 5'))
With shower cubicle, close coupled toilet, wash hand basin, extractor fan.

Occupied under an Occupation Contract - £475pcm

FLAT 4
Second floor.

Hall

Bedroom One (2.59m x 2.59m (8'6" x 8'6"))
With electric heater and Velux roof window.

Shower Room
With vanity unit, close coupled toilet and shower cubicle.

Kitchen/Living Room (6.17m x 2.51m (20'3" x 8'3"))
Having a range of wall and base units, stainless steel single drainer sink unit, tiled splashbacks, electric panel heater.

Occupied under an Occupation Contract - £475pcm.

Outside
Garden area plus stone shelter to the rear. There is no rear access.

Services, etc.
Services - Mains water, electricity, gas and drainage.
Tenure - Freehold
Local Authority - Ceredigion County Council
EPCs/Rates/Property Classification -
Commercial EPC - E. Rateable Value - £2,900.
Flat 1 - EPC C. Band A
Flat 2 - EPC D. Band A
Flat 3 - EPC C. Band B
Flat 4 - EPC D. Band A