Lot 128 - 45 Stepney Street, Llanelli, Dyfed, SA15 3YB
Guide Price* : £25,000+
- Unconditional Online Auction Sale
Lot 128 - High Street Retail & Development Opportunity
Description
ONLINE AUCTION from 28th July – 30th July
A mid-terrace retail premises occupying a prominent position along Stepney Street, one of Llanelli's principal retailing locations. Formerly occupied by Morgan Opticians, the property presents an excellent opportunity for owner-occupiers, investors and developers alike.
The property extends to approximately 196.85 sq m (2,119 sq ft), in accordance with the VOA, and is currently arranged as a Class A1 retail premises. Subject to the necessary planning consents, purchasers may wish to explore the potential for residential accommodation to the upper floor, providing an opportunity to maximise both the property's value and future income potential.
The property has a Rateable Value of £7,000 (effective from 1 April 2026) and is suitable for a variety of retail, commercial or alternative uses, subject to obtaining the necessary consents.
The property is offered with vacant possession, allowing purchasers the flexibility to occupy the premises for their own business, secure a new tenant to generate rental income, or explore redevelopment opportunities.
Rateable Value: £7,000 (effective from 1 April 2026)
Accommodation
Approximately 196.85 sq m (2,119 sq ft) (VOA)
Tenancies
To be sold with vacant possession
Tenure
Leasehold – we have been informed by the vendor that there are approximately 22 years remaining on the lease, to be verified by a 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* : £25,000+
- Unconditional Online Auction Sale
Lot 128 - High Street Retail & Development Opportunity
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
Legal Documents
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