Lot 73 - 17 Stepney Street, Llanelli, SA15 3YB
- Unconditional Online Auction Sale
- Guide Price* : £75,000+
- Bedrooms: 0
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Addendum
The property has sold prior to auction.
Lot 73 - Commercial Investment
Description
ONLINE AUCTION from 23rd JULY-25th JULY
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 1.5% of the purchase price (subject to a minimum of £1,500) 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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Related Documents
Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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