Commercial Property for Sale

Vaughan Street, Llandudno, Conwy, LL30

£175,000

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Key Features

An Exceptionally Attractive & Prominent Grade II Listed 4 Storey Victorian Building
Ground Floor Self Contained Retail Unit Recently Vacant
The Upper Floors Comprise Of Residential Apartments On A Long Leasehold
Combined Annual Rent Income of ?1,350

Centrally Located In The Seaside Resort Town Of Llandudno
Art Gallery & Caf? Let On A Long Leasehold Basis (Peppercorn Rent)
Income From Ground Rent With Fixed Rent Increases

Full Description

An Exceptionally Attractive & Prominent Grade II Listed 4 Storey Victorian Building.

This iconic building is well known to those who have visited Llandudno, housing the Mostyn Art Gallery, Geek Retreat & 9 residential apartments above. Originally, designed for Lady Mostyn its impressive decorative details and red/terracotta colour make for an attractive building within a prominent location. The building is understandably Grade II Listed. We have been instructed to sell the freehold. Both commercial units & the residential apartments have been leased out with an annual income of around ?1,350. The ground floor retial unit shoudl achieve a rental of some ?20,000 or would suit an owner-occupier . Copies of the leases can be made available to interested parties only. It is worth noting that the building to the right of the Mostyn Art Gallery entrance are not included in this sale and are under separate ownership, that building houses the Mostyn Shop & Caf?.

Tenure Freehold.

LEGAL COSTS Each party will be responsible for their own legal costs incurred in this transaction.

VAT Prices, outgoings and rentals are exclusive of, but may be liable to, VAT.

MONEY LAUNDERING REGULATIONS We are obliged to verify the identity of any proposed purchasers/tenants once a sale/let has been agreed and prior to instructing solicitors. This is to help combat fraud and money laundering. This is a legal requirement.

Agents Note The property has been elected for VAT and it is envisaged that the transaction will be treated as a Transfer of a Going Concern (TOGC) and, therefore, no VAT will be payable on the purchase price.

RATES We understand from our enquiries of the VOA website that the premises are assessed for Rates as follows:-
Rateable Value - Post Office 14, Vaughan Street, Llandudno ?20,750
Dafydd Hardy gives no warranty that the values supplied or the sums of money expressed as being payable are accurate and the assignee should make their own enquires with the Local Rating Authority to confirm the figures quoted are correct.

EPC N/A.

Disclaimer Dafydd Hardy Estate Agents Limited for themselves and for the vendor of this property whose agents they are give notice that: (1) These particulars do not constitute any part of an offer or a contract. (2) All statements contained in these particulars are made without responsibility on the part of Dafydd Hardy Estate Agents Limited. (3) None of the statements contained in these particulars are to be relied upon as a statement or representation of fact. (4) Any intending purchaser must satisfy himself/herself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. (5) The vendor does not make or give and neither do Dafydd Hardy Estate Agents Limited nor any person in their employment has any authority to make or give any representation or warranty whatever in relation to this property. (6) Where every attempt has been made to ensure the accuracy of the floorplan contained here, measurements of doors, windows, rooms and any other items are approximate and no responsibility is taken for any error, omission, or mis-statement. This plan is for illustrative purposes only and should be used as such by any prospective purchaser. The services, systems and appliances shown have not been tested and no guarantee as to their operability or efficiency can be given. Floorplans made with Metropix ?2007.