Retail premises for sale in Heol Y Neuadd, Tumble, Llanelli SA14

The subject property comprises an end terraced three-storey mixed use premises, comprising a ground floor retail unit with a self-contained residential apartment arranged over the upper floors.

We note that the ground floor retail unit is currently occupied and trading as Tumble Stores, which is a local independent convenience store, comprising the main sales/ retail area to the front with a shop depth of approximately 14.98m. The main sales area is also supported by ancillary accommodation located directly to the rear, comprising a large store area and staff w.c. Facilities.

The self-contained residential accommodation, which can be accessed independently to the rear of the main building and arranged over two floors, comprises two bedrooms, one reception room, kitchen and the bathroom.

The subject premises is also located within a relatively large plot, which also accommodates an enclosed yard area and compound to the rear and accessed off the side elevation, via a set of security gates directly off Heol Y Neuadd to the front. An additional means of vehicular access over the enclosed compound is also available to the southwest over the rear lane, from Penpacr. The large enclosed compound also accommodates an additional storage unit, currently occupied for use as storage.

The subject premises is situated within a site area of 0.155 acre (0.063 hectare), which has the potential to be extended further to the rear to accommodate a much larger retail unit, subject to the necessary statutory consents.

Description

The subject property comprises an end terraced three-storey mixed use premises, comprising a ground floor retail unit with a self-contained residential apartment arranged over the upper floors.

We note that the ground floor retail unit is currently occupied and trading as Tumble Stores, which is a local independent convenience store, comprising the main sales/ retail area to the front with a shop depth of approximately 14.98m. The main sales area is also supported by ancillary accommodation located directly to the rear, comprising a large store area and staff w.c. Facilities.

The ground floor retail unit is fully fitted and equipped for its intended use include a range of freestanding shelving over the main sales floor, fixed wall mounted shelving, various refrigerated display shelving, glass lid chest freezers, sales counter with epos system, an integrated CCTV system, etc. The business also benefits from lotto sales and a licence for the sale of alcohol.

The self-contained residential accommodation, which can be accessed independently to the rear of the main building and arranged over two floors, comprises two bedrooms, one reception room, kitchen and the bathroom.

The subject premises is also located within a relatively large plot, which also accommodates an enclosed yard area and compound to the rear and accessed off the side elevation, via a set of security gates directly off Heol Y Neuadd to the front. An additional means of vehicular access over the enclosed compound is also available to the southwest over the rear lane, from Penpacr. The large enclosed compound also accommodates an additional storage unit, currently occupied for use as storage.

The subject premises is situated within a site area of 0.155 acre (0.063 hectare), which has the potential to be extended further to the rear to accommodate a much larger retail unit, subject to the necessary statutory consents.

Location

The subject premises is situated along a relatively busy main road position within Tumble, which is a village approximately 1.9 miles to the south of Cross Hands and the main distribution road (A48) that links Llanelli and furthermore the M4 Motorway (J49) to Carmarthen.

The immediate area accommodates in the majority low density residential housing supported by some ancillary commercial uses. More noticeably, the subject premises is situated within a short driving distance to the popular area of Cross Hands Retail Park, which accommodates a large number of amenities that support the immediate catchment area.

Tumble along with Cross Hands is part of the community of Llannon. The population, including Drefach is approximately 4,302.

Accommodation

The subject premises affords the following approximate dimensions and areas:

Ground floor

Net Internal Area: 112.96 sq.m (1,215.91 sq. Ft.)

Sales Area: 82.85 sq.m (891.79 sq. Ft.)

Shop Depth: 14.98m (49'2")

Net Frontage: 4.35m (14'3")

Ancillary: 30.11 sq.m (324.10 sq. Ft.)
which briefly comprises the following

Store Area: 5.10m x 6.58m
with door to rear yard area.

Store Room: 2.79m x 1.80m

Staff W.C. Facilities

First floor

Gross Internal Area: 52.22 sq.m (562.17 sq. Ft.)

Kitchen: 3.67m x 3.42m
with door to.

Corridor
with doors to.

Bathroom
fitted with a three piece suite

Bedroom 1: 3.22m x 2.30m

Landing
with stairs to second floor, door to.

Lounge: 5.60m x 3.40m

Second floor

Gross Internal Area: 26.08 sq.m (280.79 sq. Ft.)

Bedroom 2: 3.99m x 5.56m

Rates

As stated on the voa website the Rateable Value for the subject premises is as follows:

Rateable Value (2017): £2,850

From April 2018 the Welsh Government will set the multiplier according to the Consumer Price Index (cpi) and for the financial year 2021-22 the multiplier will be 0.535.

The residential accommodation is rated separately, which has a Council Tax Band of A.

We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .

Vat

Please be advised that all figures quoted are exclusive of VAT (where applicable).

Terms & Tenure

The subject premises is available Freehold, to be sold as a going concern.

Based on the information enclosed within the trading figures for the year ending 31st August 2020,2021 and 2022, we note the following.

Year End 2020:

Turnover – £231,007
Net Profit – £26,371 (11.41% of Turnover)

Year End 2021:

Turnover – £215,174
Net Profit – £16,609 (7.71% of Turnover)

Year End 2022:

Turnover – £225,606
Net Profit – £30,053 (13.32% of Turnover)

We advise that the average turnover over this three year period equates to approximately £223,929 per annum, which appears to be relatively consistent over this period of trade, with potential for further growth.

A copy of the Financial Statements for Tumble Stores for the year ending 31st August 2020,2021 and are available upon request to bona fida enquiries.

Viewing

By appointment with Sole Agents:

Astleys Chartered Surveyors
Tel: Email: