Colenso Rheidol Terrace

£350,000 (Offers in excess of)

Reference: R22/092

Overview

An excellent opportunity to acquire two attached end of a terrace investment properties overlooking Aberystwyth’s picturesque Marina.

Brochure

Brochure

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Description

An excellent opportunity to acquire two attached end of a terrace investment properties overlooking Aberystwyth’s picturesque Marina.

11 & 11a Rheidol Terrace, also known as Colenso have been let and well maintained for many years by the current vendors and is a prime purchase for anyone looking to invest in already running licensed HMO’s. The property consists of two houses, Number 11 is 5 bedroomed with 3 showerooms, kitchen, living/dining and cellar/storage room. 11a is 3 bedroomed with bathroom and kitchen/living room. Both have access to the rear courtyard which is currently as one.

The property is situated by the Marina and is just a few steps away from Aberystwyth’s Promenade and beach. It is also a short walking distance to the town centre providing for a good range of both local and national retailers. The ever popular University town is also convenient to the Railway Station and regular bus services.

Method Of Sale

The property is offered for sale by formal tender. A copy of the tender document is available by request from the selling agent. Please note that the tender document is a legally binding agreement and therefore prospective parties are advised to seek legal advice before submitting their offer. Please also note that a payment of 10% of final offer needs to be enclosed with your tender. (Please refer to the instructions in the tender document.)

Viewing

BLOCK VIEWINGS on….

Strictly by appointment through the joint selling agents Aled Ellis & Co Ltd, 16 Terrace Road, Aberystwyth, Ceredigion SY23 1NP 01970 626160 or sales@aledellis.com

Joint Agents

With Philip Evans Estates, Aberystwyth.

Deadline For Offers

(See Tender Document).
The tender must be submitted by Noon on Monday 31st of October 2022, directly to Mr Chris Bates, Morris & Bates Solicitors.

Notification

The parties will be notified on or before Monday 7th of November 2022 as to whether they have been successful (or not).

Completion

Completion will take place on (or before) Monday 5th December 2022.

Tenure

Freehold of each property.

Solicitors

The solicitor acting in this matter is:-

Mr Christopher Bates,
Morris & Bates,
Po Box 1,
Alexander Rd,
Aberystwyth Ceredigion 01970 625566.

PARTICULARS OF SALE

Services

All mains services connected to 11 & 11a.
Gas fired central heating (separate combi boilers in each property).

Rental Income

Current income for both parts for 22 – 23 Academic year £28,480.83 Gross.

Split 11 £18,828.33 & 11A £9,652.50.

Vacant Possession

Please note - Both are currently let until June 2023 on a fixed term basis. Vacant possession from June 2023.

Council Tax Bands

11 - Council Tax Band E.
11a - Council Tax Band C.

11 Rheidol Terrace

Front Glazed Porch

Entrance door to

Reception Hallway

With stairs to first floor accommodation, rad, doors and inner hallway to

Living Dining Room

4.59 x 5.74 (15'0" x 18'9")

With two double aspect glazed bay windows and two radiators. Direct outlook to the Marina.
Opening to

Kitchen

3.94 x 2.30 (12'11" x 7'6")

Comprising base & eye level units, fitted oven, worktop and extractor fan. Stainless steel sink, tiled splashbacks, under counter fridge and washing machine. Radiator and window to rear.

Door back into inner hallway.

Ground Floor Showeroom

With wc, wash hand basin and corner shower cubicle (Mira shower).

Stairs down to

Cellar Storage Room

7.62 x 5.03 (24'11" x 16'6")

Subject to the necessary consents, offers potential for further conversion.
Housing the mains gas central heating combi boiler. Dormer window and fire exit door to rear.

First Floor Accommodation

Landing

With radiator, stairs to second floor accommodation and doors to

Bedroom 4

4.09 x 2.44 (13'5" x 8'0")

With radiator and bay window to fore.

Bedroom 5

3.27 x 4.75 (10'8" x 15'7")

With radiator and bay window to side.

Showeroom 2

With wc, wash hand basin, shower cubicle, obscured window and tiled splashback walls.

Showeroom 3

With shower cubicle, extractor fan and tiled splashback walls.

Separate Wc

With wc and wash hand basin.

Second Floor Accommodation

Landing

Doors to

Bedroom 1

3.91 x 2.58 (12'9" x 8'5")

With radiator, window to fore, velux and storage cupboard.

Bedroom 2

4.12 x 2.87 (13'6" x 9'4")

With dormer window to side and radiator.

Bedroom 3

3.79 x 3.39 (12'5" x 11'1")

With Velux window and radiator.

11A RHEIDOL TERRACE

Entrance door into

Open Plan

Living Area

4.66 x 3.36 (15'3" x 11'0")

With radiators window to fore overlooking the Marina/Harbour.

Kitchen Area

1.62 x 3.05 (5'3" x 10'0")

Comprising base units with fitted oven, hob and extractor fan over. Stainless steel sink, washing machine and fridge freezer. Tiled splashback walls with window to rear.

Inner Hallway

Stairs to first floor accommodation, door to rear courtyard and door to

Downstairs Wc

With wc, wash hand basin and housing the Gas Fired Central Heating combi boiler.

First Floor Accommodation

Bathroom

Comprising wc, panelled P shaped bath with shower and screen over. Obscured window and tiled splashback.

Bedroom 6 (1)

3.31 x 2.73 (10'10" x 8'11")

With radiator and window to fore.

Second Floor Accommodation

Bedroom 7 (2)

1.64 x 4.34 (5'4" x 14'2")

With window to fore and radiator.

Bedroom 8 (3)

2.93 x 3.02 (9'7" x 9'10")

With two windows to fore and radiator.

Externally

There is a rear courtyard area and bin storage space which both properties have access to. Rear gated access out to road behind the property.

Rear courtyard with stairs to Number 11 Cellar room.

11 EPC

11a EPC

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Status

Available

Property Agent

Aled Ellis

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