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The Grange, Vauxhall Road, Llanelli, SA15 3BD

For Sale £ 950,000 For Sale
Llanelli  SA15 3BD Commercial Commercial Commercial Department » Print this page

 

Situation
This large investment opportunity is situated on Vauxhall Road, Llanelli, approximately 2 minutes from Llanelli town centre. Occupying a prominent and highly visible position, the area is populated by office blocks, a pharmacy and doctors practice. The area is predominantly of a residential nature.
Description
Briefly, this two storey mixed use building has recently been renovated to a high standard and is occupied by local covenants. The ground floor is predominantly occupied by a café and restaurant, and a child day care centre. The first floor is used as office space.
Lease Details
There are currently three Tenants occupying the property. All Tenants are on formal leases with at least 5 years remaining. These leases are available to view at our office in Swansea.
We have been informed that the Freeholder is willing to offer a personal guarantee. Additional information is available upon request.
There is currently an income of £126,000 per annum exclusive. Based on the current rents, a Gross Initial Yield of 13.26% is possible.
Terms
The Freehold interest in our clients property is available to purchase for £950,000 (Nine Hundred and Fifty Thousand Pounds).
Viewing
To make an appointment to view this premises, all interested parties are advised to contact the Sole Selling Agent, Dawsons Commercial.
Under no circumstances are any approaches to be made to the current Tenants.

Situation
This large investment opportunity is situated on Vauxhall Road, Llanelli, approximately 2 minutes from Llanelli town centre. Occupying a prominent and highly visible position, the area is populated by office blocks, a pharmacy and doctors practice. The area is predominantly of a residential nature.


Description
Briefly, this two storey mixed use building has recently been renovated to a high standard and is occupied by local covenants. The ground floor is predominantly occupied by a café and restaurant, and a child day care centre. The first floor is used as office space.

Lease Details
There are currently three Tenants occupying the property. All Tenants are on formal leases with at least 5 years remaining. These leases are available to view at our office in Swansea.We have been informed that the Freeholder is willing to offer a personal guarantee. Additional information is available upon request.There is currently an income of £126,000 per annum exclusive. Based on the current rents, a Gross Initial Yield of 13.26% is possible.


Terms
The Freehold interest in our clients property is available to purchase for £950,000 (Nine Hundred and Fifty Thousand Pounds).


Viewing
To make an appointment to view this premises, all interested parties are advised to contact the Sole Selling Agent, Dawsons Commercial.Under no circumstances are any approaches to be made to the current Tenants.

Andrew Cox
01792 478 907
andrew.cox@dawsonsproperty.co.uk

Matthew Mason
01792 478 908
matthew.mason@dawsonsproperty.co.uk