Investment Retail Unit And Flats In Llandeilo Carmarthenshire For Sale

Business description

Preferred Commercial is delighted to offer for sale this investment property, which has been in our client's careful hands since 1994 and which is only now offered to the market due to our client's other business interests. The inestment can generate a turnover in region of £22,680 per annum, derived from the letting income from the retail unit and 4 flats. We have been advised by our client that the retail unit is currently let out at £650 per month and the flats can be let out at a combined income of £1,240 per month. We have also been advised that the retail unit and 2 of the flats are currently let out. The premises are well-equipped and have been finished to a high standard throughout. This is an ideal opportunity to acquire an investment property with an annual return of approximately 7% in a prime trading position on a busy high street. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Freehold

Location:

This investment property comprises of a spacious self-contained retail unit and 4 x 1-bedroom flats. The premises are ideally located on a busy high street in a sought after area in the town of Llandeilo, Carmarthenshire. The property is located close to the town's amenities and is surrounded by variety of complementary shops and businesses. There are regular buses running through the area and the railway station is within walking distance. The property has easy access to the A-road network and the M4 motorway lies approximately 12 miles to the south. Llandeilo is situated on the River Towy and is surrounded by picturesque countryside. Ammanford is 7 miles to the south, while Carmarthen is approximately 15 miles to the west.

Premises details:

Substantial 3-storey property with 4 x 1-bedroom flats and a retail unit. Briefly comprising:

Ground Floor
• Retail unit with shelving and display units and changing room
• Hallway
• Flat 1 with lounge, kitchen, double bedroom, shower room and store room

Lower Ground Floor
• Kitchenette
• WC with wash hand basin
• Store room

First Floor
• Flat 2 with lounge, double bedroom, kitchen and bathroom
• Flat 3 with hallway, lounge/kitchen, double bedroom and bathroom

Second Floor
• Studio flat with bedroom/lounge, kitchen and bathroom

External
• Spacious rear garden with patio area