The property is sold subject to a 6 month (approx) lease dated 14th November 2024. The rent level appears to be nil/peppercorn but please refer to the legal pack for confirmation.
Mid-terrace two-storey retail unit property in the pedestrianised centre of Llanelli with rear parking area.
The property comprises a ground floor shop/retail area with a services cupboard and rear store/WC. Upstairs is an open-plan retail area accessed via rear stairs. The property is sold with vacant possession and would benefit from some clearing and decorative improvement throughout. There is also useful rear access with room for two vehicles to park as well as amenity space.
Stepney Street is in the pedestrianised centre of Llanelli very close to the St Elli shopping centre and local occupiers include Santander, Boots, Greggs and HSBC.
We are informed the building is leasehold and interested parties are invited to examine the legal pack once available for confirmation of tenure.
GF - Retail area, store/utility cupboard, WC
FF - Open-plan retail area.
OS - Amenity space, parking for two cars.
Informed Leasehold – please refer to legal pack for verification of tenure
Viewing by appointment with Seel and Co – www.seelandco.com/auctions
Buyer's Premium - 1.20% with a minimum of £1,200 (inc of VAT) payable on exchange of contracts. Please refer to the legal pack for any further disbursements to be paid by the purchaser on completion.
Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction.
Auctioneers Office, Seel and Co (029) 2037 0117
FOR SALE BY PUBLIC AUCTION on Tuesday, 4 February 2025 online via the Seel and Co website. Bidding will commence from midday on Monday, 3 February and conclude in order from Lot 1 at 4:00 pm on Tuesday, 4 February 2025
We've partnered with Cornerstone Commercial Finance to offer a wide range of finance options from bridging loans to development finance.
Apply for Finance* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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