£155,000
(£110.16/sq. ft)
Office for sale5 Murray Street, Llanelli SA15
1,407 sq. ft
About this property
For Sale - New 125 year Leasehold Investment
Flexible three-storey accommodation suitable for a range of commercial uses (STP)
Opportunity for Investors or owner-occupiers
Central location in Llanelli with good street frontage and accessibility
Business Rates exempt (assuming sbrr has been applied)
Estimated Rates Payable: £4203.2
A substantial three-storey commercial property providing flexible accommodation with potential for a variety of uses (subject to planning).
The property offers character, and adaptability for occupiers or investors seeking commercial space in a central town setting.
Murray Street is a mixed use location with residential and commercial occupiers providing professional services such as estate agents, accountants and healthcare services.
Business Rates are £4,203.20 per annum. Assuming small business rates relief are applicable, this property becomes exempt.
Location
The property is situated on Murray Street in the centre of Llanelli, benefiting from excellent visibility and close proximity to town centre amenities, public transport links and surrounding commercial occupiers such as asda and the main shopping arcade in Llanelli.
Specifications
- 3 storey property
- Pitched tiled roof
- Wood block Flooring to the ground floor
- New carpet to stairs, 1st & 2nd floor
- Newly decorated throughout
- uPVC windows
- Electric Heating
- Small enclosed rear yard with rear lane pedestrian access
Tenure
The Long Leasehold interest is for sale. A new 125 year ground lease term from the date of sale at an initial rental of £1,900 per annum. This ground rent is to be reviewed at 5 yearly intervals to 23% of the property’s open market rental value.
The Lease will allow part residential use of the building which is restricted to 49% of the floor area.
Planning
We are advised that planning exists for the current use of the building as offices.
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£775 per month
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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