Offers in region of
£1,360,000
(£106.83/sq. ft)
Office for saleOld Station Road, Carmarthen SA31
12,731 sq. ft
About this property
Location
The office development is located on the fringe of Carmarthen town centre, overlooking the River Towy, on Old Station Road. Prominent occupiers in the building include Health & Safety Executive, MenCap, Farmers Union Wales, Unison, dvsa and Llanelli Rural Council. Other occupiers in the area include Carmarthenshire County Council, Peter Francis Auctions, Ivy Bush Royal Hotel and a short distance from Carmarthenshire Mainline Railway Station.
Carmarthen is the main County Town of Carmarthenshire and is its administrative centre. Carmarthen benefits from excellent communication links by both rail and road. Swansea and Cardiff are accessed via the A48 dual carriage way and the M4, to the east. The A40 dual (carriage way) provides access to Haverfordwest and ports of Pembroke Dock, Milford Haven and Fishguard, to the west.
Description
The property comprises of a four storey office building, which was constructed in the 1980’s, having brick elevations and a pitched slate roof. Externally the property benefits from secure forecourt car parking, with further dda compliant car parking and a loading area to the rear.
Internally the office accommodation comprises a mix of open plan and cellular layouts and is of a high quality office standard, with recent refurbishments.
• 8 person passenger lift.
• Suspended ceilings and carpeted floors.
• Perimeter cable trunking.
• Front and rear car parking spaces.
• Secure access.
• Storage/Archive units available on the lower ground floors.
• Easy walking distance to town centre.
• Peaceful/Attractive Location
• Close to Carmarthen Railway Station
• Close to main A road access.
• Superfast broadband.
Accommodation
All accommodation listed in the attached tenancy schedule.EPC
Rating – C
Certificate Number: Rateable value
See attached Tenancy Schedule.
Tenure
We have been informed that the property is held Freehold.
Tenancies & occupiers
See attached Tenancy Schedule.
Income
Current base rental income is £112,354pax.
The vendor to top up the void base rent on the empty suites for the 1st year after purchase, taking the rental to £151,855.
Sale
Offers in the region of £1,360,000
Yield profile
Net Initial: 7.81%
Reversionary: 10.56%
Purchasers Costs: 5.78%
Capital Rate Per sq ft: £106.83 Per sq ft
The office development is located on the fringe of Carmarthen town centre, overlooking the River Towy, on Old Station Road. Prominent occupiers in the building include Health & Safety Executive, MenCap, Farmers Union Wales, Unison, dvsa and Llanelli Rural Council. Other occupiers in the area include Carmarthenshire County Council, Peter Francis Auctions, Ivy Bush Royal Hotel and a short distance from Carmarthenshire Mainline Railway Station.
Carmarthen is the main County Town of Carmarthenshire and is its administrative centre. Carmarthen benefits from excellent communication links by both rail and road. Swansea and Cardiff are accessed via the A48 dual carriage way and the M4, to the east. The A40 dual (carriage way) provides access to Haverfordwest and ports of Pembroke Dock, Milford Haven and Fishguard, to the west.
Description
The property comprises of a four storey office building, which was constructed in the 1980’s, having brick elevations and a pitched slate roof. Externally the property benefits from secure forecourt car parking, with further dda compliant car parking and a loading area to the rear.
Internally the office accommodation comprises a mix of open plan and cellular layouts and is of a high quality office standard, with recent refurbishments.
• 8 person passenger lift.
• Suspended ceilings and carpeted floors.
• Perimeter cable trunking.
• Front and rear car parking spaces.
• Secure access.
• Storage/Archive units available on the lower ground floors.
• Easy walking distance to town centre.
• Peaceful/Attractive Location
• Close to Carmarthen Railway Station
• Close to main A road access.
• Superfast broadband.
Accommodation
All accommodation listed in the attached tenancy schedule.EPC
Rating – C
Certificate Number: Rateable value
See attached Tenancy Schedule.
Tenure
We have been informed that the property is held Freehold.
Tenancies & occupiers
See attached Tenancy Schedule.
Income
Current base rental income is £112,354pax.
The vendor to top up the void base rent on the empty suites for the 1st year after purchase, taking the rental to £151,855.
Sale
Offers in the region of £1,360,000
Yield profile
Net Initial: 7.81%
Reversionary: 10.56%
Purchasers Costs: 5.78%
Capital Rate Per sq ft: £106.83 Per sq ft
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