Commercial property for sale in Queen Victoria Road, Llanelli SA15

The subject premises comprises a two-storey detached building, currently occupied for use as a mixed use investment, measuring approximately 159.02 sq.m (1,711.71 sq. Ft.) in total, comprising a ground floor office suite together with a self-contained four bedroom House in Multiple Occupation (HMO), arranged over the first floor.

Externally, the subject premises also benefits from designated parking to the rear over an open yard area, providing a total of 4-6 allocated parking spaces.

We further advise that the ground floor office suite is currently occupied by R. A. Ure & Co, which is an established firm of accountants, producing a current rent passing of £13,800 per annum.

The first floor, which can be accessed independently off the rear hallway and corridor comprises a four bedroom House in Multiple Occupation (HMO), supported by a communal kitchen and bathroom facilities. We have been advised that a total of 3 rooms are currently let (Rooms 2,3 and 4), producing a current gross rent of £21,840 per annum (inclusive), equating to an average rental return of £606 per calendar month per room.

Description

The subject premises comprises a two-storey detached building, currently occupied for use as a mixed use investment, measuring approximately 159.02 sq.m (1,711.71 sq. Ft.) in total, comprising a ground floor office suite together with a self-contained four bedroom House in Multiple Occupation (HMO), arranged over the first floor.

Externally, the subject premises also benefits from designated parking to the rear over an open yard area, providing a total of 4-6 allocated parking spaces.

We further advise that the ground floor office suite is currently occupied by R. A. Ure & Co, which is an established firm of accountants, producing a current rent passing of £13,800 per annum.

The first floor, which can be accessed independently off the rear hallway and corridor comprises a four bedroom House in Multiple Occupation (HMO), supported by a communal kitchen and bathroom facilities. We have been advised that a total of 3 rooms are currently let (Rooms 2,3 and 4), producing a current gross rent of £21,840 per annum (inclusive), equating to an average rental return of £606 per calendar month per room.

Location

The property is situated fronting Queen Victoria Road in Llanelli town centre, along a prominent position within close proximity to the main intersection along Station Road and Murray Street.

Llanelli is a market town and the largest community in Carmarthenshire, with an estimated population of 26,225 (2019). It is located 10.5 miles north-west of Swansea and 12 miles south-east of the county town, Carmarthen.

The subject premises is situated within a popular mixed use location, with the majority of neighbouring properties utilised as office accommodation for professionals such as chartered surveyors, accountants, financial advisers and solicitors, etc. Together with a large number of Victorian townhouses.

Accommodation

The subject premises affords the approximate dimensions and areas.

Ground floor

Net Internal Area: 61.21 sq.m (658.86 sq. Ft.)

Office 1: 4.36m x 3.60m plus bay

Office 2: 4.17m x 4.73m plus bay

Office 3: 4.07m x 4.57m

W.C. Facilities

Staff Kitchen: 2.27m x 1.47m

Rear Entrance Corridor
Providing independent access with stairs to HMO unit.

Ground floor

Gross Internal Area: 87.50 sq.m (941.90 sq. Ft.)

Landing
with doors to.

Communal Kitchen: 2.61m x 3.67m

Bedroom 1: 3.33m x 2.45m

Bedroom 2: 3.20m x 4.41m

Communal Bathroom

Bedroom 3:4.75mx 4.21m

Bedroom 4:4.70m x 4.25m

Rates

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

Ground Floor (Front): £2,800

Ground Floor (Rear): £2,225

From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (cpi) and for the financial year 2023-24 the multiplier will be 0.535.

Rates relief for small businesses in Wales will apply up to 31st March 2020. Rates relief for small business with a rateable value up to £6,000 will receive 100% relief and those with a rateable value between £6,001 and £12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.

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

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

Vat

All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (if applicable).

Terms & Tenure

The subject premises is available Freehold, which is currently subject to the following occupational leases.

Ground floor

Let to R. A. Ure & Co Accountants for a term of 2 years from 1st May 2023 at a current rent passing of £13,800 per annum.

First floor

Room 2 - Let to a private individual at a current rent passing of £130 per week (inclusive).

Room 3 - Let to a private individual at a current rent passing of £150 per week (inclusive).

Room 4 - Let to a private individual at a current rent passing of £140 per week (inclusive).

Viewing

By appointment with Sole Agents:

Astleys Chartered Surveyors
Tel: Email: