Summary - FLAT 1, 43 PENDRE, CARDIGAN SA43 1JS
4 bed 1 bath Commercial Property
Freehold income property with workshop, shop frontage and upper maisonette.
Freehold mixed‑use premises with ground‑floor shop and upper four‑bed maisonette
Tenant in situ in the maisonette — immediate income but no vacant possession
Large rear workshop, former bakery ovens, and commercial fridge/freezers included
Potential change of use or loft conversion (subject to planning permission)
EPC Rating C for both commercial and residential elements
Heating listed as electric; confirm actual systems and services before purchase
Solid brick pre‑1900 construction; likely lacks wall insulation — upgrade needed
Area shows above‑average crime and high local deprivation; factor local market risks
This freehold high‑street property in central Cardigan combines a ground‑floor retail/workshop and a four‑bedroom maisonette, currently producing income with a tenant in situ. The shop has large display windows, substantial back‑of‑house space (including former bakery ovens and cold storage) and an existing alcohol licence — useful for a range of occupiers or a buyer seeking conversion potential (subject to planning).
The maisonette above has been renovated by the current owner, offers separate entrance access and flexible living space across two upper floors. There is scope to add value: a loft conversion could yield extra habitable space (STPP) and the commercial area’s layout supports catering, retail, or light‑industrial uses.
Buyers should note material facts: heating is listed as electric, and the building is a solid‑walled, pre‑1900 terrace likely lacking cavity insulation. The property sits in an area with above‑average crime and high local deprivation indices; services and appliance installations have not been tested. The mixed use rateable value (from April 2023) is £10,000.
This is a practical, hands‑on investment for an investor or owner‑operator who values central footfall, versatile workspace, and immediate rental income. Expect to budget for service checks, potential energy upgrades and targeted refurbishment to maximise rental or resale value.
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