Comprises two retail units with modern selfcontained offices
485 sq m (5,221 sq ft) Offices available to let
Prominent position in historic market town
Nearby occupiers include Lloyds TSB, Co-Op Supermarket and a Wetherspoon’s Public House
Active management potential
Lot 82
Auction 23rd October 2014
Rent £30,066 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On the Instruction of Helix Property Advisors
Property Information
Location
Miles
27 miles north-west of Swansea, 60 miles west of Cardiff
Roads
A40, A48, M4
Rail
Carmarthen Railway Station
Air
Cardiff International Airport
Situation
The property is situated in a prominent position on the southern side of King Street, one of the main town centre thoroughfares. Nearby occupiers include Lloyds TSB, Co-Op Supermarket and a Wetherspoon’s Public House.
Tenure
Freehold.
Location
Miles
27 miles north-west of Swansea, 60 miles west of Cardiff
Roads
A40, A48, M4
Rail
Carmarthen Railway Station
Air
Cardiff International Airport
Situation
The property is situated in a prominent position on the southern side of King Street, one of the main town centre thoroughfares. Nearby occupiers include Lloyds TSB, Co-Op Supermarket and a Wetherspoon’s Public House.
Tenure
Freehold.
Description
The property comprises two ground floor retail units with offices on first and second floors. The office accommodation is accessed via entrances to the front and rear of the property and comprises open plan space with the benefit of raised floors, air conditioning and suspended ceilings.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two ground floor retail units with offices on first and second floors. The office accommodation is accessed via entrances to the front and rear of the property and comprises open plan space with the benefit of raised floors, air conditioning and suspended ceilings.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground First
Retail Offices
192.86 sq m 179.11 sq m
(2,076 sq ft) (1,928 sq ft)
LOCAL WORLD LIMITED (1)
5 years from 31/12/2012 (2)
£23,566
01/12/2017
Ground
Retail
53.51 sq m
(576 sq ft)
INDIVIDUALS (t/a Nyth Nest)
2 years from 01/09/2014 (3)
£6,500 (4)
31/08/2016
Ground First
Offices Offices
285.11 sq m 199.93 sq m
(3,069 sq ft) (2,152 sq ft)
VACANT POSSESSION
Totals
910.52 sq m
(9,801 sq ft)
£30,066
(1) For the year ending 29th December 2013, Local World Limited reported a turnover of £230,579,000, pre-tax profits of £12,749,000 and a total net worth of £5,004,000. (Source: www.riskdisk.com 17/09/2014) (2) The lease to Local World Limited provides a mutual option to determine on or at any time after 1st December 2015, subject to 6 months’ notice. (3) The lease provides an option to determine on the first anniversary of the term, subject to 3 months’ notice. (4) The rental income has been annualised.
Contacts
Seller's Solicitors
Reed Smith LLP The Broadgate Tower, 20 Primrose Street London EC2A 2RS
