Lot 77 - 40 Spilman Street, Carmarthen, Carmarthenshire, SA31 1LE

  • Unconditional Online Auction Sale
  • Guide Price* : £175,000+
  • Bedrooms: 0

Lot 77 - Development Opportunity

Description

ONLINE AUCTION from 14th APRIL - 16th APRIL

A substantial four storey Grade II listed freehold building situated in Carmarthen town centre.

The property comprises a gross internal area of approximately 744.2 Sq m (8,010 Sq ft).

The building has planning for development of apartments. The proposed development would comprise of eight flats.

The property fronts Spilman Street and is situated between Queen Street and Bank Lane. Carmarthenshire County Council (County Hall) is within close proximity. Occupiers nearby include, University of Wales, The Lyric Theatre, Ivy Bush Royal Hotel and the Spilman Hotel. The A48 is approximately 0.5 miles to the south providing links to Swansea and Cardiff in the south-east via the M4. The county of Carmarthenshire is ideally situated for the wonderful coastline near Llanelli and the city of Swansea.

Planning: Planning has been granted for conversion of the building into flats – Planning Ref W/38753

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/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) 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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Paul Fosh Auctions
01633 254044

Office Contact

Sean Roper
01633254044

Documents

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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