Property for sale

Gorsfach, Llanelli SA14

Key features

• Mixed-use commercial and residential property
• Commercial premises to ground floor
• Self-contained two-bedroom flat above
• Flat currently tenanted at £685 pcm
• Commercial premises currently tenanted at £600 pcm
• Combined current rental income of £1,285 pcm
• £15,420 annual gross rental income
• Off-road parking
• Additional outside/side area
• Established commercial location
• Potential investment or owner-occupier opportunity
• Guide Price £195,000

A ready-made mixed-use investment combining commercial and residential income, this property in Gorfach, Llanelli offers an established ground-floor commercial premises together with a self-contained two-bedroom flat above.

Both elements are currently tenanted, generating a combined rental income of £1,285 per calendar month / £15,420 per annum. At the asking price of £195,000, this equates to a gross yield of approximately 7.9%, providing an attractive proposition for investors looking for income from both commercial and residential accommodation.

The ground floor provides versatile commercial space currently occupied by an established blinds business, including a reception/customer area, substantial workshop and work areas, ancillary facilities and W.C. Above, the separate residential accommodation comprises a lounge, kitchen, two bedrooms and bathroom.

Externally, the property benefits from off-road parking and additional land/outside space to the side, further adding to the versatility of the site.

Shop

Approach -

Off Road parking at the front of the shop leads to the front door

Entrance Foyer -

Tiled flooring, doors to the reception area on the right and workshop on the left

Reception and office - 6.826 x 3.467

Double glazed window to the front, reception area opening to office with a door to the rear lobby

Rear Lobby -

Tiled flooring, doors to W.C. And kitchen

W.C. -

Low level flush W.C. And wash hand basin

Kitchen - 3.206 x 1.799

Storage units with sink unit and door to the rear

Workshop - 6.733 x 3.688

Double glazed window to the front and door to storage

Flat

Approach -

Kitchen -

Fitted with a range of wall and base units with roll top work surfaces over incorporating aone and a half bowl sink unit with drainer and mixer tap over. Space for fridge freezer, oven, hood and washing machine. Door to inner hallway, wired in smoke alarm and loft access. Double glazed window and laminate flooring.

Inner Hallway -

Doors to bathroom, lounge and bedroom. Laminate flooring, wired in smoke alarm and loft access

Lounge -

Double glazed window, radiator, laminate flooring and coving to ceiling

Bedroom 1 -

Double glazed window, radiator, laminate flooring and built in storage cupboards

Bedroom 2 -

Double glazed window, radiator and laminate flooring

Bathroom -

Fitted with a low level flush W.C., pedestal wash hand basin and panelled bath with shower over. Heated towel rail and laminate flooring

Side Garden -

There is a grassed area to the side of the shop and flat

Construction materials used: Brick and block.

Water source: Direct mains water.

Electricity source: National Grid.

Sewerage arrangements: Standard UK domestic.

Heating Supply: Central heating (gas).