Lancaster Square, Conwy

Property Description

Prime Town Centre Investment Opportunity – Conwy

Freehold mixed-use property producing £26,200 per annum

Guide Price: £300,000

An attractive three-storey freehold property situated in a prime location just off the Square in the heart of Conwy town centre. This well-maintained investment offers an excellent opportunity for purchasers seeking a strong return from a fully let building.

The property comprises three self-contained units:
Ground Floor: Retail premises, currently let to a florist, with independent access and prominent shop frontage.
First Floor: Self-contained one-bedroom flat with modern kitchen and bathroom, gas central heating.
Second Floor: Self-contained one-bedroom flat, also presented to a good standard with modern kitchen and bathroom, gas central heating.
Separate entrance to the upper floors, ensuring clear division between the residential and commercial elements.

This is a rare opportunity to acquire a mixed-use investment in one of North Wales’ most sought-after town centres.

Located within walking distance of the historic castle town of Conwy. The town has a variety of retail outlets, hotels, library and several places of interest. There are local primary and secondary schools, social and recreational facilities including an 18-hole golf course and yachting marina nearby.

Accommodation Affords:

(Approximate measurements only)

Ground Floor Shop:

• Ground Floor - extends to some 53m2 (577 square feet) and trades as a Florist.
Lease is on a 3 year term from 1st February 2024 and produces £10k per annum.
EPC expired June 2023.

Ground Floor Side Access Leading To:

First Floor Level.

Rear Store:

2.67m x 1.67m

8'9" x 5'5"

Flat 1:

• Flat 1 - Excellent appointed apartment extending to some 39m2 (425 square feet)
producing £700.00 per month, £8,400.00 per annum.
EPC Rating D – expires 15/10/2028.

Hallway:

Lounge:

3.27m 3.16m

10'8" 10'4"

Kitchen:

4.2m x 2m

13'9" x 6'6"

Bedroom:

4m x 1.91m

13'1" x 6'3"

Shower Room:

Shower, w.c, and wash basin.

Second Floor Landing:

Flat 2:

• Flat 2 – Extending to some 38m2 (413 square feet)
Potential rental of £650.00 per month, £7,800.00 per annum. (Currently vacant)
EPC Rating D – expires 15/10/2028.

Hallway:

Lounge:

4.19m x 2.84m

13'8" x 9'3"

Kitchen:

4.27m x 2m

14'0" x 6'6"

Bedroom:

3.15m x 2.27m

10'4" x 7'5"

Bathroom:

Shower, wash basin w.c.

Council Tax Band

Conwy County Borough Council tax band - Flat 1 - 'A' Flat 2 - 'A' Ground Floor Retail R.V.- £8,900