Lot 39 - 10 Causeway Street/9 Forde Court (SA17 4SJ), Kidwelly, Dyfed, SA17 4SU
Guide Price* : £125,000+
- Unconditional Online Auction Sale
- 2 Bedrooms
Lot 39 - Residential/Commercial Investment Opportunity
Description
ONLINE AUCTION from 29th AUGUST-31st AUGUST
An opportunity to acquire a substantial investment opportunity comprising a shop unit with flat over and 2 bedroom semi-detached bungalow. The property is fully let with the residential tenants having been in occupation for a number of years.
The property is situated in the heart of Kidwelly close to local amenities, shops and good road links to Llanelli and Carmarthen via the A484. The town is well known for its castle and is a popular tourist destination due to its close proximity to some of Wales' most stunning coastline.
Accommodation
Please note no internal inspection has been carried out by auctioneers however we are advised it comprises:
Shop: Retail sales area, 2 further rooms and kitchenette
First Floor Flat: Open plan living room, 2 bedrooms, kitchen, bathroom ( approx. 98sq mts and may offer scope to convert to 2 flats in the future - subject to nesssary plannning consents)
Bungalow: Lounge, kitchen, 2 bedrooms, bathroom and rear garden
Council Tax Band
B
Tenancies
Shop let at £350.00 pcm
Flat let at £500.00 pcm
Bungalow let at £600 pcm
Total annual income £17.400p/a (13.7% yield on guide price)
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Guide Price* : £125,000+
- Unconditional Online Auction Sale
- 2 Bedrooms
Lot 39 - Residential/Commercial Investment Opportunity
Viewing
Paul Fosh Auctions
Office Contact
Sean Roper
Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
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