Lot 131 - 19 Red Street, Carmarthen, Dyfed, SA31 1QL
Guide Price* : £88,000+
- Unconditional Online Auction Sale
Lot 131 - Commercial Opportunity
Description
ONLINE AUCTION from 6th - 8th October
A mid-terrace commercial property situated within a busy town centre location, formerly let to the established national retailer Warren James (Jewellers) Limited.
Warren James had occupied the property since 2016, with the previous lease producing a rental income of £33,000 per annum. The property is now to be sold with vacant possession, providing an opportunity for an owner occupier or investor to secure a prominent town centre retail premises.
We have been advised that the property could potentially achieve a rental income in the region of £20,000-£25,000 per annum if re-let to a new tenant, subject to market conditions.
We have also been advised that a dilapidations claim/schedule totalling £58,073.28 has been calculated in relation to the former tenancy. Prospective purchasers should refer to the legal pack and satisfy themselves as to the status, recoverability and benefit of any dilapidations claim.
The property represents an attractive opportunity to acquire a vacant commercial property in a prominent town centre location with potential to generate future rental income.
Lease Start Date
21/01/1983
Lease Duration
125 years (81 years unexpired)
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* : £88,000+
- Unconditional Online Auction Sale
Lot 131 - Commercial Opportunity
Viewing
Paul Fosh Auctions
Office Contact
James Hollingsworth
Documents
Legal Documents
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