Auction Property  

Bridge Street, Llanrwst

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Features

  • Auction date: 14 &15 December 2021
  • 3 x Long leasehold Flats
  • 3 x Incoming producing flats
  • Freehold included with the purchase
  • Total income of £15,060 pa
  • Town centre location
  • Gross yield of approx. 10% on guide
  • Spacious accommodation
  • Potential to increase rental income
  • Approx. 5 miles to Betws y Coed

Address

Tyr Bont Bridge StreetLlanrwstClwydLL26 0ET
Details
Floorplans
EPC
Map
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Property Details

•Online property auction date: 14-15 December
•3 x Flats plus the freehold
•Total income of £15,060 pa
•Fully let – gross yield of approx. 10% on guide price
•Town centre location
•Total floor area of 199m2 / 2,142 ft2

Offered for sale are three incoming producing flats within the same building. The accommodation is arranged over ground, first and second floors.

Flat 1 is accessed via the right hand side door to the front elevation, and flats 2 and 3 are accessed from the left hand side door, all at street level. Flat 1 is on the ground floor, Flat 2 is on the first floor and flat 3 is on the second floor. There is also rear access to Flat 1, adjacent to Mews Cottage.

Flats 1 and 2 have two bedrooms and Flat 3 has one bedroom.

Llanrwst is a market town on the eastern edge of Snowdonia National Park approximately 5 miles from Betws y Coed via the A470 The property occupies a central location within the town centre on Bridge Street, close to the junction with Church Street. Bridge Street is the main route through Llanrwrst. Conwy is less than 15 miles to the north via the A470.

Floor Areas

Flat 1: 83 m2 / 894 ft2
Flat 2: 54 m2 / 581 ft2
Flat 3: 62 m2 / 667 ft2

Total: 199 m2 / 2,142 ft2
(measurements taken from EPC)

Investment Analysis

All three flats are currently occupied on AST agreements.

Rental income:
Flat 1 £425 pcm / £5,100 pa
Flat 2 £425 pcm / £5,100 pa
Flat 3 £405 pcm / £4,860 pa

Services

We understand the property has mains electricity, water, and drainage. However, interested parties should carry out their own investigations.

Buyer's Premium

2% (min. £3,600) inc. VAT.

Viewings

Please contact a member of John Pye Property on 0115 970 6060 or email [email protected] to arrange an appointment.

Floorplans

Energy Performance Certificates

Location Map

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