Summary - FIRST FLOOR FLAT, 47-49, GREAT DARKGATE STREET SY23 1DW
1 bed 1 bath Terraced
Large mixed-use investment near university — refurbishment and HMO reinstatement required..
Prominent corner retail unit with four large shop windows
A substantial mixed-use corner property in Aberystwyth’s busy town centre, offered at auction with a guide price of £299,000+. Ground-floor A3/commercial space (approx. 242.66 sqm VOA) features four large shop windows, three street accesses and catering fit-out; the sizeable retail area could be sub-divided into separate units subject to consents.
Above is a self-contained 9-bedroom residential element previously run as HMO (5 beds first floor, 4 beds second floor). Fire control panel and emergency lighting are in place and, with modest upgrading to reinstate HMO compliance, the flat could be lettable quickly to student or short-term markets given the immediate proximity to the university and high footfall retail pitch.
Investor strengths include prominent corner position, mixed-use income potential, large rear yard and easy access to town centre amenities. Material considerations: the property sits in a high-crime, very deprived area with very slow broadband. The building is pre-1900 with assumed uninsulated granite walls, older double glazing and will require HMO reinstatement works and general upgrading throughout. Tenure details and other disbursements are in the legal pack; the sale is via auction and an administration fee applies on exchange.
This is a value-driven opportunity for a buyer experienced in town-centre refurbishments or HMO management who can budget for compliance works, energy improvements and targeted marketing to students or commercial tenants.
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