Lot 21 - Former Co-operative Store, College Street, Ammanford, SA18 3AB

  • Unconditional Online Auction Sale
  • Guide Price* : £550,000+

Commercial/Development Opportunity

Description

ONLINE AUCTION from 8th DECEMBER - 10th DECEMBER

A substantial two storey Freehold building, that has formally traded as a Co-op supermarket. The property occupies a prime position within the town adjacent to the local bus station and the main carpark. This versatile building would be ideal for a number of uses in both retail or as hospitality/entertainment industry and also offers scope to divide into separate units or residential (subject to necessary planning consents).

The property provides a total floor area of approximately 2,003 sq.m (21,568 sq.ft) and planning has now been passed for refurbishment and subdivision work to provide a mixed retail leisure and office. The building aso has open A1 retail consent.

There has previously been strong interest from the local authority for the provision of 7-8 flats (at first floor level) and the council have said they will enter into a new lease directly for these (all enquiries to be made via the local authority). There has also been interest from a leading hospitality company for part of the ground floor.

The planning application ref is PL/00112 - Carmarthen County Council

The busy town of Ammanford is a hub for outlying villages with a number of well known retailers and small independent shops. The A483 is easily accessible offering good road access to the M4 and A48 leading to Swansea and Carmarthen.

VIRTUAL TOUR:

Accommodation

Ground Floor: 1,422 sq.m (15,309 sq. ft)
First Floor: 581 sq.m (6,259 sq. ft)
Total 21,568 sq.ft

Tenancies

To be sold with vacant possession

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 1.2% of the purchase price (subject to a minimum of £750) 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. Please check accompanying legal pack for further details.

* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. 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.

Bidding not yet open
Minimum Opening Bid

£500,000


Bidding Opens On
8th Dec 2020 12:00
End Date

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Office Contact

Sean Roper - sean@paulfoshauctions.com

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Paul Fosh Auctions, 01633 254 044
01633 254044

Documents

Legal Documents

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