Retail premises for sale in 31 Quay Street, Ammanford SA18

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.