Queen St, Carmarthen

Offers in the region of £325,000


  • Fully Let Investment
  • Producing £37,000 Per Annum
  • Edge Of Town Centre
  • In Excess Of 10% Yield

Location
Carmarthen is the county town and acts as the main retail and administrative centre for the majority of South West Wales. It accommodates not only a full range of local traders, but also many national names such as Debenhams, Marks & Spencer, Boots and W H Smiths in addition to a new shopping precinct which includes a multiplex cinema and a variety of restaurants. The town also includes parts of Trinity St Davids University, Dyfed Powys Police Headquarters as well as the County Council offices with County Hall being a few minutes walk from the premises.

Accommodation
The net usable floor space of the offices in Number 5 and the upper floors of Number 4 is approximately 2,846 sq ft (264.5 sq m). In addition are various kitchens, store rooms, WC facilities etc
The ground floor restaurant in Number 4 is approximately 1,060 sq ft (98.48 sq m) including commercial kitchen, office and WC facilities. The restaurant is of high quality finishes and currently accommodates around 32 covers.

Leases
The first floor offices of Number 5 along with the first floor offices above Number 4 are let to Ty Hafan (Cymdeithas Tai Hafan Cyf) for a term of 15 years from 30 July 2004 with a current rent passing of £27,000 per annum. The tenant pays rates and other usual outgoings.
The restaurant on the ground floor of Number 4 is let to 2 local traders for a term of 15 years from 23 February 2005 with a current rent payable of £10,000 per annum. The terms are similar to those in place for Number 5.

Tenure
The premises are available freehold subject to the leases.

Price
Offers are invited in the region of £325,000 which would show a purchaser a yield in excess of 10% after allowing 5% acquisition costs.

Energy Performance Certificate
Available from the Selling Agents.

Availability
Immediately upon completion of legal formalities.

Viewing Arrangements
Please contact David Cochlin in our Commercial Department on 01834 861810 or via email to dc@johnfrancis.co.uk or commercialwest@johnfrancis.co.uk

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