Prime Retail Investment - 37/39 Terrace Road, Aberystwyth SY23 2AE

For Sale

Prime Retail Investment - 37/39 Terrace Road, Aberystwyth SY23 2AE

For Sale

Town

Aberystwyth

Price / Rent

Freehold - £400,000

Description

The property is located in the heart of Aberystwyth town centre – occupying a prominent position on Terrace Road with The Works next door and TG Jones, Spar and Oxfam opposite..  Aberystwyth Train Station is just 200 meters to the south.

Other national occupiers close by include Tui, Three, Tesco, Waterstones and Wild Stuff – as well as a range of independent retailers and food / leisure outlets.  This creates a vibrant mix that is popular with both residents, students and tourists.

The property comprises an attractive double fronted retail store on ground with ancillary accommodation at first floor.  The second floor is currently a 4 bedroom apartment / student unit with a bathroom, separate shower with a kitchen / living area.  The apartment has been kept vacant to enable the redevelopment, but could be let quickly as an alternative strategy.  The attic area is currently vacant and capped off – but has consent for conversion.

The property is not Listed but is within a Conservation Area.

The property has recently received planning consent for the conversion of the second floor and attic into 4 apartments with new dormer windows at attic level.  Each apartment will provide a kitchen / living area, one double bedroom, a bathroom and storage areas.

The majority of the ground floor and first floor are let to Trespass Retail Properties Limited on a 9 year lease from 14 May 2026, therefore expiring 13 May 2035 at a rent of  £32,500 per annum.

The property is Freehold and we have been instructed to seek offers in the region of £400,000.

 

For further information or to view this property please contact:-

Dan Griffiths

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