Station Rd - Foelas 4,652 SF Health Care Building Offered at $341,157 at a 20% Cap Rate in Caernarfon LL55 4BE

Investment Consideration:
VAT is NOT applicable to this property
Comprises detached care home with parking and garage at rear
Future redevelopment potential for multiple dwellings (C3) or educational/healthcare premises STTP
Tenant has option to purchase the property at strike price of £400,000 on or before the 21.01.2027 and completion deadline is 10 working days from exercising the option.
Located in the popular village of Llanrug, approx. 4 miles from the coastal resort town of Caernarfon with its 13th Century Castle, multiple shopping facilities and beaches.
Property Description:
Comprises substantial detached care home with large parking and single car garage at rear. The property has been fully refurbished in 2023 and provides the following accommodation and dimensions:
Ground Floor: 214 sq m (2,303 sq ft)
5 bedrooms, kitchen, dining, lounge, conservatory, office, store, bathroom, 3 wc`s
First Floor: 176 sq m (1,894 sq ft)
8 bedrooms, kitchen, lounge, 2 bathrooms, 2 wc`s
Second Floor: 42 sq m (455 sq ft)
2-bedrooms, ancillary, bathroom
Total GIA: 432 sq m (4,652 sq ft)
Tenancy:
The property is at present let to Hilda`s Trading Limited t/a care home for a term of 10 years from 22nd January 2026 at a current rent of £50,000 per annum and the lease contains full repairing and insuring covenants. Rent review on 22.01.2031 linked to RPI. No break clause. Rent deposit held of £12,500. Lease within the Landlord and Tenant Act 1954.
*Tenant has option to purchase the property at strike price of £400,000 on or before the 21.01.2027 and completion deadline is 10 working days from exercising the option.
Location:
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