6 Vaughan Street Llanelli SA15 3TY

6 Vaughan Street
Llanelli
SA15 3TY

Freehold Town Centre Retail Investment

Let to Savers Health and Beauty Limited (t/a Savers)
5 year lease from January 2020 (subject to option)
January 2022 tenant break option not exercised
Approximately 10,596 sq ft
Nearby retailers include Superdrug, Boots the Chemist, Home Bargains and Greggs.
VAT-free investment

Lot
37
Auction
12th July 2022
Rent
£17,500 per Annum Exclusive
Status
Sold
Price
£206,000
Auction Venue
Live Streamed Auction

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Freehold Town Centre Retail Investment

Let to Savers Health and Beauty Limited (t/a Savers)
5 year lease from January 2020 (subject to option)
January 2022 tenant break option not exercised
Approximately 10,596 sq ft
Nearby retailers include Superdrug, Boots the Chemist, Home Bargains and Greggs.
VAT-free investment

Lot 37
Auction 12th July 2022
Rent £17,500 per Annum Exclusive
Status Sold
Price £206,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 12 miles north-west of Swansea, 54 miles north-west of Cardiff
Roads: A484, A476, M4 (Junction 48)
Rail: Llanelli Railway Station
Air: Cardiff International Airport

Situation

The property is situated in a prominent position on the eastern side of Vaughan Street, one of the town's primary retail thoroughfares. Nearby occupiers include Superdrug, Boots the Chemist, Home Bargains and Greggs.

Tenure

Freehold.

Location

Miles: 12 miles north-west of Swansea, 54 miles north-west of Cardiff
Roads: A484, A476, M4 (Junction 48)
Rail: Llanelli Railway Station
Air: Cardiff International Airport

Situation

Tenure

Freehold.

Description

The property comprises a large shop arranged on the ground floor with ancillary accommodation arranged on the basement, first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

6 weeks completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a large shop arranged on the ground floor with ancillary accommodation arranged on the basement, first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

6 weeks completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground Basement First Second	Retail/Ancillary Ancillary Ancillary Ancillary	258.50 259.90 210.60 255.39	(2,782) (2,798) (2,267) (2,749)	SAVERS HEALTH AND BEAUTY LIMITED (1) (t/a Savers)	5 years from 09/01/2020 (2) on a full repairing & insuring lease	£17,500
Total		984.30	(10,596)			£17,500

(1) For the year ending December 2020, Savers Health & Beauty Limited recorded a pre-tax profit of £40,311,000 , turnover of £536,123,000 and a shareholders funds of £125,402,000 (Northrow 08/06/2022) Savers trade from over 400 stores in England, Scotland, Wales and Northern Ireland (www.savers.co.uk)
(2) The lease is subject to a tenant option to determine on 09/01/2024. The tenant did not operate their option to determine on 09/01/2022

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.