Summary - THE GATE MEWS FLAT 11 ANCASTER SQUARE LLANRWST LL26 0LB
1 bed 1 bath Retail Property (high street)
Small-town barbershop with splitting potential near the main square.
Two adjoining mews units currently opened into one
A compact town-centre retail investment in a gated courtyard, offered as two mews units currently opened into one. The premises has traded as an established barber since 1986, providing an immediate income or ready-to-let business with local footfall from the main square. The gated Mews offers evening security managed by occupiers, and each unit has its own access and key to a communal WC.
The asset is leasehold with long unexpired term (approximately 196 years remaining) and benefits from business rates relief, lowering immediate running costs. Practical details: mains water is connected, electricity is via a coin-operated meter and services have not been tested. The two small rooms could be retained as one trading area or reverted to separate units to increase rental flexibility.
Notable disadvantages are clear: internal space is limited, there is no private WC within the units, and the ground rent is high at £1,680 per year. The property sits in an area recorded as very deprived with higher crime levels, which may affect rental values and tenant demand. Buyers should factor in potential service/service testing costs and any reconfiguration or compliance work required for alternative uses.
At the asking price this presents a low-entry investment with immediate trading history and simple asset management for a hands-on landlord or small operator. Investors seeking modest capital outlay with options to split, refurbish, or continue the established business will find practical potential, but must budget for ground rent and consider local market challenges when forecasting returns.
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