Bidding opens Monday 9th November 2026 at Midday and closes Wednesday 11th November 2026 from Midday.
Description
Attractive Mixed Use Town Centre Investment
An opportunity to acquire a substantial mixed use fully let high yielding investment property within the popular town centre of Cardigan, currently producing a combined gross annual income of £53,320. The building comprises of two commercial units and an 8 Bedroom HMO residential accommodation on the first and second floors providing a lucrative income stream from the management of the accommodation which is carried out by the Care Society. The property itself is Grade II Listed with the accommodation recently having been up-graded. The premises are central to this popular and strategic town and include a rear courtyard with outhouses. Both commercial units have accommodation set over two floors.
Cardigan is located on the favoured Cardigan Bay coastline close to the resorts of the region including Aberporth, St Dogmaels, Llangranog, New Quay and Aberaeron and Newport and the North Pembrokeshire to the West.
Commercial Unit A Currently let to R2M&N LIMITED currently trading as an ice cream parlour on a 7 year lease from May 2022 with a passing rent payable of 9,000 per annum. Ground Floor Main Retail area, rear kitchen/prep room, storeroom.
First Floor Storage room with sink drainer unit, cloak w/c.
Commercial Unit B Currently let on a new 3 year Lease to an Art Gallery with a passing annual rent of £9,000 per annum.
Ground Floor Retail/studio room with reception area, further room.
First Floor Additional room, cloak w/c.
Outside Both units benefit from access to the rear courtyard which has an additional outbuilding for further storage.
8 Bedroom HMO On Upper Floors We are advised that the current residential income being produced is £34,320 per annum and as set out on the AST's within the legal pack. Please refer to the legal pack for further information and confirmation of income.
HMO Accommodation Ground Floor - Hallway providing access to the upper floors.
First Floor - Landing, four letting rooms, kitchen, bathroom.
Second Floor - Landing with access to upper attic level currently disused and only used for storage purposes but may provide scope for further accommodation in the future. Four letting rooms, 2nd kitchen, bathroom/shower room.
Viewings No viewings are available to the upper floors due to the current socially care housed tenants. Further information on the property can be obtained from Auction House Wales on or via joint Auctioneers Morgan & Davies (Aberaeron) 01570 571600.
Council Tax Band - A (Flat)
IMPORTANT INFORMATION Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.
Tenure: Freehold
EPC Rating: D
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
1.5% inc VAT of the purchase price, subject to a minimum of £2100 inc VAT, payable on exchange of contracts.
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- Unconditional (Immediate Exchange)
Call the team on 01633 212 555 for more information
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