Call us Now 01745 605468
Call us Now 01745 605468
£495,000 Guide price
Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £495,000.
With outstanding views of the Conwy Estuary, Deganwy Harbour and Conwy Castle, Elwy are pleased to market for sale a rare investment opportunity to acquire a fantastically positioned fish and chip shop with a four bedroom maisonette above.
Conwy is one of Britain's best preserved medieval towns, attracting millions of tourists each year with its iconic 13th Century Castle, narrow cobbled streets and famous 'smallest' house in Britain!
On offer is a busy ground floor fish and chip shop with indoor dining restaurant which is currently leased on a 7 year commercial agreement (from 01.10.21) and generating an income of £27,500 per annum.
The business itself is not for sale and continues to successfully trade.
To the first floor is a superb and fully renovated four bedroom maisonette which enjoys enviable views and is presented in outstanding condition. The spacious accommodation comprises; large living room with bay windows, fitted modern kitchen, two double bedrooms and a shower room to the first floor, with two additional bedrooms, family bathroom and utility to the second floor. The maisonette is accessed via stairs to the rear of the building with a lovely roof terrace and benefits from gas central heating and double glazing.
The maisonette property is currently let to a long term tenant and generates an income of £16,200 per annum.
Tenure: FREEHOLD. NO CHAIN.
Business Rates/Council Tax Band: TBC
EPC Rating: TBC
Auctioneers Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
Viewing Information
For further information or to arrange a viewing, please contact Elwy directly. Viewings are strictly by appointment only.
Agent Notes
Services & Appliances: Unless stated, it is believed the property is connected to mains gas, electric, water and sewerage. We recommend you confirm this prior to any offer being considered. Please note that no appliances or fixtures are tested by the agent.
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Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.
