Substantial Freehold Retail and Residential Ground Rent Investment
Majority let to Polish Supermarket until October 2028 (No breaks)
Includes one vacant shop to let
Residential flats above let on long lease
Town centre location
Lot 44
Auction 9th July 2024
Rent £11,350 per Annum Exclusive plus vacant shop
Status Sold Prior
Price
Sector High Street Retail/Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
12 miles north-west of Swansea, 54 miles north-west of Cardiff
Roads
A476, A484, A4138, A4214, M4 (Junction 48)
Rail
Llanelli Railway Station
Air
Cardiff International Airport
Situation
The property is situated on the west side of Cowell Street, close to its junction with Stepney Street, in the heart of the town centre. Nearby occupiers include Job Centre Plus, Specsavers and branches of Halifax and Nationwide Banks.
Tenure
Freehold.
Location
Miles
12 miles north-west of Swansea, 54 miles north-west of Cardiff
Roads
A476, A484, A4138, A4214, M4 (Junction 48)
Rail
Llanelli Railway Station
Air
Cardiff International Airport
Situation
The property is situated on the west side of Cowell Street, close to its junction with Stepney Street, in the heart of the town centre. Nearby occupiers include Job Centre Plus, Specsavers and branches of Halifax and Nationwide Banks.
Tenure
Freehold.
Description
The property comprises a supermarket and one vacant shop arranged on the ground and basement floors, with residential accommodation arranged on the first, second, third and fourth floors, let on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a supermarket and one vacant shop arranged on the ground and basement floors, with residential accommodation arranged on the first, second, third and fourth floors, let on a long lease.
VAT
VAT is applicable to this lot.
Completion Period
Six Week 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.
Rent Review
Ground Basement
Supermarket Ancillary
257.56 141.10
(2,773) (1,519)
A. K. SALEH (t/a Zabka Polski Supermarket)
10 years from 11/10/2018
£10,000
-
Ground
Retail/Ancillary
135.64
(1,460)
VACANT
-
-
-
First/Second/Third
-
-
PB RESIDENTIAL LTD
125 years less 3 days from 06/09/2004
£1,350 rising to £2,025 in 2029
06/09/2029 and 25 yearly thereafter
Total
534.30
(5,752)
£11,350
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.
