Ground Floor 18 Station Rd, Burry Port, SA16 0LR
- Property Type: Investment
- Size: 68 sq m (733 sq ft)
- RARE INVESTMENT OPPORTUNITY
- PROMINENT LOCATION IN POPULAR HARBOUR TOWN
- CURRENT ANNUAL INCOME £6,600PAX
- LET TO AN ESTABLISHED CAFÉ ON A LEASE EXPIRING IN 2027
- OFFERS IN THE REGION OF £100,000
The property is located in a prominent town centre position fronting Station Road, a busy retail and mixed-use location. There are a variety of national retailers in the direct vicinity including Jenkins Baker and CO-OP. The main Burry Port Train Station is also in close proximity.
Burry Port is a busy harbour town and popular tourist destination. The town is located 8 miles west of Llanelli and 12 miles south of Carmarthen.
DESCRIPTION
The property comprises a ground floor lock-up shop with rear courtyard. The accommodation is currently configured to a well specified café with kitchen and associated staff and WC facilities.
The property forms part of a three-storey multi-let building which includes two other ground floor retail units with several residential flats to the upper floors.
Pedestrian access is given directly from the pavement off Station Road. Loading and rear access is given via a courtyard to the rear.
ACCOMMODATION
Café/Retail area: 516 sq ft
Kitchen: 175 sq ft
Store/staff: 42 sq ft
WC Facilities
RATEABLE VALUE
£3,750
UBR for Wales 2023/24 is 53.5p in the £
Interested parties are asked to verify the information.
EPC
Energy Rating – 39B
CN-9110-3083-0358-0800-0395
TENURE
Title number | Term | Rent | |
Long Leasehold | CYM712547 | 999 years (less 3 days) from 23 November 2016 | Peppercorn (if demanded) |
A service charge is payable for the repair and maintenance of the building of which the property forms part.
TENANCY
The property is let on an occupation lease to Joshua Aubery Jones as personal guarantor from 2022 for a term of five years with break option on the 3rd anniversary. The current rent is £6,600pax. There is an open market rent review on the 3rd anniversary of the term providing an opportunity to increase the rtent.
PROPOSAL
Seeking offers in the region of £100,000 (One Hundred Thousand Pounds) subject to contract and exclusive of VAT.
VAT
The prices quoted are exclusive of VAT.
LEGAL COSTS
Each party to pay their own legal costs in any transaction.