Block of flats for sale

57 King Street, Carmarthen, Dyfed SA31

£190,000

For sale by online auction on 28th May at 12:00 and ending on 29th May at 12:00

Kindly visit our website, , to register your interest. All participants are required to pay a holding fee to bid in the online auction, with the winning bidder also paying a deposit of 10% of the final bid; the holding fee of the winning bidder is retained by the auctioneers. In instances where a property is sold before the auction, no holding fee is necessary, but a buyers' premium is mandatory upon exchange. The completion will take place 28 days post-exchange unless the contract specifies otherwise. Pre-auction offers are welcomed.

Property Auction Agent are delighted to take to auction this mixed-use four-story, Grade II listed building located in a prime location within the market town of Carmarthen. The Property comprises of a ground floor retail unit, well-regarded cocktail bar to the lower ground having been recently refitted, in addition there are 2-bedroom flats to the first and second floor.
The Town of Carmarthen has a bustling high street and is the hub of activity for the surrounding towns and villages. In addition the local university brings an influx of new students each year. A large injection of investment has seen the highly successful redevelopment of Catharine's Walk integrating with independent shops and businesses. Close to local amenities and with access to the M4 corridor
We are advised that this property has a potential annual yield of 11.5%.
Projected income £39,600 per annum.
Fantastic investment opportunity
EPC: Exempt Listed building status
Full description


Basement: Bar
Ground Floor: Shop, storeroom and WC
Washroom Services: Detached building with male and female toilets

First Floor Flat
Hall
Living Room: (4.74 x 4.11 (15'6" x 13'5") Window to fore, panel radiator with grills. Boiler room.
Kitchen: (2.27 x 2.29 (7'5" x 7'6") A range of modern base and eye-level units with maple finish door and drawer fronts, with a matte granite effect worksurface over, incorporating a stainless steel sink. 4-ring mains gas hob with chimney-style extractor over. Fan-assisted oven/grill. Tiled walls between base and eye-level units. Window to side. Plumbing for dishwasher and washing machine. Space for fridge freezer.
Bedroom 1: (2.77 x 2.29 (9'1" x 7'6") Window to side. Panel radiator with grills.
Shower Room: Window to side. A white suite comprising an economy flush WC, a pedestal wash hand basin, and corner shower enclosure with chrome mixer shower fitment with drench head.
Bedroom 2: (2.39 x 3.38 (7'10" x 11'1") Window to rear. Panel radiator with grills

Second Floor Flat
Hall
Living Room: (4.74 x 4.11 (15'6" x 13'5") Window to fore, panel radiator with grills.
Kitchen: (2.25 x 2.39 (7'4" x 7'10") A range of modern base and eye-level units with maple finish door and drawer fronts, with a matte granite effect worksurface over, incorporating a stainless-steel sink. 4-ring mains gas hob with chimney-style extractor over. Fan-assisted oven/grill. Tiled walls between base and eye-level units. Window to side. Plumbing for dishwasher and washing machine. Space for fridge freezer.
Bedroom 1: (2.81 x 2.39 (9'2" x 7'10") Window to side. Panel radiator with grills.
Bedroom 2: (2.39 x 3.28 (7'10" x 10'9") Window to rear. Panel radiator with grills.
Shower Room: Window to side. A white suite comprising an economy flush WC, a pedestal wash hand basin, and corner shower enclosure with chrome mixer shower fitment with drench head
tenure: Freehold
Please note


It is the responsibility of all purchasers to conduct their own investigation with regards to all aspects of the property and seek legal advice. The Legal Pack will be available on our website prior to the auction commencement. The legal pack can be downloaded through
Payments


To bid online you will be required to pay a holding fee this will only be retained should you be the successful bidder. To exchange contracts, you will be required to pay a 10% deposit and sign the contract within 24 hours and complete the transaction paying the balance of funds within 28 days, (this timescale may vary always read the contract in the Legal Pack for confirmation).
Due to the timescales involved, we strongly recommend ensuring your finances are in place prior to bidding.
*A buyer's premium fee is payable should a property be sold pre-auction this fee is 2% subject to a minimum fee of £3,495.

Accommodation
Property comprised of two commercial units and two apartments.

Location
Situated in the center of Carmarthen