29 & 31/33 Mostyn Avenue, Llandudno, Conwy LL30 1YS

A town centre retail investment comprising two adjoining ground floor units, both of which are let producing a total income of approximately £43,000p/a. Co-Op are the anchor tenant occupying approx 247 Sq.M at no. 31-33 with a lease expiring in 2035 whilst an independent Pub Co occupy 29 Mostyn Avenue at £10,000 per annum expiring in August 2028. Note the upper floors are not included in the sale and a new 999 year lease will be granted on completion.

The properties front onto Mostyn Avenue on the corner of Queens Road in the retail heart of Llandudno, a popular North Wales tourist town. Neighbouring occupiers include a variety of independent traders, cafe's and restaurants.

999 years

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 1.8% inc. VAT of the purchase price (subject to a minimum of £2,400 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.