St. Georges Road, Menai Bridge, Anglesey, LL59

Property Details: - Type: Block of apartments - Bedrooms: 4 - Bathrooms: 4

Agent: Williams & Goodwin The Property People - Bangor Phone: 01248 308925

An excellent opportunity to acquire a mixed-use investment property. Being offered for sale on a freehold basis this 3 storey unit is currently occupied on a commercial tenancy to the ground floor with residual of a 5 year tenancy from July 2020 at a passing rent of £13,116 per annum. Additional income is currently generated from using the upper two floors as well presented holiday lets but would be equally suited as long term lets or for personal occupancy. Whilst the income generated from holiday lets can fluctuate from year to year as an indication of the income generated the rates achieved can vary from £125 per night in low season to £175 per night at the prime time of year. This has equated to an income from the two apartments in the region of £12,850 over the 6 month period from January 1st 2024 to June 30th 2024.<br />Being situated quite literally within a stones throw of the beautiful water front in Menai Bridge and just a couple of hundred yards from the town centre the property is ideally situated to take advantage of the towns bespoke shops, popular public houses, and restaurants.<br /><br />Occupying a highly visible corner site for the ground floor commercial unit the upper floor apartments take advantage of the superb location enjoying views over the Menai Strait, with bright and open plan accommodation with gas fired central heating and are currently laid out to provide a fitted kitchen with open plan layout leading into the lounge area together with a master bedroom having shower room en suite, and a further second bedroom and bathroom