Unit 5 Llys Aur, Llanelli Gate, Llanelli, SA14 8LQ
- Property Type: Investment
- Size: 383 sq m (4,119 sq ft)
- MODERN OFFICE INVESTMENT OPPORTUNITY
- DETACHED TWO-STOREY BUILDING COMPRISING 4,119 SQ FT
- BUSINESS PARK LOCATION 2 MILES WEST OF JCT 48 OF THE M4
- LET ON AN FRI LEASE TO COSMEDITECH UNTIL 25 OCTOBER 2028
- CURRENT NET INCOME £36,000 PAX
- ASKING PRICE £415,000
The development is located on the rapidly expanding Llanelli Gate site, some 2 miles North West of Llanelli Town Centre, and 3 miles South of J48 of the M4 motorway.
The location has seen the development of a 23,700 sq ft Technium of Performance Engineering, known as The Beacon, together with some 90,000 sq ft of warehouse/industrial units developed by the Welsh Industrial Partnership.
The M4 motorway provides access to Swansea, the commercial hub of West Wales, as well as good road links to Carmarthen which lies to the North West.
DESCRIPTION
A purpose-built detached office building on ground and part first floor.
The building benefits from independent access with the ground floor configured in an open plan design, whilst the first floor is split into cellular offices. W/C facilities are provided on the ground floor in addition to a fully integrated kitchen. The building benefits from a lift to the first floor.
ACCOMMODATION
Modern self-contained office accommodation across 2 floors:
| Sq M | Sq Ft | |
| Ground Floor | 243.41 | 2,620 |
| First Floor | 139.31 | 1,499 |
| Total | 382.72 | 4,119 |
RATEABLE VALUE
We have been informed via an online enquiry with the Valuation Office web site, that the property has the following rateable value: £35,750
UBR for Wales 2024/25 is 0.562p in £.
TENURE
We advised the property is held freehold.
TENANCY
The property is let Cosmeditech LTD on a full repairing lease for a term expiring 25 October 2028. The passing rent is £36,000pax.
EPC
Energy rating A – 19 (see certificate below)
PROPOSAL
Seeking offers in the region of £415,000 (Four Hundred and Fifteen Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a capital value of £100 per sq. ft, and the following yield profile:
Net Initial Yield: 8.34%
Assuming standard purchaser’s costs at 3.96%