Lot 57 - 7 Stephny Street, Llanelli, SA15 3YB

  • Unconditional Online Auction Sale
  • Guide Price* : £80,000+
  • Bedrooms: 0

Lot 57 - High Street Commercial Investment

Description

ONLINE AUCTION from 20th JUNE-22nd JUNE

The property is arranged on ground and first floors to provide a shop unit and ancillary accommodation above. There is an additional part of the building which Paul Fosh Auctions have not been able to gain access to but it reportedly contains seven rooms which were previously used as offices.

The property was previously used as a Bon Marche Store, with the ground floor containing approximately 2,001 sq.ft. of trading space.

There is an entrance to the rear of the property which provides access to a service yard.

Location
Located in the heart of Llanelli town centre, within the pedestrianised area this property is situated amongst a number of independent and nation retailers such as Santander, Shoe Zone and Boots.

The property is also situated within close proximity to the Market Street North Scheme which is a scheme aimed at increasing footfall in the area and includes a proposed new development which will include a mixed use arcade, including residential, retail, office and bar/restaurant units.

The town is served by the A484, A476 and A4138 which provided direct access to Junction 48 of the M4 motorway.

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

VAT
We have been informed that this property is not opted for VAT.

Business Rates
We have been advised that the property is currently listed as ‘shop and premises’ with a current rateable value of £12,250.

Lease Start Date

25/12/1989

Lease Duration

125 years (91 years unexpired)

Accommodation

Floor Description Area Sq Ft Area Sq M
Ground Floor Retail Area 1832.01 170.20
First Floor Office 51.13 4.75
Stock Room
Male wc
Female wc 525.28 48.8
Kitchen

Tenancies

To be sold with vacant possession

Tenure

Advised Leasehold - 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 £1,200) 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

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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