High Street, Cardigan, SA43

TO BE SOLD BY ONLINE AUCTION. Attractive Mixed Use Town Centre Investment Property. Cardigan - West Wales. 

TO BE SOLD BY ONLINE AUCTION. AUCTION GUIDE PRICE £300,000. This Auction will be held by our joint auctioneers Auction House Wales. www.auctionhouse.co.uk/south wales. Bidding will open at 12 NOON MONDAY 9th NOVEMBER and will run until 12 NOON WEDNESDAY 11TH NOVEMBER 2026.

**An opportunity to acquire a substantial mixed use fully let high yielding investment property** within the popular town centre of Cardigan,**Currently producing a combined gross annual income of £53,320** Comprises of 2 commercial units and an 8 Bed HMO residential accommodation on the first and second floors**Providing a lucrative income stream from the management of the accommodation which is carried out by the Care Society**The property itself is Grade II Listed with the accommodation recently having been up-graded**Being central to this popular and strategic town** Includes a rear courtyard with outhouses** Both commercial units have accommodation set over two floors**

Cardigan is located on the favoured Cardigan Bay coastline close to the resorts of the region including Aberporth, St Dogmaels, Llangranog, New Quay and Aberaeron and Newport and the North Pembrokeshire to the West.

The property is located close to Cardigan Castle at the Western side of High Street, close to Castle Square.

Services - Mains water, mains electricity, main drainage, mains gas, Gas fired central heating.

Council Tax Band (A) Flat (Ceredigion County Council). 

Tenure - Freehold. 

AUCTION DATE
TO BE SOLD BY ONLINE AUCTION. AUCTION GUIDE PRICE £105,000. This Auction will be held by our joint auctioneers Auction House Wales. www.auctionhouse.co.uk/southwales. Bidding will open at 12 NOON MONDAY 09 NOVEMBER and will run until 12 NOON WEDNESDAY 11 NOVEMBER 2026.

AUCTION GUIDANCE
The property will be offered for sale subject to the conditions of sale and unless previously sold or withdrawn and a Legal Pack will be available prior to the Auction for inspection. For further information on the Auction process please see Auction House Guide https://www.auctionhouse.co.uk/guide

GUIDE PRICE

Guide prices are issued as an indication of the expected sale price which could be higher or lower. The reserve price which is confidential to the Vendor and the Auctioneer is the minimum amount at which the Vendor will sell the property for and will be within a range of guide prices quoted or within 10% of a fixed guide price. The guide price can be subject to change.

REGISTER TO BID AND LEGAL PACK

We advise all Parties to contact/visit https://www.auctionhouse.co.uk/wales to register to bid and to also download the Legal Pack once available


COMMERCIAL UNIT A
Currently let to R2M&N Limited currently trading as an ice cream parlour on a 7 year lease from May 2022 with a passing rent payable of 9,000 per annum.

Ground Floor Main Retail area, rear kitchen/prep room, storeroom.

First Floor Storage room with sink drainer unit, cloak w/c.


COMMERCIAL UNIT B
currently let on a new 3 year Lease to an Art Gallery with a passing annual rent of £9,000 per annum.
Ground Floor Retail/studio room with reception area, further room.

First Floor Additional room, cloak w/c.


EXTERNALLY
Outside Both units benefit from access to the rear courtyard which has an additional outbuilding for further storage.

General
Comprises of a 8 Bedroom HMO On Upper Floors.

We are advised that the current residential income being produced is £34,320 per annum and as set out on the AST's within the legal pack. Please refer to the legal pack for further information and confirmation of income.

The accommodation provides as follows -

Hallway
providing access to the upper floors.




FIRST FLOOR
With Landing ,4 letting rooms, kitchen and bathroom.

SECOND FLOOR
Providing Landing with access to upper attic level currently disused and only used for storage purposes but may provide scope for further accommodation in the future.

Four letting rooms, 2nd kitchen, bathroom/shower room.

NOTE
No viewings are available to the upper floors due to the current socially care housed tenants.

VIEWING ARRANGEMENTS
Strictly by prior appointment only. Please contact our Aberaeron Office on 01545 571600 or [email protected].
All properties are available to view on our Website – www.morgananddavies.co.uk. Also on our FACEBOOK Page - www.facebook.com/morgananddavies. Please 'LIKE' our FACEBOOK Page for new listings, updates, property news and ‘Chat to Us’.
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LAND TRANSACTION TAX
The purchase of this property may be subject to Land Transaction Tax (LTT). The amount payable will depend upon the purchase price and the purchaser’s individual circumstances. Buyers are advised to use the Welsh Revenue Authority Land Transaction Tax calculator and/or seek advice from their solicitor or financial adviser.

ANTI MONEY LAUNDERING.
To comply with Government anti-money laundering legislation, we are legally required to carry out identity and verification checks on all buyers and sellers.
We work with our trusted and industry-recognised partner, Coadjute, who will send you a secure link to complete these biometric checks electronically once your offer has been accepted (subject to contract).
A non-refundable fee of £45 + VAT per person is payable directly to Coadjute for this service. These checks must be completed before we can issue the memorandum of sale to the solicitors and progress the transaction.
If you have any questions or need any assistance, please don’t hesitate to contact the office – we’re always happy to help.