36 High Street, Caernarfon, Gwynedd LL55 1RH

**SHOP AND TWO FLATS**A great investment opportunity to acquire a most attractive Grade II Listed property located within the castle walls and close to the town centre and all amenities with planning permission for a large retail area in the basement and increased access via a wider stairwell.

The ground floor comprises a well-positioned retail unit, benefitting from good footfall, along with additional cellar storage. The commercial space provides flexibility for a variety of business uses (subject to any necessary consents).

Above is a one bedroom self contained flat and a two bedroom self-contained flat. The location is in a desirable residential and trading location. Excellent investment opportunity or would equally suit owner/occupier.

We are informed by the current vendor that the combined total monthly rental income achieved for the three units was £1,750 with the shop unit being rented out until October 2026 and the flats rented out until April and May 2026. This would represent a gross rental yield of 13.2% if the same rents were obtained against the current guide price.
We are informed by the current vendor that the property was subject to a RICS valuation for mortgage purposes in October 2024 with a valuation of £240,000 given.

www.gwynedd.llyw.cymru/en-gb/businesses/regeneration/town-regeneration-projects/caernarfon-regeneration

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 10% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 3% inc. VAT of the purchase price (subject to a minimum of £6,000 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.