Lot 53 - 23 Red Street, Carmarthen, Dyfed, SA31 1QL
Guide Price* : £140,000+
- Unconditional Online Auction Sale
Lot 53 - Prime Corner Commercial Investment
Description
ONLINE AUCTION from 28th July - 30th July 2026
A prominent double-fronted corner commercial investment occupying a highly visible position fronting both Red Street and John Street, producing an immediate rental income from the established national telecommunications provider Hutchison 3G UK Limited (trading as Three).
We have been informed by the landlord that the property is let to Hutchison 3G UK Limited at a passing rent of £25,000 per annum on a 5-year lease expiring on 25th January 2029.
Three is one of the UK's leading mobile network operators, providing mobile phone, broadband and business communication services to millions of customers nationwide through its extensive network of retail stores and digital services. The company forms part of CK Hutchison Holdings, a global telecommunications and infrastructure group, providing investors with the benefit of an established national tenant.
The property represents an attractive investment opportunity, offering an immediate rental income from a recognised national occupier in a prominent town centre location.
Tenancies
Tenant: Hutchison 3G UK Limited (trading as Three)
Passing Rent: £25,000 per annum
Lease Term: 5 years
Lease Expiry: 25th January 2029
Tenure
Leasehold – 125 years from 21st January 1983 (approximately 82 years unexpired), to be verified by the purchaser's 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* : £140,000+
- Unconditional Online Auction Sale
Lot 53 - Prime Corner Commercial Investment
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Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
Legal Documents
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