Madoc Street, Llandudno
For Sale £199,000
- Land is 0.00 sq ft
A fully let investment property in the heart of Llandudno which includes a ground floor retail unit and a self contained two bedroom maisonette above. The ground floor retail unit is currently let on a one year internal repairing lease for £5,000 per annum. The maisonette above is on a rolling contract and has been rented to the same tenant for over eight years for £400 pcm.
LOCK UP SHOP 440 x 116 max (13.41m) x 3.51m max)
Steel shutters to the front with timber front door leading into shop space, power and lights with door leading to a kitchen area with stainless steel sink, hot water heater, power and light and door leading to WC. There is also access to an enclosed rear court yard from the kitchen. Plus right of way through to Brookes Street.
This has a separate entrance door with stairs leading to the first floor. Door into;
Power points, telephone point
LOUNGE 135 into bay x 100 into alcove (4.09m into bay x 3.05m into alcove)
Upvc double glazed window to the front, built in storage cupboards, electric storage heater, TV point and power points.
KITCHEN 80 x 63 (2.44m x 1.91m)
With a range of fitted wall and base units with contrasting work tops over, stainless steel sink with mixer tap, electric point for cooker, plumbing and space for washing machine, space for fridge freezer, part tiled walls, extractor fan, power points and door leading to a large roof terrace.
A good size bathroom with a white three piece suite, panel bath with electric shower over, pedestal wash hand basin, low level WC, built in cupboard housing the hot water cylinder, part tiled walls, extractor fan, obscured window to the rear.
STAIRS LEADING TO FIRST SECOND FLOOR ACCOMMODTION
BEDROOM ONE 131 x 106 (3.99m x 3.20m)
Is a front aspect with double glazed window, electric storage heater, TV point and power points.
BEDROOM TWO 102 x 72 (3.10m x 2.18m)
Is at the rear of the maisonette, double glazed window, built in storage cupboards and power points.
Enclosed rear yard with right of way access into Brookes Street.
This is a leasehold property on a 999 year term from 1987 to Mostyn Estates. The ground rent payable is £3 per annum. The buildings insurance must be purchased through Mostyn Estates and for the current year is £432.82.
The vendors have informed us that full plans were approved in 1992 for alterations and extension to the first and second floors to provide two private flats, plus an extension to the ground floor at the rear and alterations to the shop front. Pillars and beams have been installed to support a concrete floor at the rear above the shop. The work was started in 1995 and 1996 to extend the ground floor and pillars and beams to support a concrete floor at the rear above the shop. Thus all the foundations have been done on the ground floor, it only remains to build upon this, subject to the relevant planning approval.
From our Llandudno office turn right outside the shop. The premises can be found further along Madoc Steet on the left hand side.
The shop and maisonette have separate water and electric supplies.
Mains electric, water and drainage are all believed available or connected to the property. All services and appliances have not been tested by the selling agent.
Ground Rent £3 pa
Leasehold covenants apply