Summary - 8, MARKET STREET LL22 7AA
1 bed 1 bath Retail Property (high street)
Large income-producing retail with planning permission for two flats above — development upside..
Large ground-floor retail unit with high ceilings and wide display windows
Currently produces £18,000 per annum from the retail lease
Planning permission granted for two 2-bed apartments above (ref. 0/45791)
Freehold with part flying freehold; mains gas, electric, water connected
Rear enclosed yard with potential for two off-street parking spaces
Lease on ground-floor tenant ends January 2026 — income not guaranteed
Located in a very deprived area with higher-than-average local crime rates
Granite walls likely uninsulated; upper floors will require refurbishment
A substantial mid-terrace Victorian retail property positioned on Abergele’s busy Market Street, offering immediate rental income and clear redevelopment upside. The ground floor is a large, high-ceilinged shop trading successfully and generating £18,000 pa, with a deep retail floor, rear store rooms and enclosed yard with potential for two parking spaces.
Planning permission (Conwy Council ref. 0/45791) is granted to convert the upper floors into two separate two-bedroom apartments, creating additional residential income or owner-occupation potential. Mains services, double glazing and existing boiler/heating are in place, reducing immediate refurbishment scope for basic occupation.
Notable considerations for investors: the current lease on the ground-floor tenant expires January 2026, so income beyond that date is not guaranteed. The property sits in a very deprived area with higher local crime rates, which may affect tenant profile and rental values. The solid granite walls appear uninsulated and the building will likely need targeted refurbishment to deliver the approved flats to modern lettable standards.
This lot suits a buyer seeking a mixed-use town-centre investment with short-term income and medium-term development potential. Price reflects the location and work required; review lease timing, refurbishment budgets and local market demand before proceeding.
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