Retail premises for sale in 31 Quay Street, Ammanford SA18
* Calls to this number will be recorded for quality, compliance and training purposes.
Property features
- Mixed use investment oppourtunity
- 8.9% gross initial yield
- Gross income £15,200pax
Property description
Location
The property is located in a prominent position on Quay Street, which is the main pedestrianised area of Ammanford Town Centre. Ammanford is located approximately 5 miles from the M4 motorway and approximately 17 miles from Swansea City Centre. Nearby occupiers include a mix of local and national retailers including, Greggs, Card Factory, Lloyds Bank, Home Bargains, Iceland and Jenkins Bakery.
Description
The property comprises a three-story commercial premises, comprising a ground floor shop, together with a self-contained first and second floor office. The ground floor shop is accessed via a glazed shop front from the pedestrianised Quay Street and comprises a main sales area, supported by a walkthrough office room, staff kitchen and WC facilities. The retail premises is currently occupied by wam Enterprises Limited T/a The Vape Escape. The first and second floors are also accessed via a separate access from Quay Street and are occupied by Salter Kelly Solicitors. Internally the offices comprise of a number of cellular office rooms with staff kitchen and WC facilities.
Tenure
The property is available Freehold.
Terms
The Freehold of the entire building is for sale at an asking price of £170,000 which equates to a gross initial yield of 8.9%.
Lease terms:
Ground Floor: Occupied on a 5 year internal repairing and insuring Lease with 3rd year tenant only break option to wam Enterprises Limited T/a The Vape Escape. Let at an agreed Rent of £10,000pax.
First/Second Floor Office: Occupied on a 5 year internal repairing and insuring Lease with 3rd year tenant
only break-option. Let at an agreed Rent of £5,200pax
Further Lease details and tenant information can be provided upon application.
EPC rating
Available upon request.
VAT
All figures are exclusive of VAT, where applicable.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Glanmor Chartered Surveyors, SA1 on +44 1792 738827 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Glanmor Chartered Surveyors, and do not constitute property particulars. Please contact Glanmor Chartered Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.