Lot 25 - 18 Station Road, Burry Port, Carmarthenshire, SA16 0LR

  • Unconditional Online Auction Sale
  • Guide Price* : £78,000 +
  • Bedrooms: 0

Addendum

The reserve and guide price have been reduced.

Lot 25 - Commercial Investment

Description

ONLINE AUCTION from 5th NOVEMBER-7th NOVEMBER

The property is located in a prominent town centre position fronting Station Road, a busy retail and mixed-use location. There are a variety of national retailers in the direct vicinity including Jenkins Baker and CO-OP. The main Burry Port Train Station is also in close proximity. Burry Port is a busy harbour town and popular tourist destination. The town is located 8 miles west of Llanelli and 12 miles south of Carmarthen.

The property comprises a ground floor unit with rear courtyard. The accommodation is currently configured to a well specified café with kitchen and associated staff and WC facilities. The property forms part of a three-storey multi-let building which includes two other ground floor retail units with several residential flats to the upper floors. Pedestrian access is given directly from the pavement off Station Road. Loading and rear access is given via a courtyard to the rear.

Accommodation

Tenant Rent
Floor Size
Ground Floor
Cafe/ retail area 516 sq ft
Kitchen: 175 sq ft
Store / staff area 42 sq ft
WC

Tenancies

The property is currently tenanted from 2022 for a term of five years with break option on the 3rd anniversary. The current rent is £6,600pa. There is an open market rent review on the 3rd anniversary of the term providing an opportunity to increase the rent.

Tenure

Long leasehold - 999 years (less than 3 days from the 23rd November 2016). peppercorn rent if demanded - to be verified by a 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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