Town Centre Commercial Building with Development Potential
A substantial town centre commercial building measuring approximately 11,194 sqft/1040 sqm (measurements provided by VOA) currently set out with the YMCA occupying the ground floor retail unit (not inspected) with storage to the basement areas. To the first floor are a series of partitioned and open plan office space with kitchen/staff room and W/C’s. Suspended ceilings are present as well as the suite benefiting from double glazed (UPVC) fenestration and electric heating (not tested). In our opinion, the building has the potential for residential development subject to all necessary consents. The building is located within the town centre alongside neighbouring office occupiers as well as local and national retailers and benefits from direct access from the street.
See Legal Pack
We are informed that the ground floor is occupied by the YMCA on an occupational lease from 10th July 2019 on the basis of a 3 year lease, with the landlord able to gain vacant possession on 1 months notice after 6 months of the term. The first floor offices are vacant.
Please call Auction House South Wales 02920 475184
Energy Efficiency Rating (EPC)
Current Rating E
Carmarthenshire County Council
Lawrence Stephens Solicitors, 50 Farrington Road, London, ECIM 3HE, Ref: Nisha Saigal, Tel: 02079368888
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 0.25% inc VAT of the purchase price, subject to a minimum of £840 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.