Lot 59 - 13 John Street, Llanelli, SA15 1UH
- Unconditional Online Auction Sale
- Guide Price* : £63,000+
- Bedrooms: 0
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Addendum
The property has been postponed from auction.
Lot 59 - Commercial Development Opportunity
Description
ONLINE AUCTION from 29th JULY-31st JULY
A commercial unit with planning permission to develop into 2 x 2-bedroom flats. The proposed plans consist of a ground floor two bedroom with large open plan kitchen/diner, 2 x double bedrooms, 1 x bathroom, storage, and patio. The first floor flat consists of kitchen/diner, living room, 2 x bedrooms, and bathroom
Open market rental value £750 PCM per flat - Total £1500 per 2 flats
You wouldn’t be able to use grant money if you rented privately.
The property could possibly benefit from a council grant, however subject to application and T&Cs.
Lease scheme - Figures below are indicative and should be checked with local authority.
The current owner has been granted but you would need to re-apply.
£487.50 PCM per flat guaranteed money – Total £975 PCM . Depends on what timescales you go for lease wise.
25 - year lease will get you £30K grant made up of £25k grant money and £5K EPC grant. Total £30K per flat. Total £60,000
5 - year lease will get you £15K grant made up of £10k grant money and £5K EPC grant. Total £15K per flat. Total £30,000
Services:
Gas, Electric, Mains water, Main drainage.
Rear lane access - The property benefits from a designated private parking space at the front of the property.
Location:
Llanelli lies on the Carmarthen Estuary 20 minutes drive to the city of Swansea and within easy proximity of the M4 motorway and providing a busy town centre close to the property with busy shopping precinct and wide range of amenities.
VIRTUAL TOUR
Tenancies
To be sold with vacant possession
INVESTORS: If you are looking for assistance in tenant find and/or management packages, information on rental income/interest potential we have a Lettings Department that can help you. Please call us or email lettings@paulfoshlettings.com for invaluable advice.
Tenure
Advised Freehold - 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
Legal Documents
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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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