£75,000

Warehouse for sale

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Just added
Leasehold

Offers in region of

£75,000

(£46.07/sq. ft)

Warehouse for sale

Sandy Road, Llanelli SA15

1,628 sq. ft

Local area information

Property location

Nearby amenities

  • Ysgol Gyfun Y Strade 0.3 miles
  • Ysgol Gymraeg Ffwrnes 0.6 miles
  • Llanelli 1.5 miles
  • Pembrey & Burry Port 2.5 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Leasehold
  • Lease & businesss for sale subject to occupational lease with A rent passing of £6,368 pa
  • Single bay workshop/ trade counter unit with large open yard area to the front
  • Smaller storage unit and enclosed yard to the rear
  • Gross internal area – 151.27 sq.M (1,628.31 sq. Ft.)
  • Prominent position along busy thoroughfare fronting the main A484 carriageway
The subject property comprises a stand-alone site and trade counter unit, currently occupied for use as a local supplier of gardening and landscape products, which also includes the supply of Calor Gas and various solid fuels, trading as Stradey Patio Centre.

Internally, the premises comprises a single bay warehouse unit located to the front of the site, which also incorporates an open yard/ customer parking area for approximately 6-8 vehicles in total. The main warehouse also benefits from a much smaller detached storage unit to the rear.

The site also benefits from a small access way that circulates the entire building, which provides access to an enclosed yard area to the rear.

The entire premises is currently held on an occupational leasehold agreement, in which the current rent passing equates to £6,368 per annum.

We therefore advise that the subject premises will be offered for sale as a going concern, to include the client's Leasehold interest and Tenant's fixtures and fittings associated with the business, which will be subject to a proposed assignment of the existing occupational lease or alternatively a proposed surrender and re-grant of a new effective lease (subject to the Landlord’s prior written consent).

Description

The subject property comprises a stand-alone site and trade counter unit, currently occupied for use as a local supplier of gardening and landscape products, which also includes the supply of Calor Gas and various solid fuels, trading as Stradey Patio Centre.

Internally, the premises comprises a single bay warehouse unit located to the front of the site, which also incorporates an open yard/ customer parking area for approximately 6-8 vehicles in total. The main warehouse also benefits from a much smaller detached storage unit to the rear.

The site also benefits from a small access way that circulates the entire building, which provides access to an enclosed yard area to the rear.

The entire premises is currently held on an occupational leasehold agreement, in which the current rent passing equates to £6,368 per annum.

We therefore advise that the subject premises will be offered for sale as a going concern, to include the client's Leasehold interest and Tenant's fixtures and fittings associated with the business, which will be subject to a proposed assignment of the existing occupational lease or alternatively a proposed surrender and re-grant of a new effective lease (subject to the Landlord’s prior written consent).

We have been advised that the business has been trading since 1990 and is therefore considered to be a well-established local business.

Location

The subject premises is situated fronting Sandy Road along the edge of Llanelli town centre, which is considered to be a popular trading location within the town.

The subject property is located along a prominent main road position approximately 1.5 miles to the west of Llanelli town centre.

Accordingly, the property is considered to be reasonably well situated for its existing use, which is located within a relatively densely populated residential catchment area.

The site also benefits from immediate access to the main A484, which eventually leads to Junction 47 of the M4 Motorway (8 miles) and Swansea City Centre, via the A483 (12 miles).

Accommodation

The subject premises affords the following approximate dimensions and areas:
Ground floor


Gross Internal Area: 151.27 sq.m (1,628.31 sq. Ft.)

Trade Counter/ Main Unit: 120.82 sq.m (1,300.50 sq. Ft.)
subdivided in part to comprise the manager’s office to the front, together with staff kitchen and w.c. Facilities to the rear.

Internal Width: 6.09m (19’11”)

Sales Depth: 19.84m (65’2”)

Ancillary Store: 30.45 sq.m (327.76 sq. Ft.)
accessed independently to the rear over the enclosed yard area.

Rates

As stated on the voa website the Rateable Value for the subject premises is as follows:

Stradey Motors, Sandy Road:£4,800

From April 2018 the Welsh Government set the multiplier according to the Consumer Price Index (cpi) and for the financial year 2025/26 the multiplier will be 0.568.

Rates relief for small business with a rateable value up to £6000 will receive 100% relief and those with a rateable value between £6,001 and £12,000 will receive relief that will be reduced on a tapered basis from 100% to zero.

We therefore advise that the subject premises is eligible for 100% small business rates relief, subject to satisfying the necessary criteria.

We advise that all enquiries should be made with the Local Authority Rates Department to verify this information. For further information visit .

Vat

All figures quoted are exclusive of VAT. Our client reserves the right to levy VAT on this transaction (if applicable).

We have been advised that at present VAT is not applicable to this transaction.

Terms And Tenure

Our client's interest is available on an occupational lease agreement, which was originally granted for a term of 21 years from 25th December 2004 at a current rent passing of £6,368 per annum (exclusive).

We have also been advised that a new effective lease can be negotiated with the Landlord, which will be subject to a proposed rent of £8,250 per annum (exclusive).

The client's Leasehold interest is therefore available subject to the proposed premium quoted in our particulars, as consideration for business goodwill, fixtures and fittings.

A copy of the Lease is also available on request.

Viewing

By appointment with Sole Agents:

Astleys Chartered Surveyors
Tel:
Email:

More information

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  1. Zoopla
  2. Commercial for sale
  3. Carmarthenshire
  4. Llanelli
  5. Sandy Road