We are pleased to offer this exciting opportunity to purchase a substantial detached former Vicarage located in the centre of the market town of Abergele in North Wales. This attractive property includes a former Coach house, courtyard and ½ acre of grounds with good parking.
Oak House was originally the Vicarage and Parsonage for St Michaels Church and stands in a strategic position by the town centre, church, and bowling green. It is influenced by the Victorian Gothic style and dates to 1848 with later additions. There are good connections to the A55 and onward to North Wales, Chester, Liverpool and Manchester.
Oak House has been a successful business centre for the last 14 years. It is currently configured with 18 rentable rooms plus communal dining area and kitchen and bathroom areas. When fully let, Oak House would achieve more than £5,000 per month.
The Coach House is currently derelict, and is ripe for conversion. Planning permission existed in the past to redevelop the Coach House and to build an extension to link it to Oak House however there is also potential to redevelop it independently as two semidetached properties or apartments.
The grounds are in excess of 2000m2 which, subject to planning permission, would allow scope for further residential development.
Potential uses for the site:
- Residential Apartment Development
- Sheltered Accommodation
- Business/ Commercial/Medical/ Centre
- Holiday Accommodation
This freehold property is currently owned by Maenol Estates Ltd and has no borrowing against it. Maenol Estates Ltd is a clean company that has only ever been used to hold this property. The Shareholder of Maenol Estates Ltd are now wishing to pursue other interests hence the sale.
If a sale is not soon completed, Maenol will obtain planning permission to convert Oak House and the Coach House to 12 high end residential apartments before returning it to market at a higher price.
Alternatively, they would develop the property themselves and bring the apartments to market individually.
Offers in the region of £490,000