Boots Opticians Ltd, 8 Red Street, Carmarthen
Size
1,598
Tenure
Freehold
EPC
Parking
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- Primary use
- Other
No floor / site plan
Key features
- High Yielding Retail Investment
- Retail Unit and Upper Parts
- Let to Boots Opticians
- 10 Year Lease - Expired 30.04.2024
- Tenant Holding Over - Asset Management Potential Via Renewal
- 1,598 sq ft (148.45 sq m)
- Investment Let at £34,000 p.a. (18% GIY on Guide Price)
Description
Arranged as a ground floor retail unit with ancillary upper parts, the property is let to Boots Opticians Professional Services Limited on a 10 year lease which expired 30.04.2024 and paying £34,000 per annum.
We understand the tenant is continuing to occupy the premises and pay rent, and is therefore holding over. We consider the property therefore offers asset management potential via renewal of the lease.
We understand that the tenant has communicated regarding a five year lease renewal. Any further negotiations can be carried out by the successful purchaser.
The property occupies a prominent pitch fronting the pedestrianised Red Street, forming part of the principal retail amenity within Carmarthen. The surrounding area is characterised by a number of national retailers including Greggs, Three, and an M&S department store immediately opposite.
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- Business rates
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- Use class
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- Listed building
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- BREEAM rating
Unclassified
- Environmental description
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