Lot 18 - Llys Morfa, 3-4 George Street, Llandeilo, SA19 6AS

  • Unconditional Online Auction Sale
  • Guide Price* : £115,000+
  • Bedrooms: 0

Lot 18 - Office Investment Opportunity

Description

ONLINE AUCTION from 30th AUGUST-1st SEPTEMBER

The property is comprised of three self contained offices located on the ground floor of a prestigious triple bay building. The upper floors of the building are arranged as residential units. Subject to the relevant planning consents there may be potential for converting the ground floor into apartments.

The property has been fully refurbished in recent years and is being sold with a benefit of a long lease (990+ years).

Location
The property is located in a convenient location, close to the main shopping area of Llandeilo, an attractive market town. There are a selection of local amenities within close proximity. The property is close to the junction of Carmarthen Street and in turn just a short walk from the town centre.

Planning Permission
Full Planning Permission was granted in 2008 for conversion to form offices NO 1,2&3 and residential units 4,5,6,7,8, Morfa Bach to retain residential use; resulting in a change of use for unit 2. Further information can be found via Carmarthenshire Council Application reference E/19213

Services
The property benefits from water and electricity (not tested).

Business Rates
Currently exempt due to small business rates relief

Council Tax
Flat 4: B
Flat 5: C
Flat 6: B
Flat 7: C
Flat 8: Unknown

VAT
Vendor has advised that there is no VAT due on the sale of this property (to be confirmed by a solicitor).

Please Note: There is a secure gate and fence being erected at the back of the property. The cost is £3,300 + VAT which will be split between the three buildings.

Lease Start Date

08/04/2011

Lease Duration

999 years (988 years unexpired)

Accommodation

Floor Description Area Sq Ft Area Sq M
Unit 1 Room 1 131.86 12.25
WC 44.24 4.11
Unit 2 Room 1 190.74 17.72
Room 2 124.97 11.61
Unit 3 Room 1 295.36 27.44
Room 2 239.38 22.24
WC 33.81 3.14

Tenancies

To be sold with vacant possession

Tenure

Advised Leasehold - to be verified by solicitor (new 990+ year lease)

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 £975) 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

Debra Bisley

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