5 Oxford Arcade, Pantyrafon, Penmaenmawr, Conwy, LL34 6AE
5 Oxford Arcade, Pantyrafon, Penmaenmawr, Conwy, LL34 6AE
The property fronts onto Pant-Yr-Afon in the heart of Penmaenmawr town centre, a busy seaside town on the North Wales coast. A number of amenities can be found in the immediate surrounding area including independent cafe's restaurants and shops. The A55 expressway is within easy travelling distance and provides links further along the North Wales coast line or towards Chester and M53/M56 motorway networks.
A mixed commercial and residential investment comprising a ground floor retail unit, three x 1 bedroom flats and 1 x studio flat situated over lower ground and upper floors. The property is let at a current combined annual rent of approximately £21,000 and each of the flats are well presented and have benefitted from recent upgrading.
| Ground Floor: | Retail unit |
| Lower Ground Floor: | Flat 3 & 4 |
| First Floor: | Flat1 |
| Second Floor: | Flat 2 |
Approximately 77 Sq M (92 Sq Yds).
We understand the ground floor retail unit is let at £400pcm with 3 flats let at £350pcm and a studio flat let at £300pcm. We are advised that the tenant in flat 3 will be vacating upon expiry of their AST and the local marketing agents have suggested a rent increase to £425pcm.
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
1. All the information provided on our website is for indicative purposes only and interested parties should rely upon the contents of the legal pack and their own due diligence as a prudent bidder.
2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 26TH APRIL AND CLOSES ON WEDNESDAY 27TH APRIL.
3. We are advised that the tenant in flat 3 will be vacating upon the expiry of their AST.
