Retail premises for sale in Nott Square, Carmarthen SA31

For sale by auction on Wednesday, 01 May 2024 at 12:00

Venue: Online

Fully Let Town Centre Mixed Use Investment

An opportunity to acquire a substantial fully let three storey end of terrace mixed use investment property, comprising of a ground floor commercial unit and 5 x 1 bedroom flats to the upper two floors. We are advised that the current total gross annual income is £35,140 per annum (please refer to the legal pack to view tenancy agreements).

The building is located within the historic heart of this County Town next to the statue of General Nott and the castle within Nott Square. Nearby are several local and national retailers and eateries.

Ground Floor
Open retail area with treatment room, store room and w/c with access door to the side of the building.

Upper Floors
5 x 1 Bedroom Flats set over two floors, each with their own kitchens and bathrooms.

Outside
Area to the side of the building for bins etc.

Tenancies
Ground Floor let on a licence basis to an established tenant at £13,00 per annum.

Flat 1: Let on an AST at £425 per calendar month.

Flat 2: Let on AST at £350 per calendar month.

Flat 3: Let on AST at £330 per calendar month.

Flat 4: Let on an AST at £360 per calendar month.

Flat 5: Let on an AST at £380 per calendar month.

Therefore, the total combined gross annual income is £35,140 per annum.

Council Tax Band - A
Viewings
Through our partner agent Morgan & Davies (Carmarthen) on . Adequate notice must be provided to tenants for the purpose of viewings.

Additional Fees
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.