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Llandudno 'retail investment' to go to auction for almost half a million pounds
['Marko Vranic']
North Wales Pioneer | News
The corner building of 29, 31 and 33 Mostyn Avenue will go to auction with BTG Eddisons Property Auctions on August 27 and has been set a guide price of £495,000.
The property is home to two businesses - Co-op, whose lease expires in 2035, and the Cask & Apple, an independent pub on a lease until August 2028.
Its listing states: "A town centre retail investment comprising two adjoining ground floor units, both of which are let producing a total income of approximately £43,000p/a.
31-33 with a lease expiring in 2035 whilst an independent pub company occupy 29 Mostyn Avenue at £10,000 per annum expiring in August 2028.
"The properties front onto Mostyn Avenue on the corner of Queens Road in the retail heart of Llandudno, a popular North Wales tourist town.