19 Red Street, Carmarthen, Dyfed, SA31 1QL

ONLINE AUCTION from 6th - 8th October A mid-terrace commercial property situated within a busy town centre location, formerly let to the established national retailer Warren James (Jewellers) Limited. Warren James had occupied the property since 2016, with the previous lease producing a rental income of £33,000 per annum. The property is now to be sold with vacant possession, providing an opportunity for an owner occupier or investor to secure a prominent town centre retail premises. We have been advised that the property could potentially achieve a rental income in the region of £20,000-£25,000 per annum if re-let to a new tenant, subject to market conditions. We have also been advised that a dilapidations claim/schedule totalling £58,073.28 has been calculated in relation to the former tenancy. Prospective purchasers should refer to the legal pack and satisfy themselves as to the status, recoverability and benefit of any dilapidations claim. The property represents an attractive opportunity to acquire a vacant commercial property in a prominent town centre location with potential to generate future rental income. Lease Start Date 21/01/1983 Lease Duration 125 years (81 years unexpired) Auction Fees And Additional Costs Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices betw…

From the Paul Fosh Auctions listing. Read the full listing and legal pack →