Central Caernarfon site with strong conversion potential and period features.
Grade II listed five-storey building with commercial frontage
Set across five storeys, this Grade II listed mixed-use building on Bangor Street offers substantial redevelopment potential in central Caernarfon. The property includes commercial frontage, multiple upper-floor rooms and a basement, giving scope for a multi-unit conversion, larger single residence or ground-floor retail with apartments above. High ceilings and original Victorian features present strong character that will appeal to buyers seeking period detail.
The building requires full renovation throughout: the advertised studio/bathroom are derelict, there is evident damp and dated fixtures, and the overall property needs a comprehensive scheme, including likely structural and listed-building consents. It will be sold at auction Unconditional Lot — a 5% deposit on fall of the hammer, plus a buyer’s premium (5% + VAT, minimum £5,000 + VAT). Completion is required within 28 days, so purchasers must be cash-ready or have pre-approved finance.
Listed status and the building’s current condition mean restoration will involve planning and listed-building approvals and additional costs highlighted in the legal pack. The property sits in a busy, centrally located trading street close to wide-ranging amenities and strong transport links, but it is in a very deprived area with high local crime statistics — factors to weigh for lettings or resale strategy.
This lot is aimed at experienced investors or developers comfortable with listed-building work and fast auction timetables. Review the legal pack thoroughly before bidding; pre-auction offers are considered but remain subject to the auction’s special conditions and purchaser obligations.
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