Lot 67 - 28-32 Princes Drive, Colwyn Bay, Clwyd, LL29 8LA

  • Unconditional Online Auction Sale
  • Guide Price* : £98,000+
  • Bedrooms: 0

Lot 67 - Commercial Investment

Description

ONLINE AUCTION from 5th NOVEMBER-7th NOVEMBER

28-32 Princes Drive comprises a three storey double fronted mid-terraced building of conventional design and construction with solid brick walls which have been built up to form an ornamental parapet.

The seaside resort of Colwyn Bay is situated on the north coast of Wales and is adjacent to the north Wales expressway offering great road links and there is a train station and the town is well known for its beaches & promenade.

The upper floors comprise self-contained residential units which have been sold off by way of long leaseholds. The ground floor double fronted unit previously traded as an opticians although in recent years had been let to a local company providing in home care services for the elderly.

The shop is let at £15,000 pa to Home Instead North Wales which we believe is a charity. The lease commenced in 2022 and is for five years with a break clause in year 3 (2025).

Accommodation

Please note the property has not been inspected internally

Council Tax Band

A

Accommodation

Floor Area Sq Ft Area Sq M
Office 9.6
Kitchen 3.66
Office 21.04
Staff WC
Retail Zone 25.56
Retail Zone 26.03
Retail Zone 17.03
Retail Zone 11.00
Total Square Footage 1252

Tenure

Advised Freehold - to be verified by solicitor

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £1,200) including VAT unless otherwise stated.

Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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