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Commercial property for sale

King Street, Carmarthen

£650,000

Property Description

Full description

INVESTMENT OPPORTUNITY FOR SALE. A four storey plus basement grade II listed commercial property on King Street in Carmarthen town centre. The property was renovated in 2008 under a conservation grant and it now has new windows throughout, a new roof and is completely re-rendered. Briefly the property is comprised of a retail shop and cafe on the ground floor, a retail area of 4 rooms on the 1st and 2nd floor, 4 rooms on the 3rd floor, 3 rooms on the 4th floor, outbuildings, a basement which used to be a flat and a car park with space for a maximum of 12 cars.

RENTAL INCOME

N.B - The ground, 1st and 2nd floor are currently let on a 15 year lease, granted in November 2008 with a break clause in year 5 and 10 for the tenants only. The tenant is responsible for outgoings i.e. services consumed and business rates as well as internal maintenance and repairs. The premises is a upmarket boutique shop dealing in quality gifts, furniture and homewares, plus a cafe/coffee shop which also serves food.

The car parking area is accessed via Woods Row. There is space for a maximum of 12 cars. 10 spaces can be let, present rental achieved is 135 per vehicle, per quarter.

Wetherspoons, based on King Street in Carmarthen pay for the storage of Wheelie bins outside the car park as well as rear access.

The Store room (Brick and Slate Outbuilding) is let for 1800 per annum.

Total Rent Income

Shop 33,000
Stores 1800
Car Park 5400
Wetherspoons 3800

Total 44,000

Services - Mains gas with part central heating, mains water, electricity and drainage.

Freehold 650,000 o.n.o. Subject to existing tenancies. For more details please call our office to discuss.




Ground Floor
Sales area with shop front, doors to the side and rear with cloakroom with WC and wash hand basin. Sales area is approximately 600 sq ft. Rear cafe approximately 18' X 15' with stone fireplace. Catering/Kitchen area approximately 15 X 10

1st Floor
Part of the lease. Room (1) approximately 18' X 13' with feature fireplaces. Room (2) approximately 13' X 13' with feature fireplace.

2nd Floor
Retail area approximately 13' X 9' and 14' X 10' Bathroom/staff room approximately 12' X 7' with gas boiler for domestic heating and hot water, WC and wash hand basin.

3rd Floor
Open plan, formerly 4 rooms, requiring refurbishment approximately 30' 12' X 12' X 9' and 13' X 12'

4th Floor
3 attic rooms, approximately 500 sq ft

Basement/Storage Area
2 rooms approximately 18' X 9' & 18' X 8'

Car Park
Rear parking and pedestrian access with 2 parking spaces allocated to the shop. Space for 12 cars in total, 10 spaces are available to be let.

Brick and Slate Outbuilding
Approximately 35' 18'. Recently re-roofed. The basement is currently let as a storage area and the first floor is the cafe for the shop - which is connected to the ground floor part of the shop.

Lower Ground Floor Workshop
Rear workshop & Cellar approximately 30' X 16'

Basement Room
Used to be a residential flat, now converted back to original lime stone walls. Currently an empty space.


More information from this agent

To view this property or request more details, contact:

Swift Sales, Carmarthen - Commercial

1 King Street, Carmarthen, SA31 1BA

01267 317005 Local call rate

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