Guest House Overlooking the Seafront of Barmouth

Online Auction with a suggested starting price of £280,000 (Unless Sold or Withdrawn Prior). Proposed online bidding end 30th January 2025 - Proposed end time 2:30pm. DESCRIPTION: A property located overlooking the waterfront of the seaside town of Barmouth, currently being run as a guest house/ bed and breakfast establishment. The property boasts views over the Barmouth promenade, and beach which are circa 350 yards away. The property comprises 11 bedrooms (9 bedrooms with an en-suite shower room), Kitchen, Utility, Dining Room, Residents Lounge and additional Lounge/Sitting Room, providing a potential investment opportunity. To help any proposed purchaser who may wish to continue with the business, whilst the contents are not included in the sale price, they are not going to be removed (save personal items) by the seller. Business Rates- Exempt due to small rates relief. DIRECTIONS: From the centre of the town take the turn signposted towards the beach, police station and railway station, following the one way system around turning right over the level crossing then immediately right again into Marine Parade, passing the amusement fairground and the property will be seen towards the end of the road on the right hand side just as it rejoins the promenade. MATERIAL INFORMATON: Part A material information as required by Trading Standards: 1. Tenure: We are informed at the point of commencement of marketing that the property is Freehold. Please verify by checking the legal pack when ready and prior to bidding to purchase. 2. Council Tax (England, Wales & Scotland) • Council Tax Band: A 3. Price Guide:                     £280,000 to £320,000 The guide prices are the parameters which we believe the lot may achieve, although by the very nature of entries the actual sale prices may be higher or lower depending upon demand and popularity of the lot at the actual auction. Guide prices are published in good faith and may change at any time during the marketing campaign. Material Information Part B 1. Physical characteristics of the property: a) Property type: Terraced Property b) Construction type: As auctioneers or marketing agents we or the joint agents do not undertake a survey. We are not qualified to specify exact construction of buildings, however we may provide an assumption/comment if we are informed or believe the property not to be standard construction for its type and area. Bidders should ensure they verify for themselves the construction prior to bidding and a commitment to purchase. (Some examples of different construction types include prefabricated buildings and non-traditional building methods such as wattle and daub, cob, pre-cast and cast in situ concrete, and timber or metal frame construction). c) Number and type of rooms We understand the accommodation comprises: 11 bedrooms (9 bedrooms with an en-suite shower room), Kitchen, Utility, Dining Room, Residents Lounge and additional Lounge/Sitting Room 2. Utilities: You need to include the following information and whether it’s currently connected or not: • Source/s of heating (including if applicable on some lots any communal heating facilities):           Mains Gas • Primary source of electricity supply                                                                                                              Mains Electricity • Primary source of water supply                                                                                                                     Mains Water • Primary arrangement for sewerage                                                                                                               Mains Drainage Viewing 01248 75 39 39 - Please phone us to make an appointment. We are open from 9am to 5pm Monday to Friday, and 9am to 4pm Saturdays. Please Note - Any interested bidders MUST refer to our auction terms of sale available on the online listing at: www.allwalesauction.com Some helpful Guidelines: Pre-Auction Offers – Not all lots offered will consider pre auction offers. Offers must be submitted to us in writing and will only be considered if the lot has been viewed and the legal documentation inspected. Pre-auction bids are on the basis of an immediate exchange of auction contracts upon acceptance by the seller, with the buyer providing a full 10% deposit AND the administration fee. Any offer will be assumed to be your best and final offer and we cannot guarantee that you will be invited to increase your bid in the event of an alternative, satisfactory offer being received prior to exchange. Our clients have agreed that only pre-auction offers SUBSTANTIALLY above the top guide price figure will be submitted for their consideration. Local Authority: Gwynedd Council Legal Packs: To register for legal packs please visit the View Lots and Register section of our website www.tppuk.com/live-auction General Information - Prior to making an appointment to view, we strongly recommend that you discuss any particular points which may be likely to affect your interest in the property with a member of staff in order that you do not make a wasted journey. Note to customers: All Wales Auction is auction department trading name of Williams & Goodwin The Property People Ltd. Important Notice - YOU MUST REFER TO THE TERMS AND CONDITIONS Williams & Goodwin The Property People/All Wales Auction and their clients give notice that these particulars have been prepared in good faith to give an overall view of the property. They do not form any part of an offer or contract to the purchaser or any third party, and must not be relied upon as statements or representations of fact. Purchasers must rely on their own enquiries by inspection or otherwise on all matters including planning or other consents. Any areas, floor plans, measurements or distances referred to are given as a guide only and are not precise. Photographs are not necessarily comprehensive or current; no assumption should be made that any contents shown are included in the sale nor parts of the property that have not been photographed. We have not tested any services or equipment and nothing in these particulars should be deemed to be a statement that they are in good working order nor that the property is in good structural condition. MONEY LAUNDERING REGULATIONS 2003 intending purchasers will be asked to produce identification and proof of financial status when registering to bid. The Agent nor auctioneer have not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller at the time of instruction and should be confirmed within the legal pack. A Buyer is advised to obtain verification from their Solicitor. We have taken every precaution to ensure that these details are accurate and not misleading. If there is any point which is of material importance to you, please contact us and we will provide any information you require. The mention of any appliances and services within these details does not imply that they are in full and efficient working order. These details must therefore be taken the initial guide only and bidders should check for Addendums on the online listing of this lot prior to bidding.