Retail premises for sale in Sycamore Street, Newcastle Emlyn SA38

Offers in region of £360,000
Retail premises for sale
Interested in this property? Call +44 1834 487980 * or Request Details

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Property features

  • Prominent Town Centre Premises
  • Two Retail Units (One Let)
  • Well Refurbished Flat (Currently Let)
  • Second Shop Can Be Let or Owner Occupied
  • Potential To Convert Rear Stores To Residential or Offices (stp)

Property description

Town centre premises fronting Newcastle Emlyn's main shopping street and which historically traded as the White Hart. The premises now comprise two ground floor retail units with Unit 1 extending to approximately 363 sq ft (33.73 sq m) and is currently let while Unit 2, approximately 847 sq ft (78.72 sq m) is vacant.

On the first floor is a substantial well refurbished 2 bedroom flat which is self contained and with access from the rear courtyard. The flat is currently let and income producing.

To the rear is a small courtyard with access to the shops along with their WC facilities. There is also access to the detached stores building, which in part is on two floors and which in the past had planning consent for office use. The building therefore gives potential for either letting for storage or change of use to residential, offices etc subject to planning consent.
The rear boundary to the site will be 6 metres from the rear of the larger storage building.

Location

Newcastle Emlyn is one of the largest towns in north Carmarthenshire and is the focal point from the surrounding area in part due to its active cattle market. The town centre provides the shopping needs of the local population as well as acting as a centre for the busy tourist trade especially in the summer months and around school holidays.

Accommodation

The approximate floorspaces are that retail Unit 1 is 363 sq ft (33.73 sq m) and Unit 2 is 847 sq ft (78.72 sq m).
To the rear is the building most recently used for storage and includes the WC serving the shops and which in the past had planning for offices. It has a total ground floor area of 572 sq ft (53.86 sq m) plus the first floor area which we were unable to measure. To the rear of this are two further small store which we were also unable to measure.
There is a further store to the rear of retail Unit 2 of 153 sq ft (14.27 sq m)

Tenure

The premises are available freehold with vacant possession of retail Unit 2.

The sale is subject to the occupiers of retail Unit 1 who are currently holding over from a 1 year lease from November 2017 at a rent of £4,800 per annum as well as the flat being let on an AST basis at a monthly rent of £476.66p.

A copy of the lease and AST agreement is available from John Francis.

Price

Offers are invited in the region of £360,000.

Rates/Council Tax

According to the web site the Ratable Value for Retail Unit 1 is £4,850 and for Unit 2 £11,500 with the flat in Council Tax Band A.
Currently the occupiers of shop Unit 1 and the the flat are responsible for payment of rates (if any) and council tax respectively.

Energy Performance Certificate (Epc)

EPCs are currently being assessed and details will be available in the near future.

Availability

Immediately upon completion of legal formalities.

Viewing Arrangements

Please contact David Cochlin in our Commercial Department on or via email to

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Property info

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For more information about this property, please contact
John Francis - Narberth Commercial, SA67 on +44 1834 487980 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by John Francis - Narberth Commercial, and do not constitute property particulars. Please contact John Francis - Narberth Commercial 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.

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