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The reserve and guide price have been reduced.
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.
Tenant | Rent |
---|---|
Floor | Size |
Ground Floor | |
Cafe/ retail area | 516 sq ft |
Kitchen: | 175 sq ft |
Store / staff area | 42 sq ft |
WC |
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.
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: 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.
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.
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