Lot 52 - 40 Thomas Street, Llanelli, SA15 3JA

  • Unconditional Online Auction Sale
  • Guide Price* : £105,000+

Addendum

This property has been postponed from auction.

Description

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.

Location
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.

Services
We have been advised that gas water and electric are connected to the site (not tested).

Business Rates
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).

VAT
We have been advised that no VAT is due on the sale of this property.

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Front Office 339.06 31.5
Kitchenette 27.44 2.55
Rear Office 223.88 20.8
First Floor Front Office 339.06 31.5
Rear Office 324.63 30.16

Tenancy

**Please note that these details are yet to be verified**;

Tenant Tenancy Type Start Date / End Date Tenancy Term Rental Amount
Unknown Unknown Unknown Unknown Approx. £1,000

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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