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

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.