Located in South Carmarthenshire, Ponthenry, is a well known local settlement which is primarily a residential area with Llanelli to the south and the county town of Carmarthen to the north. The premises are in the middle of the village.
The upper floor at street level which is used for food preparation and sales is approximately 401.96 sq ft (37.35 sq m) while the lower floor with pedestrian access from the rear is primarily storage and extends to approximately 382 sq ft (35.89 sq m).
The premises are held on lease for a term of 110 years from the 1st September 2012 expiring on 31st August 2122. The lease specifies that the tenant is responsible for all repairs, payment of local rates and other usual outgoings.
The rent reserved in the lease is £5,200 per annum. Interested parties should note that the seller has no record of rent having paid since November 2016.
According to the gov.uk website, the rateable value of the premises is £1,875. Under the terms of the lease, the tenant is responsible for payment of rates, although at this rateable value it is probable that an occupier will have full relief from the payment of rates.
Please contact David Cochlin in our Commercial Department on 01834 861810 or via email to firstname.lastname@example.org or email@example.com
Auction Date & Venue
For Sale by Public Auction at Parc Y Scarlets, Llanelli on Wednesday 29th November 2017 at 1pm (unless previously sold or withdrawn).
Contact: Mr David Ralley-Davies