Call the team on 02920 475 184 for more information
Fully Let Town Centre Mixed Use Investment
An opportunity to acquire a substantial fully let three storey end of terrace mixed use investment property, comprising of a ground floor commercial unit and 5 x 1 bedroom flats to the upper two floors. We are advised that the current total gross annual income is £35,140 per annum (please refer to the legal pack to view tenancy agreements). The building is located within the historic heart of this County Town next to the statue of General Nott and the castle within Nott Square. Nearby are several local and national retailers and eateries.
Tenure
See Legal Pack
Ground Floor
Open retail area with treatment room, store room and w/c with access door to the side of the building.
Upper Floors
5 x 1 Bedroom Flats set over two floors, each with their own kitchens and bathrooms.
Outside
Area to the side of the building for bins etc.
Tenancies
Ground Floor let on a licence basis to an established tenant at £13, 00 per annum. Flat 1: Let on an AST at £425 per calendar month. Flat 2: Let on AST at £350 per calendar month. Flat 3: Let on AST at £330 per calendar month. Flat 4: Let on an AST at £360 per calendar month. Flat 5: Let on an AST at £380 per calendar month. Therefore, the total combined gross annual income is £35,140 per annum.
Council Tax Band - A
Viewings
Through our partner agent Morgan & Davies (Carmarthen) on 01267 493444. Adequate notice must be provided to tenants for the purpose of viewings.
Local Authority
Carmarthenshire County Council
Solicitors
Howells Solicitors, Fitzalan House, Ref: Howells Solicitors, Tel: 029 2040 4020
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.