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This property has been postponed from auction.
ONLINE AUCTION from 8th NOVEMBER-10th NOVEMBER
A two storey, mid terrace commercial property. We have been advised that the property maybe tenanted and achieving approximately £1,000 a month in rental income.
Paul Fosh Auction have not yet accessed the property but have been advised that it briefly comprises of two ground floor offices, WC and kitchenette, with two offices to the first floor. There is paring to the rear with a secured roller shutter door and access onto a rear lane.
Located on the periphery of Llanelli town centre, this property is prominently positioned on one of the main thoroughfares leading through the town. Located within close proximity to a number of mixed use developments this property would make the ideal investment.
We have been advised that gas water and electric are connected to the site (not tested).
The property was removed from the ratings register on 29th January 2020. Previous to that it had a rateable value of £7,700 (April 2017).
We have been advised that no VAT is due on the sale of this property.
|Floor||Description||Area Sq Ft||Area Sq M|
|Ground Floor||Front Office||339.06||31.5|
|First Floor||Front Office||339.06||31.5|
**Please note that these details are yet to be verified**;
|Tenant||Tenancy Type||Start Date / End Date||Tenancy Term||Rental Amount|
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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