17 Stepney Street, Llanelli, SA15 3YB
- Property Type: Investment
- Size: 388 sq m (4,173 sq ft)
- PRIME RETAIL LOCATION WITHIN LLANELLI TOWN CENTRE
- THREE-STOREY MID-PARADE BUILDING
- LONG LEASEHOLD AT PEPPERCORN RENT
- LET TO THE WORKS STORES LTD UNTIL 25 JANUARY 2024
- CURRENT INCOME £10,000 PAX
- OFFERS IN THE REGION OF £150,000
The property is located in the heart of Llanelli Town Centre, in the prime pedestrian retail area. Prominent occupiers in the vicinty include Santander, Boots, Home Bargains and Lloyds Bank.
A terrace retail unit, which comprises of a three-storey main building, with a two-storey rear addition. The rear addition is of modern construction of brick / breeze block and alloy clad roof.
Gross Frontage: 7.70 m.
Net Frontage: 6.54 m.
Shop Depth: 25.95 m.
Built Depth: 29.95 m.
Ground Floor: 184.5 sq m (1,986 sq ft ).
First Floor: 157.2 sq m (1,692 sq ft ).
Second Floor: 46.0 sq m ( 495 sq ft ).
Total: 387.7 sq m ( 4,173 sq ft ).
We have been informed via an enquiry on the Valuation Web Site the property has a rateable value of £10,000.
UBR for Wales 2021/22 is 0.535p in the £.
Band D : CN 0660-0836-0039-7199-009
The property is held Long Leasehold for a term of 125 years from 25th March 1986 on a peppercorn rental basis
Let to The Works Stores Limited up to 25th January 2024. The lease contains a mutual break, any time after 26th January 2023. FRI terms with the tenant paying building insurance. Rent £10,000 pax.
Offers in the region of £150,000
VAT will be payable on the sale price.