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An exciting opportunity to purchase a self contained two bedroom apartment with commercial space... Read More
1054 property views in the last 7 days!
Quote Reference: 5129990
An exciting opportunity to purchase a self contained two bedroom apartment with commercial space located in the centre of Hay-on-Wye.
Chancellors is proud to present this property located in the heart of Hay-on-Wye. Situated in a central location, this offering encompasses both commercial and residential spaces, providing investment opportunity.
The ground floor boasts three retail areas, plus a staff toilet. The current shop tenants run a thriving outdoor clothing and walking gear business. With its strategic positioning and high foot traffic, this commercial unit presents an excellent chance to capitalize on the retail atmosphere of Hay-on-Wye.
Ascending to the upper levels, you'll discover a two bedroom flat spread over two floors. The first floor features two reception areas that offer versatile living and entertainment spaces, a kitchen, and a shower room with toilet and washbasin. The second floor comprises two bedrooms and a bathroom, with bath, shower over, toilet and washbasin. Currently, the upstairs flat is utilised for stock storage, for the ground floor business operation.
A further feature of this property is the flat's courtyard garden, providing a outdoor space right in the centre of the town.
It is important to note that the shop tenants have a Commercial Lease that runs until 31st March 2025, thereby ensuring a steady stream of income until then. The shop tenants have also leased the residential flat on a residential Converted Periodic Contract (formerly a Statutory Periodic Tenancy), which is subject to six months notice.
Whether you're an investor looking to benefit from an established retail business, or a homeowner seeking a picturesque dwelling in the heart of Hay-on-Wye, this property caters for both aspirations seamlessly.
Contact us to arrange a viewing and explore the endless possibilities that this property has to offer.
Video Viewings: If proceeding without a physical viewing please note that you must make all necessary additional investigations to satisfy yourself that all requirements you have of the property will be met. Video content and other marketing materials shown are believed to fairly represent the property at the time they were created.
Stamp duty calculator provided by The Property Hive is intended to provide an estimate of the stamp duty land tax payable on a residential property purchase in England or Northern Ireland. However, the calculator is provided for general information purposes only and should not be relied upon as a substitute for professional legal or tax advice. The actual amount of stamp duty payable may differ from the estimate provided by the calculator, depending on various factors such as the purchase price, the property type, and the buyer's circumstances. Property Hive does not accept any liability for any loss or damage arising from the use of, or reliance upon, the stamp duty calculator. It is recommended that you seek independent legal and tax advice before making any property purchase decisions.
Regulations require that we undertake identity and AML checks, and secure information on the circumstances of your purchase in line with our obligations to verify your identity and complete Customer Due diligence as part of you agreeing any offer with our client. These are dictated by regulation and enforced by trading standards. Whilst we retain responsibility for ensuring checks are carried out correctly and for ongoing monitoring, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or made an offer on a property you wish to buy that is provisionally agreeable to our client.
We have looked to provide benefits alongside undertaking these checks to ensure this is not an additional cost to you. These include complementary Lifetime Legal membership for 3 months, and where you use Chancellors Conveyancing services we have also arranged for this cost to include the AML/ Customer due diligence cost your solicitor would normally charge you for their regulated required checks. The cost of these checks is £80 inc VAT, which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee is paid in advance, directly to Lifetime Legal and is non-refundable.
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