Lot 111 - 9-11 Old Castle Road, Llanelli, Dyfed, SA15 2SL
Guide Price* : £175,000+
- Unconditional Online Auction Sale
Lot 111 - Commercial Investment & Redevelopment Opportunity
Description
ONLINE AUCTION from 28th July – 30th July
A substantial freehold commercial property comprising two adjoining commercial premises occupying a position on Old Castle Road, Llanelli. The property offers flexible accommodation including a large open-plan commercial area, offices, treatment rooms and a self-contained commercial unit with independent access.
The property is offered with vacant possession, with the exception of one self-contained unit. We have been informed by the landlord that this unit is currently let to a Housing Association at a passing rent of £688 per calendar month, with approximately 12 months remaining on the existing lease.
Benefiting from rear access and off-road parking, the property offers excellent asset management potential with scope to generate multiple rental income streams. Subject to the necessary planning consents, purchasers may also wish to explore the potential for conversion into approximately 7–8 residential apartments, making this an attractive redevelopment opportunity.
We have been informed by the landlord that the property has historically operated as a successful multi-let commercial premises with a variety of occupiers. The flexible layout provides purchasers with the opportunity to re-let the remaining accommodation to multiple tenants or reconfigure the space to suit their own investment or business requirements, subject to any necessary consents.
Tenancies
To be sold subject to one existing tenancy (Housing Association), with the remainder of the property offered with vacant possession.
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* : £175,000+
- Unconditional Online Auction Sale
Lot 111 - Commercial Investment & Redevelopment Opportunity
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
Legal Documents
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