Auction Property House 

Sycamore Street, Newcastle Emlyn

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Features

  • Auction date: 28th & 29th October 2020
  • Freehold with vacant possession
  • Substantial three storey property
  • Holiday letting opportunity
  • Ground floor retail approximately 98.5 Sq m (taken from VOA)
  • Popular town centre location
  • First & second floor one and two bedroom flats
  • Potential high yielding property
  • Additional potential for a first floor studio flat (subject to planning)
  • Close proximity to the beaches of Cardigan Bay

Address

Bank Chambers Sycamore StreetNewcastle EmlynDyfedSA38 9AJ
Details
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Property Details

•For Sale By Online Auction – 28th & 29th October 2020
•Guide Price: £285,000+
•Town Centre Commercial/Residential Investment Opportunity
•Excellent holiday letting potential
•Freehold with Vacant Possession

A substantial Grade II listed three storey property occupying a prominent position in the centre of the sought after market town of Newcastle Emlyn. The property was formerly used as a bank with the ground floor currently providing retail accommodation, which benefits from store rooms, kitchen and wc facilities.

The upper floors have recently undergone redevelopment/refurbishment works and provide a first floor one bedroom self contained flat and second floor two bedroom self contained flat. There is additional potential to provide a self contained studio flat at first floor level (subject to the necessary planning consents). The accommodation has been completed to a good standard and currently operates as holiday letting accommodation, which we are advised achieves good occupancy levels.

The property is situated on Sycamore Street in the centre of Newcastle Emlyn town centre where there are a good range of local facilities and amenities. The beaches of Ceredigion are nearby with Aberporth Beach approximately 8 miles in the north west.

Accommodation

Ground floor retail: 98.5 Sq m
First floor one bedroom flat: 54 Sq m
First floor potential studio flat (STP)
Second floor two bedroom flat: 78 Sq m

(Measurements taken from the EPC’s and VOA)

Services

We understand the property to have mains electricity, water and drainage. However, interested parties are advised to make their own enquires.

Tenure

Freehold

Guide Price

£285,000+

VAT

VAT if applicable will be charged at the standard rate.

Buyer's Premium

2% (min. £3,600) inc. VAT

Viewings

Viewings are by appointment only. Please contact one of our agents on 0115 970 6060 or email property@johnpye.co.uk

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If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

•0% Seller Fee
•£0 Entry Fee
•£0 Marketing Costs
•20 Working Day Completion
•Monthly auctions

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