Office or part residential conversion opportunity.
Summary
- For Sale - New 125 year Leasehold Investment
- Flexible three-storey accommodation suitable for a range of commercial uses (STP)
- Opportunity for Investors or owner-occupiers
- Central location in Llanelli with good street frontage and accessibility
Accommodation
| Name | sq ft | sq m | Availability |
| Ground - Ground Floor Offices | 571 | 53.05 | Available |
| 1st - First Floor Offices | 487 | 45.24 | Available |
| 2nd - Second Floor Offices | 349 | 32.42 | Available |
| Total | 1,407 | 130.71 |
Location
The property is situated on Murray Street in the centre of Llanelli, benefiting from excellent visibility and close proximity to town centre amenities, public transport links and surrounding commercial occupiers such as ASDA and the main shopping arcade in Llanelli.
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Mainline Stations
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Llanelli9 mins
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Bynea54 mins
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Llangennech70 mins
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Pembrey and Burry Port71 mins
Underground Station
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Reading2662 mins
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Twyford2749 mins
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Maidenhead2859 mins
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Taplow2892 mins
Further Information
Price £155,000
Rates Payable £4,203.20 per annum Assuming small business rates relief are applicable, this property becomes EXEMPT.
EPC Rating This property has been graded as E (122)
Description
A substantial three-storey commercial property providing flexible accommodation with potential for a variety of uses (subject to planning).
The property offers character, and adaptability for occupiers or investors seeking commercial space in a central town setting.
Murray Street is a mixed use location with residential and commercial occupiers providing professional services such as estate agents, accountants and healthcare services.
Specifications
- 3 storey property
- Pitched tiled roof
- Wood block Flooring to the ground floor
- New carpet to stairs, 1st & 2nd floor
- Newly decorated throughout
- uPVC windows
- Electric Heating
- Small enclosed rear yard with rear lane pedestrian access
Tenure
The Long Leasehold interest is for sale. A new 125 year ground lease term from the date of sale at an initial rental of £1,900 per annum. This ground rent is to be reviewed at 5 yearly intervals to 23% of the property’s open market rental value.
The Lease will allow part residential use of the building which is restricted to 49% of the floor area.
Planning
We are advised that planning exists for the current use of the building as offices.
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