Dafydd Hardy Commercial says ..

Property Oracle says ..

This property is a large commercial building located on Bangor Road in Penmaenmawr, Conwy. The building appears to be in need of some renovation and modernisation, as seen in the provided photos. The listing price of £395,000 seems high considering the condition and the need for significant work. However, the large size of the building (63,702 sqft) and its location in a potentially desirable area could justify a higher price point for the right buyer. The lack of bedrooms and bathrooms suggests the property is intended for commercial use. More information on the potential for commercial use and rental income would be needed to provide a more complete analysis. The property is close to the train station and several schools, which could be beneficial for commercial ventures catering to commuters or families.

The plot size of 10,443 sqft is relatively small compared to the building size, limiting potential outdoor space. The average price per sqft in the area is £192, which is significantly lower than what is being asked for this property. This suggests the asking price may be inflated, unless there are unique features or development potential not fully disclosed.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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