Lot 73 - 17 Stepney Street, Llanelli, SA15 3YB
Lot 73 - 17 Stepney Street, Llanelli, SA15 3YB
Addendum
The property has sold prior to auction.
Guide Price* : £75,000+
- Unconditional Online Auction Sale
Lot 73 - Commercial Investment
Description
ONLINE AUCTION from 23rd JULY-25th JULY
The property comprises of a three story mid terrace unit with a two storey rear addition.
The property was previously occupied by a popular high street retailer and would be suitable for use as a retail store or alternative use subject to the relevant consents.
It is anticipated that the property would let for approximately £15,000 per annum.
Location
The property is located in a prime location in the heart of Llanelli town centre which is close to prominent occupiers which include Santander, Boots, Home Bargains and Lloyds Bank.
Business Rates
Current rateable value is £11,000. The property is classified as ‘Shop and premises'.
VAT
Vendor has advised that VAT will be payable on the sale price.
Lease Start Date
25/03/1986
Lease Duration
125 years (86 years unexpired)
Accommodation
| Floor | Area Sq Ft | Area Sq M |
|---|---|---|
| Ground Floor | 1,986 | 184.5 |
| First Floor | 1,692 | 157.2 |
| Second Floor | 495 | 46.0 |
| Total | 4,173 | 387.7 |
Tenancies
To be sold with vacant possession
Tenure
Advised Leasehold - 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* : £75,000+
- Unconditional Online Auction Sale
Lot 73 - Commercial Investment
Viewing
Hunt & Thorne Chartered Surveyors
Office Contact
Debra Bisley
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.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.