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UNDER OFFER - 23 Stepney Street, Llanelli, SA15 3YB

For Sale £ 160,000 For Sale
Llanelli  SA15 3YB Commercial Commercial Commercial Department » Print this page

Situation

Situated Llanelli Town Centre, this mid terrace premises occupies a prominent trading position. Neighbours include banks along with other national and local covenants.

Description

Briefly comprising a ground floor retail premises with ancillary staff facilities to the rear and seating for members of the public. The first floor comprises a further seating area.

Lease Terms

The premises is occupied by a lease dated 2015 for a term of 5 years at a passing rent of £16,640 pax payable monthly in advance. We understand the property is occupied on IRI terms. We advise interested parties to take legal advice on the lease terms.

Based on the current rent, a gross initial yield of 10.4% is achievable.

Size

This accommodation has a Net Internal Area of 176 m2 (1893 ft2).

Terms

The Freehold interest in our clients premises is available at offers in the region of £160,000 (One Hundred and Sixty Thousand Pounds).

Rateable Value

The premises has a rateable value of £5,400 (2017). Interested parties are advised to discuss this with the local authority.

Viewing

Please contact the sole selling agent, Dawsons.

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

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