Lot 40 - 17 Stepney Street, Llanelli, SA15 3YB

  • Unconditional Online Auction Sale
  • Guide Price* : £73,000+
  • Bedrooms: 0

Lot 40 - Commercial Investment

Description

ONLINE AUCTION from 14th MAY-16th MAY

The property comprises of a three story mid terrace unit with a two storey rear addition.

The property was previously occupied by a popular high street retailer and would be suitable for use as a retail store or alternative use subject to the relevant consents.

It is anticipated that the property would let for approximately £15,000 per annum.

Location
The property is located in a prime location in the heart of Llanelli town centre which is close to prominent occupiers which include Santander, Boots, Home Bargains and Lloyds Bank.

Business Rates
Current rateable value is £11,000. The property is classified as ‘Shop and premises'.

VAT
Vendor has advised that VAT will be payable on the sale price.

Lease Start Date

25/03/1986

Lease Duration

125 years (86 years unexpired)

Accommodation

Floor Area Sq Ft Area Sq M
Ground Floor 1,986 184.5
First Floor 1,692 157.2
Second Floor 495 46.0
Total 4,173 387.7

Tenancies

To be sold with vacant possession

Tenure

Advised Leasehold - to be verified by solicitor

Auction Fees And Additional Costs

Auction fees: The sale of each lot is subject to a buyer’s premium of 1.2% of the purchase price (subject to a minimum of £1,200) 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.

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Hunt & Thorne Chartered Surveyors

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