Station Rd - Foelas

SITUATION
Located close to the junction with Tal-Y-Bont in the popular village of Llanrug which is in the foothills of the Snowdonia Mountain Rage, approx. 3 miles from famous Llanberis which is one of the most popular mountain tourist centres in the Snowdonia National Parks. Llanrug also lies approx. 4 miles from the coastal resort town of Caernarfon with its 13th Century Castle, multiple shopping facilities and beaches.

PROPERTY
A substantial Detached Former Residential Care Home on ground, first and second floor levels comprising:
• 13 Guest Rooms
• A 2 Bed second floor flat
• Onsite Parking
• Garage
• Patio
The property was substantially refurbished in 2023.

ACCOMMODATION¹
Ground Floor
Area Approx. 2,303 sq ft
First Floor
Area Approx. 1,894 sq ft
Second Floor
Area Approx. 455 sq ft
Total Area Approx. 4,652 sq ft
¹Not inspected by Barnett Ross. Areas provided by Vendor

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY
The entire property is let on a repairing and insuring lease to BM Properties MCR Ltd (see Note 1) for a term of 10 years from 7th June 2024 at a current rent of £24,000 per annum exclusive. Rent Review 2029 (rent not to exceed £30,000 p.a.)Landlord’s Break at any time on 90 days prior notice, subject to paying the Tenant a £20,000 penalty – refer to the Lease in the Legal Pack.

PLANNING
The Vendor has submitted a Planning Application (November 2024) to Gwynedd Council for ‘Change of use of former Foelas Residential Care Home C2 to a Sui Generis to create 13 person / bedroom House in Multiple Occupancy (HMO)’ (Planning Ref:
C23/0907/23/LL).

Refer to the Auctioneers for the Planning Documentation.

Note 1: The Vendor has advised the tenant is currently using the property for letting purposes pending the outcome of the revised 13 bed HMO Planning Application.

Note 2: The adjacent 5 Bed Detached House (known as Clydfan) sold for £315,000 in December 2023 (source: zoopla.co.uk).

Note 3: 6 week completion