Lot 8 - 43 Lammas Street, Carmarthen, SA31 3AL
- Unconditional Online Auction Sale
- Guide Price* : £115,000+
- Bedrooms: 1
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Lot 8 - Two Commercial Units & Four Flats
Description
ONLINE AUCTION from 11th APRIL-13th APRIL
The property is briefly comprised of two commercial units and four flats.
Located on the ground floor there are two commercial units, both of which are tenanted with well established tenants.
44 Lammas Street is currently operating as a Letting agency, and is generating a rental income of £563 per month. The tenants have been in situ for approximately 10 years.
43 Lammas Street are currently operating as a hairdressers, and have been in situ for approximately 30 years, during this time they have built a good client base. They are currently generating a rental income of £542 per month.
Additionally there are four tenanted flats achieving a combined rental income of £1,625 pcm
The property is currently generating an annual rental income of £32,760, based on our guide price this achieves a 28.49% yield.
Location
Prominently positioned on an established high street in Carmarthen this property gains good levels of footfall. There are a number of local and national retailers within close proximity including Wilko, TK Maxx, Holland and Barrett and The Works.
Situated approximately a 4 minute drive to Carmarthen train station, and the A40 this property has ideal transport links for commuters.
Services
The property benefits from gas, water and electric (not tested).
Business Rates
Paid by tenants
VAT
We have been informed that there is no Vat due on the sale of this property.
Please Note: All viewings are scheduled. Please either book via the website or ring the office.
Council Tax Band
A
Accommodation
| Floor | Description | Area Sq Ft | Area Sq M |
|---|---|---|---|
| Commercial Unit 1 (Hairdressers) | Retail Area | 150.36 | 13.96 |
| Salon | 108.36 | 10.06 | |
| Kitchenette | 52.5 | 4.87 | |
| WC | |||
| Commercial Unit 2 (Estate Agent) | Retail Area | 247.08 | 22.95 |
| Office | 151.2 | 14.04 | |
| WC | |||
| Kitchenette | |||
| Flat 1 | Kitchen/Living Room | 143.59 | 13.33 |
| Bathroom | 35.7 | 3.31 | |
| Bedroom | 110.08 | 10.22 | |
| Flat 2 (Maisonette) | Living Room | 124.60 | 11.57 |
| Bathroom | 33.6 | 3.12 | |
| Kitchen | 45.75 | 4.25 | |
| Bedroom | 117.5 | 16.49 | |
| Flat 3 | Bathroom | 50.76 | 4.71 |
| Kitchen/Living Room | 112.80 | 10.47 | |
| Bedroom | 122.2 | 11.35 | |
| Flat 4 | Kitchen/Living Room | 224.29 | 20.83 |
| Bathroom | 37.26 | 3.46 | |
| Bedroom | 92.56 | 8.59 | |
| Outside | Garden to the rear |
Tenancy
| Tenant | Tenancy Type | Start Date / End Date | Tenancy Term | Rental Amount |
|---|---|---|---|---|
| Commercial Unit 1 (Hairdressers) | Periodic | Approx 1988 | In situ approx. 25 years | £542pcm |
| Commercial unit 2 (Estate Agent) | Periodic | Approx 2013 | In situ approx. 10 years | £563pcm |
| Flat 1 | Periodic | Unknown | Unknown | £395pcm |
| Flat 2 (Maisonette) | Periodic | June 2020 – current | 3 years at present | £410pcm |
| Flat 3 | Periodic | Unknown | Unknown | £410pcm |
| Flat 4 | Periodic | 2019 - current | 4 years at present | £410pcm |
| Total | £2,730 |
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 £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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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Conditional Auctions
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Conditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Related Documents
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.
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