Auction House / Wales
  • For Sale By Unconditional Online Auction
  • Guide Price* : £125,000
  • Auction Ended 20/06/2023
  • Lot 19

26 Spilman Street, Carmarthen, Dyfed, SA31 1LQ

FOR SALE VIA NATIONAL ONLINE AUCTION. REGISTER TO BID!

Description

Bidding opens Monday 19th June 2023 at 1pm and closes Tuesday 20th June 2023 at 1pm.

Prominent Part Let Commercial Investment Opportunity with Development Potential

Offered for sale is this very prominent positioned town centre investment opportunity. The building is located alongside other commercial occupiers and close to the retail centre and St Peter’s Street Car Park.
The property is currently split in to 2 x office suites with the ground floor currently vacant and measuring circa 1,654 sqft/154sqm. We are advised that the unit was let previously to PDL LTD (architects) at £6,500 per annum. We are also advised that the two upper floors are currently let to Hugh Jenkins (Accountants) at £7,500 per annum and measures circa 1502sqft/140sqm. We understand that the tenants have been in occupation for over 10 years. To the rear of the property is generous external break out space having pedestrian side access.
The first floor commercial unit benefits from a kitchen and shower room and therefore would lend itself for conversion to residential use subject to all necessary consents along with the ground floor accommodation.

Tenancies Currently let at £7,500 per annum with scope to increase the income substantially by way of letting the ground floor office suite. Please refer to the legal pack for further information.
Viewings Viewings via our partner agents Guy Thomas Estate Agents & Chartered Surveyors on 01646 682342.

Tenure: Freehold

Important Notice to Prospective Buyers

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Administration Charge

1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

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* Guide | £125,000
  • Unconditional (Immediate Exchange)

Call the team on 02920 475184 for more information

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Note

  1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
  2. General : While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
  3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
  4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
  5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER AUCTION HOUSE NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.